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Restricted Stock Awards (Tables) (Inventergy Inc [Member])
9 Months Ended
Sep. 30, 2013
Inventergy Inc [Member]
 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following table sets forth the shares of restricted stock awards outstanding as of September 30, 2013:
 
 
 
Restricted
 
Weighted Average
 
 
 
Stock
 
Grant Date Fair
 
 
 
Awards
 
Value per Unit
 
 
 
 
 
 
 
 
 
Balance, Inception (January 12, 2012)
 
 
-
 
$
-
 
 
 
 
 
 
 
 
 
Balance, December 31, 2012
 
 
-
 
$
-
 
 
 
 
 
 
 
 
 
Awards granted
 
 
5,060,048
 
$
0.01
 
Awards vested
 
 
(1,296,048)
 
$
0.04
 
Awards cancelled or forfeited (unvested)
 
 
(50,000)
 
 
-
 
 
 
 
 
 
 
 
 
Balance, September 30, 2013
 
 
3,714,000
 
$
0.01
 
Schedule Of Stock Based Compensation Of Employees And Non Employees
Stock-based compensation for employees and non-employees recognized for the nine months ended September 30, 2013 and for the period from January 12, 2012 (inception) to September 30, 2013 was as follows:
 
 
 
For the Nine
 
January 12, 2012
 
 
 
Months Ended
 
(inception) to
 
 
 
September 30, 2013
 
September 30, 2013
 
 
 
 
 
 
 
 
 
Operating expenses
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Selling, general and administrative
 
$
1,166,931
 
$
1,166,931