Restricted Stock Units

6 Months Ended

Jun. 30, 2017

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Restricted Stock Units

10. Restricted Stock Units

For the three months ended June 30, 2017 and 2016, restricted stock expense recorded as stock-based compensation was $3,294 and $18,200, respectively, and capitalized stock based compensation was $8,214 and $12,339, respectively.

	Number of restricted stock units			Weighted average fair value per award
Balance, December 31, 2016		2,711,297		$	0.17
Granted		–		$	-
Vested		(887,422	)		0.25
Balance, June 30, 2017		1,824,375		$	0.13

At June 30, 2017, unrecognized compensation expense related to RSUs totaled $54,066 that will be recognized over a weighted average period of approximately eight months.