XML 35 R24.htm IDEA: XBRL DOCUMENT v3.7.0.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Schedule of Available Outstanding Shares for Future Issuance

At December 31, 2016, the following shares were outstanding and available for future issuance under the option plan:

 

Plan

 

Shares Outstanding

 

 

Shares Available

for Issuance

 

2005 Equity Incentive Plan

 

 

17,000

 

 

 

 

 

Summary of Stock Option and Warrant Activities Issued to Employees and Directors

The following is a summary of stock option and warrant (employees and directors) activities issued during the years ended December 31, 2016 and 2015:

 

 

 

Number of

Options or

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(in years)

 

Balance outstanding, January 1, 2015

 

 

1,914,906

 

 

$

2.44

 

 

 

8.74

 

Granted

 

 

5,534,692

 

 

 

0.67

 

 

 

8.85

 

Exercised

 

 

 

 

 

 

 

 

 

Cancelled (unvested)

 

 

(60,000

)

 

 

0.60

 

 

 

 

Expired (vested)

 

 

(52,000

)

 

 

28.76

 

 

 

 

Balance outstanding, December 31, 2015

 

 

7,337,598

 

 

 

0.94

 

 

 

8.62

 

Granted

 

 

4,823,736

 

 

 

0.71

 

 

 

7.75

 

Exercised

 

 

 

 

 

 

 

 

 

Cancelled (unvested)

 

 

 

 

 

 

 

 

 

Expired (vested)

 

 

(45,000

)

 

 

0.73

 

 

 

 

Balance outstanding, December 31, 2016

 

 

12,116,334

 

 

$

0.73

 

 

 

7.67

 

Balance exercisable, December 31, 2016

 

 

12,110,078

 

 

$

0.73

 

 

 

7.67

 

 

Schedule of Granted Stock Options and Warrants

The following table summarizes the stock options and warrants that we granted during the year ended December 31, 2016 and 2015:

 

Grant Date

 

Quantity

Issued

 

 

Expected

Life

(Years)

 

 

Strike

Price

 

 

Volatility

 

 

Dividend

Yield

 

 

Risk-Free

Interest

Rate

 

 

Grant Date

Fair Value

Per Option

 

 

Aggregate

Fair Value

 

09/23/2016

 

 

2,501,511

 

 

 

3.7

 

 

$

0.80

 

 

 

114.76

%

 

 

0

%

 

 

1.01

%

 

$

0.09

 

 

$

225,136

 

09/23/2016

 

 

2,233,336

 

 

 

4.2

 

 

$

0.60

 

 

 

115.10

%

 

 

0

%

 

 

1.11

%

 

$

0.11

 

 

$

245,667

 

09/23/2016

 

 

88,889

 

 

 

7.4

 

 

$

0.80

 

 

 

108.45

%

 

 

0

%

 

 

1.49

%

 

$

0.13

 

 

$

10,355

 

 

Grant Date

 

Quantity

Issued

 

 

Expected

Life

(Years)

 

 

Strike

Price

 

 

Volatility

 

 

Dividend

Yield

 

 

Risk-Free

Interest

Rate

 

 

Grant Date

Fair Value

Per Option

 

 

Aggregate

Fair Value

 

03/23/2015

 

 

1,125,000

 

 

 

5.0

 

 

$

0.60

 

 

 

96.32

%

 

 

0

%

 

 

1.42

%

 

$

0.10

 

 

$

117,683

 

03/23/2015

 

 

10,000

 

 

 

4.5

 

 

$

0.19

 

 

 

98.09

%

 

 

0

%

 

 

1.36

%

 

$

0.14

 

 

$

1,354

 

05/01/2015

 

 

550,000

 

 

 

5.2

 

 

$

0.60

 

 

 

99.45

%

 

 

0

%

 

 

1.47

%

 

$

0.37

 

 

$

203,500

 

05/08/2015

 

 

100,000

 

 

 

4.8

 

 

$

0.60

 

 

 

106.91

%

 

 

0

%

 

 

2.18

%

 

$

0.41

 

 

$

33,000

 

07/22/2015

 

 

71,192

 

 

 

8.6

 

 

$

0.80

 

 

 

95.11

%

 

 

0

%

 

 

2.23

%

 

$

0.23

 

 

$

16,328

 

07/22/2015

 

 

2,003,500

 

 

 

4.3

 

 

$

0.80

 

 

 

105.07

%

 

 

0

%

 

 

1.54

%

 

$

0.18

 

 

$

360,630

 

07/22/2015

 

 

1,675,000

 

 

 

4.8

 

 

$

0.60

 

 

 

100.05

%

 

 

0

%

 

 

1.69

%

 

$

0.19

 

 

$

318,250

 

 

Summary of Warrant Activities

The following table summarizes warrant activities for the years ended December 31, 2016 and 2015:

 

 

 

Number of

Warrants

 

 

Weighted

Average

Exercise

Price

 

 

Weighted

Average

Remaining

Contractual

Life

(in years)

 

Balance outstanding, January 1, 2015

 

 

873,336

 

 

$

17.79

 

 

 

1.0

 

Warrants issued

 

 

 

 

 

 

 

 

 

Warrants exercised

 

 

 

 

 

 

 

 

 

Warrants expired

 

 

(156,588

)

 

 

26.07

 

 

 

 

Warrants cancelled

 

 

 

 

 

 

 

 

 

Balance outstanding, December 31, 2016

 

 

716,748

 

 

 

15.98

 

 

 

0.22

 

Warrants issued

 

 

 

 

 

 

 

 

 

Warrants exercised

 

 

 

 

 

 

 

 

 

Warrants expired

 

 

(716,748

)

 

 

15.98

 

 

 

 

Warrants cancelled

 

 

 

 

 

 

 

 

 

Balance outstanding, December 31, 2016

 

 

 

 

$

 

 

 

 

Warrants exercisable at December 31, 2016

 

 

 

 

$