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Note 10 - Summary of Stock Options (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Note 10 - Summary of Stock Options (Tables) [Line Items]    
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

 

 

Outstanding Options

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

 

Average

 

 

 

Number

 

 

Average

 

 

Remaining

 

 

 

of

 

 

Exercise

 

 

Contractual

 

 

 

Shares

 

 

Price

 

 

Term (years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding as of December 31, 2013

 

 

363,413

 

 

$

2.94

 

 

 

8.80

 

Options granted

 

 

1,901,476

 

 

$

0.60

 

 

 

 

 

Options assumed from PLC

 

 

68,238

 

 

$

10.24

 

 

 

 

 

Options canceled

 

 

(38,593

)

 

$

1.75

 

 

 

 

 

Options outstanding as of September 30, 2014

 

 

2,294,534

 

 

$

1.02

 

 

 

9.67

 

           

Outstanding Options

 
                           

Weighted-

 
   

Shares

           

Weighted-

   

Average

 
   

Available

   

Number

   

Average

   

Remaining

 
   

for

   

of

   

Exercise

   

Contractual

 
   

Grant

   

Shares

   

Price

   

Term (years)

 
                                 

Shares reserved at plan inception

    1,000,000       -     $ -          

Options granted

    (51,500 )     51,500       0.001          

Balances as of December 31, 2006

    948,500       51,500       0.001       9.96  

Additional shares reserved

    2,000,000       -       -          

Options granted

    (867,000 )     867,000       0.06          

Options forfeited

    5,000       (5,000 )     0.001          

Balances as of December 31, 2007

    2,086,500       913,500       0.06       9.82  

Options granted

    (72,500 )     72,500       0.06          

Balances as of December 31, 2008

    2,014,000       986,000       0.06       8.87  

Options granted

    (1,892,029 )     1,892,029       0.06          

Options exercised

    -       (322,395 )     0.06          

Options forfeited

    377,605       (377,605 )     0.06          

Balances as of December 31, 2009

    499,576       2,178,029       0.06       9.00  

Additional shares reserved

    461,957       -       -          

Options granted

    (771,412 )     771,412       0.05          

Options exercised

    -       (173,455 )     0.001          

Options forfeited

    12,500       (12,500 )     0.06          

Balances as of December 31, 2010

    202,621       2,763,486       0.06       8.40  

Additional shares reserved

    500,000       -       -          

Options granted

    (345,000 )     345,000       0.12          

Options exercised

    -       (9,000 )     0.001          

Options forfeited

    139,000       (139,000 )     0.06          

Repurchase of restricted stock options

    5,250       -                  

Balances as of December 31, 2011

    501,871       2,960,486       0.07       7.70  

Additional shares reserved

    80,000,000       -       -          

Options granted

    (43,694,521 )     43,694,521       0.01          

Options exercised

    -       (1,866,903 )     0.07          

Balances as of December 31, 2012

    36,807,350       44,788,104       0.01       9.74  

Options granted

    (11,873,890 )     11,873,890       0.01          

Options cancelled

    11,515,876       (11,515,876 )     0.01          

Balances as of December 31, 2013

    36,449,336       45,146,118     $ 0.01       8.80  
                                 

Options vested and expected to vest as of December 31, 2013

            43,338,910     $ 0.01       8.80  

Options vested as of December 31, 2013

            15,025,985     $ 0.02       8.60  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

 

 

 

 

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

 

 

Weighted-

 

 

Average

 

 

Number

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

Average

 

 

Remaining

 

 

Exercisable

 

 

Average

 

 

 

 

 

Range of

 

 

as of

 

 

Exercise

 

 

Contractual

 

 

as of

 

 

Exercise

 

 

 

 

 

Exercise Prices

 

 

September 30, 2014

 

 

Price

 

 

Term (Years)

 

 

September 30, 2014

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$0.12

 

 

 

 

320

 

 

$

0.12

 

 

 

2.21

 

 

 

320

 

 

$

0.12

 

 

 

 

 

 

$0.60

 

 

 

 

1,901,476

 

 

$

0.60

 

 

 

10.00

 

 

 

20,000

 

 

$

0.60

 

 

 

 

 

 

$1.24

 

 

 

 

314,036

 

 

$

1.24

 

 

 

8.15

 

 

 

314,036

 

 

$

1.24

 

 

 

 

 

$7.00

-

$9.00

 

 

 

59,372

 

 

$

8.63

 

 

 

8.28

 

 

 

59,372

 

 

$

8.63

 

 

 

 

 

$12.00

-

$18.63

 

 

 

19,081

 

 

$

15.29

 

 

 

6.79

 

 

 

19,081

 

 

$

15.29

 

 

 

 

 

 

$37.00

 

 

 

 

250

 

 

$

37.00

 

 

 

3.72

 

 

 

250

 

 

$

37.00

 

 

 

 

 

 

 

 

 

 

 

2,294,535

 

 

$

1.02

 

 

 

9.67

 

 

 

413,059

 

 

$

2.94

 

 

 

 

         

Options Outstanding

   

Options Vested

 
                 

Weighted-

                 
                 

Average

           

Weighted-

 
                 

Remaining

           

Average

 
 

Exercise

   

Number

   

Contractual

   

Number

   

Exercise

 
 

Price

   

Outstanding

   

Life (Years)

   

of Options

   

Price

 
                                       
  $ 0.001       40,000       2.95       40,000     $ 0.001  
    0.06       980,250       5.68       921,104       0.06  
    0.15       514,833       7.94       447,055       0.15  
    0.01       43,611,035       8.89       13,617,826       0.01  
            45,146,118       8.80       15,025,985     $ 0.02  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

Expected term (in years)

 

 

5

 

 

 

5

 

Average volatility

 

 

61%

 

 

 

67%

 

Risk-free interest rate

 

 

1.80%

 

 

 

0.87%

 

Dividend yield

 

 

0%

 

 

 

0%

 

 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

101

 

 

$

976

 

 

$

667

 

 

$

(7,016

)

General and administrative

 

 

113,245

 

 

 

15,308

 

 

 

142,976

 

 

 

73,017

 

Total

 

$

113,346

 

 

$

16,284

 

 

$

143,643

 

 

$

66,001

 

 
Employee Stock Option [Member]
   
Note 10 - Summary of Stock Options (Tables) [Line Items]    
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]  
                   

Cumulative for the Period

 
                   

September 21, 2005

 
                   

(Date of Inception) to

 
   

2012

   

2013

   

December 31, 2013

 
                         

Expected term (in years)

    5.00       5.00       5.00 - 6.25  

Expected volatility

    68 %     67 %     60% - 79 %

Risk-free interest rate

    0.76% - 0.84 %     0.84 %     0.76% - 4.7 %

Dividend yield

    0 %     0 %     0 %
Nonemployee Stock Option [Member]
   
Note 10 - Summary of Stock Options (Tables) [Line Items]    
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]  
                   

Cumulative for the Period

 
                   

September 21, 2005

 
                   

(Date of Inception) to

 
   

2012

   

2013

   

December 31, 2013

 
                         

Contractual term (in years)

    4 - 10       3 - 10       3 - 10  

Expected volatility

    68%       67%       60% - 79%  

Risk-free interest rate

    0.72% - 1.78%       0.78% - 3.04%      

0.56% - 4.7%

 

Dividend yield

    0%       0%       0%