Stock-Based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2014
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Stock-Based Compensation [Abstract] |
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Summary Of Stock Compensation Expense |
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Year Ended December 31,
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2014
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2013
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Statement of operations line item:
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General and administrative
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$
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457,128
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$
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503,076
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Research and development
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151,667
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62,352
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Total
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$
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608,795
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$
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565,428
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Schedule Of Assumptions Made In Calculating The Fair Value Of Options |
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Year Ended December 31,
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2014
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2013
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Black-Scholes weighted average assumptions
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Expected dividend yield
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0
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%
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0
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%
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Expected volatility
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92-96
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%
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94-96
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%
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Risk free interest rate
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1.49-1.75
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%
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0.75-1.75
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%
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Expected term (in years)
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5 years
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5 years
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Summary Of Employee And Non-Employee Transactions |
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2014
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2013
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Number of Options
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Weighted Average Exercise Price
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Number of Options
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Weighted Average Exercise Price
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Outstanding at
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January 1
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9,356,795
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$
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0.92
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7,741,795
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$
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1.03
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Granted
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2,528,499
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0.96
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2,450,000
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0.39
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Exercised
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(448,693)
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0.80
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(375,000)
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0.24
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Expired
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(35,795)
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0.24
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(375,000)
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0.52
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Cancelled
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-
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-
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(85,000)
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0.80
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Outstanding at December 31
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11,400,806
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$
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0.93
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9,356,795
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$
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0.92
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Summary Of Stock Options Outstanding |
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Number of Options
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Weighted Average Exercise Price
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Weighted Average Remaining Contractual Term
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Aggregate Intrinsic Value
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Outstanding at
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December 31, 2014
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11,400,806
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$
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0.93
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5.2 years
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$
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842,300
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Exercisable at
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December 31, 2014
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8,167,307
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$
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0.97
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3.6 years
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$
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613,550
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Outstanding at
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December 31, 2013
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9,356,795
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$
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0.92
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4.8 years
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$
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350,865
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Exercisable at
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December 31, 2013
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7,956,795
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$
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0.99
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4.0 years
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$
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199,795
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Summary Of Unvested Shares |
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2014
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Number of Options
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Weighted Average Fair Value at Grant Date
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Unvested at January 1, 2014
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1,400,000
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$
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0.34
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Granted
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2,528,499
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$
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0.69
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Vested
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(695,000)
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$
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0.41
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Cancelled
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-
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$
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-
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Unvested at December 31, 2014
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3,233,499
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$
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0.60
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