Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v2.4.1.9
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2014
Stock-Based Compensation [Abstract]  
Summary Of Stock Compensation Expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

 

2014

2013

Statement of operations line item:

 

 

 

 

General and administrative

$

457,128 

$

503,076 

Research and development

 

151,667 

 

62,352 

 

 

 

 

 

Total

$

608,795 

$

565,428 

 

Schedule Of Assumptions Made In Calculating The Fair Value Of Options

 

 

 

 

 

 

 

 

 

 

 

Year Ended December 31,

 

2014

2013

Black-Scholes weighted average assumptions

 

 

 

 

Expected dividend yield

%

%

Expected volatility

92-96

%

94-96

%

Risk free interest rate

1.49-1.75

%

0.75-1.75

%

Expected term (in years)

5 years

 

5 years

 

 

Summary Of Employee And Non-Employee Transactions

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2014

 

 

2013

 

Number of Options

Weighted Average Exercise Price

Number of Options

Weighted Average Exercise  Price

Outstanding at

 

 

 

 

 

 

January 1

9,356,795 

$

0.92 
7,741,795 

$

1.03 

Granted

2,528,499 

 

0.96 
2,450,000 

 

0.39 

Exercised

(448,693)

 

0.80 
(375,000)

 

0.24 

Expired

(35,795)

 

0.24 
(375,000)

 

0.52 

Cancelled

 -

 

 -

(85,000)

 

0.80 

 

 

 

 

 

 

 

Outstanding at December 31

11,400,806 

$

0.93 
9,356,795 

$

0.92 

 

Summary Of Stock Options Outstanding

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number of Options

Weighted Average Exercise Price

Weighted Average Remaining Contractual Term

Aggregate Intrinsic Value

Outstanding at

 

 

 

 

 

 

December 31, 2014

11,400,806

$

0.93 

5.2 years

$

842,300 

 

 

 

 

 

 

 

Exercisable at

 

 

 

 

 

 

December 31, 2014

8,167,307 

$

0.97 

3.6 years

$

613,550 

 

 

 

 

 

 

 

Outstanding at

 

 

 

 

 

 

December 31, 2013

9,356,795 

$

0.92 

4.8 years

$

350,865 

 

 

 

 

 

 

 

Exercisable at

 

 

 

 

 

 

December 31, 2013

7,956,795 

$

0.99 

4.0 years

$

199,795 

 

Summary Of Unvested Shares

 

 

 

 

 

 

 

 

 

2014

 

Number of  Options

Weighted Average Fair Value at Grant Date

Unvested at January 1, 2014

1,400,000 

$

0.34 

Granted

2,528,499 

$

0.69 

Vested

(695,000)

$

0.41 

Cancelled

 -

$

 -

 

 

 

 

Unvested at December 31, 2014

3,233,499 

$

0.60