Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.1.9
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2015
Stockholders' Equity Note [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table represents stock option activity for the three months ended March 31, 2015:
 
 
 
 
 
 
 
 
 
Weighted Average
 
 
 
 
 
 
Stock Options
 
Exercise Price
 
Fair Value
 
Contractual
 
Aggregate
 
 
 
Outstanding
 
Exercisable
 
Outstanding
 
Exercisable
 
Vested
 
Life (Years)
 
Intrinsic Value
 
Balance – December 31, 2014
 
 
2,609,811
 
 
459,437
 
$
0.38
 
$
0.17
 
$
0.17
 
 
9.57
 
$
-
 
Granted
 
 
786,696
 
 
786,696
 
 
1.00
 
 
1.00
 
 
0.38
 
 
1.27
 
 
-
 
Exercised
 
 
(55,548)
 
 
(55,548)
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Cancelled
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
 
-
 
Balance – March 31, 2015
 
 
3,340,959
 
 
1,360,374
 
$
0.62
 
$
0.31
 
$
0.31
 
 
7.55
 
$
2,458,311
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table summarizes information on stock options outstanding and exercisable as of March 31, 2015:
 
 
 
 
 
 
 
Weighted
 
Weighted
 
 
 
Weighted
 
Exercise
 
Number
 
Average Remaining
 
Average
 
Number
 
Average
 
Price
 
Outstanding
 
Contractual Term
 
Exercise Price
 
Exercisable
 
Exercise Price
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
$
0.05
 
 
72,876
 
 
7.01
 
$
0.05
 
 
57,693
 
$
0.05
 
$
0.26
 
 
1,061,248
 
 
9.03
 
$
0.26
 
 
529,867
 
$
0.26
 
$
0.73
 
 
1,475,687
 
 
9.63
 
$
0.73
 
 
41,666
 
$
0.73
 
$
1.00
 
 
731,148
 
 
1.27
 
$
1.00
 
 
731,148
 
$
1.00
 
Totals
 
 
3,340,959
 
 
 
 
 
 
 
 
1,360,374