Registration of securities issued in business combination transactions

Stock Option Plans (Tables)

v3.3.0.814
Stock Option Plans (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2015
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Stock Option Activity

A summary of stock option activity is as follows:

 

    Options     Weighted average exercise price     Weighted average remaining contractual term in years     Aggregate intrinsic value  
Outstanding January 1, 2014     15,290,486     $ 0.07       3.89     $ 305,810  
Exercisable January 1, 2014     15,290,486     $ 0.07       3.89     $ 305,810  
Canceled     (15,290,486 )                        
Granted     27,756,821-                          
Exercised     (4,506 )                        
Forfeited     -                          
Outstanding December 31, 2014     27,752,315     $ 0.51       8.02     $ 1,963,523  
Exercisable December 31, 2014     26,156,553     $ 0.50       7.95     $ 1,962,239  
Canceled     -                          
Granted     5,365,729                          
Exercised     -       -                  
Forfeited     -                          
Outstanding September 30, 2015     33,118,044     $ 0.47       6.87     $ 3,418,084  
Exercisable September 30, 2015     33,118,044     $ 0.47       6.87     $ 3,418,084  

A summary of stock option activity is as follows:

 

    Options     Weighted
average
exercise price
    Weighted
average
remaining
contractual
term in years
    Aggregate
intrinsic value
 
Outstanding January 1, 2013     15,290,486     $ 0.07       3.89     $ 358,662  
Exercisable January 1, 2013     14,524,861     $ 0.07       3.75     $ 332,052  
Granted     -                          
Exercised     -                          
Forfeited     -                          
Outstanding December 31, 2013     15,290,486     $ 0.07       3.89     $ 305,810  
Exercisable December 31, 2013     15,290,486     $ 0.07       3.89     $ 305,810  
Canceled     (15,290,486 )                        
Granted     27,756,821                          
Exercised     (4,506 )                        
Forfeited     -                          
Outstanding December 31, 2014     27,752,315     $ 0.51       8.02     $ 1,963,523  
Exercisable December 31, 2014     26,156,553     $ 0.50       7.95     $ 1,962,239  

Schedule of Non-vested Shares Granted Under Stock Option Plan

A summary of the Company’s non-vested options for the nine-months ended September 30, 2015 and year ended December 31, 2014, are presented below:

 

Non-vested at January 1, 2014     -  
Granted     27,756,821  
Vested     (26,156,553 )
Exercised     (4,506 )
Forfeited     -  
Non-vested at December 31, 2014     1,595,762  
Granted     5,365,729  
Vested     (6,961,491 )
Exercised     -  
Forfeited     -  
Non-vested at September 30, 2015     -  

A summary of the Company’s non-vested options for the years ended December 31, 2014 and 2013, is presented below:

 

Non-vested at January 1, 2013     765,625  
Granted     -  
Vested     (765,625 )
Forfeited     -  
Non-vested at December 31, 2013     -  
Granted     27,756,821  
Vested     (26,156,553 )
Exercised     (4,506 )
Forfeited     -  
Non-vested at December 31, 2014     1,595,762  

Schedule of Fair Value Assumptions

The range of fair value assumptions related to options outstanding as of September 30, 2015 and December 31, 2014, were as follows:

 

    September 30, 2015     December 31, 2014  
    (Unaudited)        
Dividend yield     0.0%       0.0%  
Risk-free rate     0.12% - 1.47%       0.12% - 1.47%  
Expected volatility     112% - 170%       112% - 170%  
Expected term     1.1 - 5.5 years       1.1 - 5.5 years  

The range of fair value assumptions related to options outstanding as of December 31, 2014 and 2013, were as follows:

 

    December 31, 2014     December 31, 2013  
Dividend yield     0.0 %     0.0 %
Risk-free rate     0.12% - 1.47 %     0.92% - 5.15 %
Expected volatility     112% - 170 %     116% - 170 %
Expected term     1.1 - 5.5 years       2.5 - 7.5 years