| 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, 2015 |
|
|
27,752,315 |
|
|
$ |
0.51 |
|
|
|
8.02 |
|
|
$ |
1,963,523 |
|
| Exercisable January 1, 2015 |
|
|
26,156,553 |
|
|
$ |
0.50 |
|
|
|
7.95 |
|
|
$ |
1,962,239 |
|
| Canceled |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
6,456,890 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(41,851 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding December 31, 2015 |
|
|
34,167,354 |
|
|
$ |
0.47 |
|
|
|
6.57 |
|
|
$ |
974,066 |
|
| Exercisable December 31, 2015 |
|
|
34,167,354 |
|
|
$ |
0.47 |
|
|
|
6.57 |
|
|
$ |
974,066 |
|
| Canceled |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
6,156,580 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
(3,501,965 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding December 31, 2016 |
|
|
36,821,969 |
|
|
$ |
0.41 |
|
|
|
5.94 |
|
|
$ |
301,273 |
|
| Exercisable December 31, 2016 |
|
|
36,771,969 |
|
|
$ |
0.41 |
|
|
|
5.94 |
|
|
$ |
299,273 |
|
|
| Schedule of Non-vested Shares Granted Under Stock Option Plan |
A summary of the Company’s
non-vested options for the year ended December 31, 2016 and 2015, are presented below:
| Non-vested at January 1, 2015 |
|
|
1,595,762 |
|
| Granted |
|
|
6,456,890 |
|
| Vested |
|
|
(8,052,652 |
) |
| Forfeited |
|
|
- |
|
| Non-vested at December 31, 2015 |
|
|
- |
|
| Granted |
|
|
6,156,580 |
|
| Vested |
|
|
(6,106,580 |
) |
| Forfeited |
|
|
- |
|
| Non-vested at December 31, 2016 |
|
|
50,000 |
|
|