Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.8.0.1
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2017
Workers Compensation Discount [Abstract]  
Summary of share-based compensation activity
Common stock option and restricted stock award activity under the Plan was as follows:
 
 
 
 
 
Options and RSAs Outstanding
 
 
 
Shares Available
 
Number of
 
Weighted Average Exercise
 
 
 
for Grant
 
Shares
 
Price Per Share
 
Balance at December 31, 2016
 
 
175,046
 
 
514,772
 
$
2.77
 
Options granted
 
 
-
 
 
-
 
$
-
 
Options forfeited
 
 
-
 
 
-
 
$
-
 
Options expired
 
 
27,244
 
 
(27,244)
 
$
15.80
 
Balance at September 30, 2017
 
 
202,290
 
 
487,528
 
$
2.04
 
Total vested and expected to vest shares (options)
 
 
 
 
 
487,528
 
$
2.04
 
Total vested shares (options)
 
 
 
 
 
280,742
 
$
2.37
 
Outstanding options
The following table summarizes information with respect to stock options outstanding at September 30, 2017:
 
Options Outstanding
 
Options Vested
 
 
 
 
 
Weighted- 
 
 
 
 
 
Weighted- 
 
 
 
 
 
Average
 
Weighted- 
 
 
 
Average
 
Exercise
 
 
 
Remaining
 
Average
 
 
 
Exercise
 
Price Per
 
Shares
 
Contractual
 
Exercise
 
Shares
 
Price Per
 
Share
 
Outstanding
 
Life (Years)
 
Price
 
Exercisable
 
Share
 
$
1.41
 
 
305,000
 
 
8.81
 
$
1.41
 
 
120,840
 
$
1.41
 
$
3.10
 
 
182,528
 
 
7.48
 
$
3.10
 
 
159,902
 
$
3.10
 
 
 
 
 
487,528
 
 
8.31
 
$
2.04
 
 
280,742
 
$
2.37
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
There were no stock options granted during the nine months ended September 30, 2017. For the nine months ended September 30, 2016, the fair value of employee stock options granted was estimated using the following weighted-average assumptions:
 
Expected volatility
 
 
68
%
Risk free rate
 
 
1.18
%
Dividend yield
 
 
0
%
Expected term (in years)
 
 
5.70
 
Schedule Of Stock Based Compensation Of Employees And Non Employees
Stock-based compensation for employees and non-employees related to options and RSAs recognized:
 
 
 
For the three months ended Sept. 30
 
For the nine months ended Sept. 30
 
 
 
2017
 
2016
 
2017
 
2016
 
General and administrative
 
$
85,776
 
$
152,170
 
$
334,797
 
$
545,626