Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.4.0.3
Stockholders' Equity (Tables)
 3 Months Ended
Mar. 31, 2016
Stockholders' Equity Note [Abstract]  
Schedule of Stockholders' Equity Note, Warrants or Rights

A summary of warrants activity during three months ended March 31, 2016 is presented below:

 

    Number of
Warrants 		    Weighted
Average
Exercise Price 		    Weighted
Average
Remaining
Life in Years 		    Intrinsic
Value 		 
Outstanding, December 31, 2015     1,382,186     $ 2.10                  
Issued     98,378       2.50                  
Exercised     -       -                  
Cancelled     -       -                  
Outstanding, March 31, 2016     1,480,564     $ 2.24       3.03     $ 392,177  
                                 
Exercisable, March 31, 2016     1,480,564     $ 2.24       3.03     $ 392,177  
Schedule of Share-based Compensation, Equity Instruments Other than Options, by Exercise Price Range

A summary of outstanding and exercisable warrants as of March 31, 2016 is presented below:

 

Warrants Outstanding     Warrants Exercisable  
Exercise Price     Exercisable Into   Outstanding
Number of
Warrants 		    Weighted
Average
Remaining
Life In Years 		    Exercisable
Number of
Warrants 		 
$ 2.00     Common Stock     394,935       4.2       394,935  
$ 2.30     Preferred Stock     973,544       2.3       973,544  
$ 2.50     Common Stock     112,085       4.9       112,085  
        Total     1,480,564               1,480,564  

  
Schedule of Share-based Compensation, Stock Options, Activity

A summary of options activity during the three months ended March 31, 2016 is presented below:

 

    Number of
Options 		    Weighted
Average
Exercise Price
Warrants 		    Weighted
Average
Remaining
Life In Years 		    Intrinsic
Value 		 
Outstanding, December 31, 2015     8,939,436     $ 2.70                  
Granted     -       -                  
Exercised     -       -                  
Expired     -       -                  
Forfeited     (43,750 )     2.32                  
Outstanding, March 31, 2016     8,895,686     $ 2.70       2.6     $ 747,015  
                                 
Exercisable, March 31, 2016     5,539,304     $ 2.94       1.8     $ 73,358  

 
Schedule of Share-based Compensation, Shares Outstanding under Stock Option Plans, by Exercise Price Range

The following table presents information related to stock options at March 31, 2016:

 

Options Outstanding     Options Exercisable  
Exercise
Price 		    Outstanding
Number of
Options 		    Weighted
Average
Remaining
Life In Years 		    Exercisable
Number of
Options 		 
$ 2.20       2,166,890       -       -  
  2.48       4,847,375       2.6       3,667,883  
  3.30       10,000       -       -  
  3.50       25,000       2.2       25,000  
  3.85       1,846,421       0.3       1,846,421  
          8,895,686       1.8       5,539,304