Quarterly report pursuant to Section 13 or 15(d)

12. Stock Based Compensation (Tables)

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12. Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2015
Stock Based Compensation Tables  
Stock option activity

A summary of stock option activity for the quarter ended March 31, 2015 is presented below:

 

    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (years)     Aggregate Intrinsic Value  
December 31, 2014     5,095,458       1.70       4.5       -  
Grants     250,000       0.61       4.7       -  
Cancellations     -       -       -       -  
March 31, 2015     5,345,458       1.65       4.2       -  
                                 
Options exercisable at:                                
December 31, 2014     3,095,458       2.31       4.3          
March 31, 2015     3,095,458       2.31       4.0