Quarterly report pursuant to Section 13 or 15(d)

12. Stock Based Compensation (Tables)

v3.4.0.3
12. Stock Based Compensation (Tables)
3 Months Ended
Mar. 31, 2016
Stock Based Compensation Tables  
Stock option activity
    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     2,150,000       0.55       4.6       -  
Cancellations     (525,000 )     -       -       -  
December 31, 2015     6,720,458       1.35       3.7       -  
                                 
Cancellations     (165,000 )     -       -       -  
March 31, 2016     6,555,458       1.36       3.6       -  
                                 
Options exercisable at:                                
December 31, 2015     3,420,458       2.05       3.3          
March 31, 2016     3,255,458       2.09       3.2