Common Stock Options (Tables)

3 Months Ended

Mar. 31, 2016

Common Stock Options Tables

Stock Option Activity

The following table summarizes stock option activity for the period ended March 31, 2016:

	Options Outstanding		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Balance January 1, 2016		257,500	$	1.04		8.58	$	267,800
Options granted		180,000	$	1.91		9.76	$	30,600
Balance March 31, 2016		437,500	$	1.40		9.06	$	297,775
Exercisable at March 31, 2016		340,000	$	1.40		9.52	$	232,225

Assumption of stock option activity

	2016
Weighted average risk-free interest rate		1.41	%
Expected life in years		5.5
Weighted Avg. Expected Volatility		92.2	%
Expected dividend yield		0	%