Note 6. 2006 Non-Qualified Stock and Option Compensation Plan and Amended and Restated 2008 Long Term Incentive Compensation Plan

2006 Non-Qualified Stock and Option Compensation Plan

The Company has a 2006 Non-Qualified Stock and Option Compensation Plan (the “2006 Plan”). Under the 2006 Plan, there are no stock options outstanding as of September 30, 2015 and December 31, 2014. All remaining outstanding options expired in December 2013.

Amended and Restated 2008 Long-Term Incentive Compensation Plan

Total Authorized under the plan	56,000,000
Shares issued in prior years	(1,951,031	)
Shares issued in 2015	(1,533,107	)
Options exercised	(2,382,110	)
Outstanding options	(40,179,525	)
Available for grant at September 30, 2015 (unaudited):	9,954,227

During the first nine months of 2015, the Company issued 1,533,107 shares with a legend and/or freely tradable shares to various senior staff, directors and officers under the 2008 Plan, in conjunction with their willingness to receive all or part of their cash compensation for the fourth quarter of 2014 and first half year of 2015 in shares of the Company.

Stock option activity is set forth below:

Options:	Number of Options			Weighted Average Exercise Price
Outstanding as of December 31, 2014		40,056,080		$	1.32
Granted in 2015		11,055,184		$	0.60
Exercised (with delivery of shares)		(8,668	)	$	0.68
Forfeitures (Pre-vesting)		(6,833,912	)	$	1.08
Expirations (Post-vesting)		(4,089,159	)	$	1.70
Outstanding as of September 30, 2015 (unaudited)		40,179,525		$	1.22

At September 30, 2015, the unrecognized expense portion of stock-based awards granted to employees under the 2008 Plan was approximately $5,056,060, compared to $10,939,973 for the same period in 2014, under the provisions of ASC 718. The future expensing will take place proportionally to the vesting associated with each stock-award, adjusted for cancellations, forfeitures and returns. If there are any modifications or cancellations of the underlying unvested awards, we may be required to accelerate, increase or cancel any remaining unearned stock-based compensation expense.