STOCKHOLDERS' EQUITY (Q3) (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2015

Dec. 31, 2014

Warrants outstanding and number of shares of common stock subject to exercise

The following table summarizes the warrants outstanding and the number of shares of Common Stock subject to exercise as of September 30, 2015 and the changes therein during the nine months then ended:

		Number of Shares of Common Stock Subject to Exercise	Weighted – Average Exercise Price
Balance as of December 31, 2014		1,676,401	$ 1.14
	Warrants issued	194,118	$ 0.85
	Warrants exercised	(392,857)	$ 0.35
	Warrants cancelled	(357,155)	$ 2.85
Balance as of September 30, 2015		1,120,507	$ 0.82

The following table summarizes the warrants outstanding and the number of shares of common stock subject to exercise as of December 31, 2014 and the changes therein during the two years then ended:

		Number of Shares of Common Stock Subject to Exercise	Weighted – Average Exercise Price
Balance as of December 31, 2012		2,041,165	$ 0.98

	Warrants issued	4,445,714	0.56
	Warrants exercised (1)	(1,571,428)	0.35
	Warrants cancelled	(250,000)	0.35
Balance as of December 31, 2013		4,665,451	$ 0.82

	Warrants issued	80,000	1.20
	Warrants exercised	(3,000,000)	0.60
	Warrants cancelled	(69,050)	3.22
Balance as of December 31, 2014 (1)		1,676,401	$ 1.14

(1)

As part of the June 2012 Note, Inter-Mountain received a total of seven warrants to purchase, if they all had vested, an aggregate of 3,142,857 shares of Common Stock, which number of shares could increase based upon the terms and conditions of the warrants. The warrants have an exercise price of $0.35 per share, subject to certain pricing adjustments, and are exercisable, subject to vesting provisions and ownership limitations, until June 27, 2017. Warrants for 785,714, 392,857, 392,857, and 392,857 shares of Common Stock vested on June 27, 2012, December 31, 2012, February 26, 2013, and July 15, 2013, respectively, and three warrants totaling 1,571,428 shares of Common Stock were exercised in 2013. Such issuance of shares of Common Stock following the cashless exercise of three warrants by Inter-Mountain during 2013 was based upon an agreement in December 2013 with Inter-Mountain modifying the formula in the Warrants for determining the number of shares to be issued upon a cashless exercise. On January 22, 2014, we elected to offset and deduct the three remaining Investor Notes from the principle amount due to Inter-Mountain under the June 2012 Note and as a result of the offset and deduction the three remaining warrants terminated. For the purposes of this Table, only such vested shares of Common Stock from one unexercised warrant (392,857 shares) have been included, based upon an exercise price of $0.35 per share of Common Stock.

Expiration dates for warrants subject to exercise

Of the warrant shares subject to exercise as of September 30, 2015, expiration of the right to exercise is as follows:

Date of Expiration		Number of Warrant Shares of Common Stock Subject to Expiration
	June 13, 2016	35,000
	July 16, 2016	116,667
	July 28, 2016	34,722
	March 14, 2018	660,000
	January 15, 2019	80,000
	April 30, 2020	194,118
	Total	1,120,507

Of the warrant shares subject to exercise as of December 31, 2014, expiration of the right to exercise is as follows:

Date of Expiration		Number of Warrant Shares of Common Stock Subject to Expiration
	May 15, 2015	357,155
	June 13, 2016	35,000
	July 16, 2016	116,667
	July 28, 2016	34,722
	June 27, 2017	392,857
	March 14, 2018	660,000
	January 15, 2019	80,000
	Total	1,676,401

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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