Stockholders Deficit (Tables)

9 Months Ended

Sep. 30, 2017

A summary of the Plan’s stock option activity is as follows:

	Number of Shares			Weighted- Average Exercise Price Per Share		Weighted- Average Remaining Contractual Life (Years)		Aggregate Intrinsic Value
Balance at December 31, 2016		1,161,705		$	3.35	7.7		$	36,887
Granted		474,000			2.10
Exercised		(41,815	)	2.68				$	152,130
Forfeited		(54,758	)		2.78
Expired/Cancelled		(6,153	)		10.08
Balance at September 30, 2017		1,532,979		$	2.98		7.8	$	-
Exercisable at September 30, 2017		803,458		$	3.32		6.6	$	-

As of September 30, 2017, there was total unrecognized compensation expense of $1,266,892 related to unvested stock options, which the Company expects to recognize over a weighted-average period of approximately 1.74 years.

Summary of RSU Plans Activity

A summary of the Plan’s RSU activity is as follows:

	Restricted Stock Units (RSU)			Weighted- Average Grant Date Fair Value Per Share
Balance at December 31, 2016		355,499		$	2.41
Granted		10,000			1.75
Vested		(328,000	)		2.45
Forfeited		(2,500	)		2.46
Balance at September 30, 2017		34,999		$	1.91

Summary of Stock-Based Compensation

Stock-based compensation expense recorded in the condensed statements of operations for the three and nine months ended September 30, 2017 and 2016 was as follows:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2017			2016	2017		2016
Selling, general and administrative	$	251,924	$	166,167	$	826,098	$	399,760
Research and development		79,619		49,891		261,083		117,681
Cost of revenue		25,862		13,860		84,807		34,613
	$	357,405	$	229,918	$	1,171,988	$	552,054