Stock-Based Compensation

3 Months Ended

Mar. 31, 2015

6 — Stock-Based Compensation

Stock-based compensation was recognized as follows in the statement of operations:

	Three Months Ended March 31,
	2015		2014
	(unaudited)
Cost of revenue	$	15,721	$	959
General and administrative	116,929		56,935
Sales and marketing	127,346		95,536
Research and development	15,035		9,379
Total	$	275,031	$	162,809

As of March 31, 2015 we had $3,078,102 of total unrecognized stock-based compensation expense, which is expected to be recognized over a weighted-average period of 3.1 years.

The following table presents a summary of our stock option activity as of and for the three months ended March 31, 2015:

	Options
Outstanding beginning of period	1,945,192
Options granted	24,000
Options exercised	(158,813	)
Options canceled	—
Outstanding end of period	1,810,379

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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