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Stock-Based Compensation
9 Months Ended
Sep. 30, 2014
Stock-Based Compensation [Abstract]  
Stock-Based Compensation

Note 12 - Stock-Based Compensation

 

Pursuant to the Merger agreement, all granted and outstanding options of Kogeto Tech were cancelled. We do not currently have a stock option plan in effect.

 

There was no stock-based compensation recorded for the three months ended June 30, 2014 and September 30, 2014, respectively. We recorded stock-based compensation of $248,439 for the three months ended March 31, 2014. This includes the net value of $167,385 for the 1,354,821 shares of our common stock issued in the Merger received by holders of all the outstanding options as of December 31, 2013. The net value of $167,385 was calculated by subtracting the cumulative stock-based compensation expense of $211,965 for these outstanding options from the value of the 1,354,821 shares of our common stock at $0.28 per share or $379,350. Also included in stock-based compensation for the three months ended March 31, 2014 is the value of the 289,478 shares of our common stock at $0.28 per share equaling $81,054 that was given to previous holders of stock options.

 

We recorded stock-based compensation of $33,496 and $100,486 for the three and nine months ended September 30, 2013, respectively, for employees, directors and consultants.