XML 35 R24.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 10 - Stock Options (Tables)
9 Months Ended
Sep. 30, 2016
Notes Tables  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
 
 
For the
T
hree
M
onths
E
nded
 
 
For the
Nine Months
Ended
 
 
 
September 30,
 
 
September 30,
 
 
 
2016
 
 
2015
 
 
2016
 
 
2015
 
                                       
Expected volatility
  81% - 104%       -     81% - 102%     107 - 109%  
Risk-free interest rate
  0.6% - 0.9%       -     0.9% - 1.2%     0.75 - 0.86%  
Forfeiture rate
      0%       -         0%         0%  
Dividend yield
      -       -         -         -  
Expected term (in years)
  0.1 - 3.3       -     3.1 - 3.5         3.4  
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]
 
 
Shares
 
 
Weighted Average Exercise Price
 
 
Weighted Average Remaining Contractual Term (Years)
 
 
Aggregate Intrinsic Value
 
                                 
Outstanding at December 31
, 2015
    3,485,168     $ 1.31       2.53     $ 63,067  
Granted
    3,525,000       0.78                  
Exercised
    -       -                  
Forfeited or Expired
    (2,699,500 )     0.93                  
Outstanding at September 30, 2016
    4,310,668     $ 1.11       3.12     $ 54,100  
                                 
Vested or Expected to Vest at September 30, 2016
    4,310,668     $ 1.11       3.12     $ 54,100  
Exercisable at September 30, 2016
    2,042,832     $ 1.23       1.92     $ 31,600  
Schedule of Nonvested Share Activity [Table Text Block]
 
 
Number of Shares
 
 
Weighted-Average Grant-Date Fair Value
 
                 
Non-vested at December 31, 2015
    1,323,669     $ 1.22  
Granted
    3,525,000       0.28  
Vested
    (1,401,333 )     0.55  
Forfeited or Expired
    (1,179,500 )     0.53  
Non-vested at September 30, 2016
    2,267,836     $ 0.53