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STOCK OPTIONS (Tables)
6 Months Ended
Jun. 30, 2016
STOCK OPTIONS  
Summary of stock option activity

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

 

Average

 

Remaining

 

 

 

 

 

 

Number of

 

Exercise

 

Contractual

 

Aggregate

 

 

    

Options

    

Price

    

Term

    

Intrinsic Value

 

Outstanding at January 1, 2016

 

5,107,000

 

$

0.57

 

 

 

 

 

 

Exercised

 

(784,000)

 

$

0.21

 

 

 

 

 

 

Forfeited or expired

 

(50,000)

 

$

0.20

 

 

 

 

 

 

Outstanding at March 31, 2016

 

4,273,000

 

$

0.63

 

 

 

 

 

 

Exercised

 

(1,470,879)

 

$

0.39

 

 

 

 

 

 

Outstanding and exercisable at June 30, 2016

 

2,802,121

 

$

0.76

 

2.61

 

$

1,282,440

 

 

Summary of nonvested stock options

 

 

 

 

 

 

 

 

 

 

 

Weighted-Average

 

 

 

Number of

 

Grant-Date

 

 

    

Options

    

Fair Value

 

Nonvested at January 1, 2016

 

990,000

 

 

0.16

 

Vested

 

(990,000)

 

 

0.16

 

Nonvested at June 30, 2016

 

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