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Stock Option Plans (Tables)
6 Months Ended
Jun. 30, 2014
Summary of Option Activity for Employees and Non-Employees

A summary of option activity for employees under the plans and changes during the six months ended June 30, 2014, is presented below:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Aggregate

 

 

Number

 

 

Averaged

 

 

Remaining

 

 

Intrinsic

 

 

of

 

 

Exercise

 

 

Contractual

 

 

Options

 

 

Options

 

 

Price $

 

 

Life (Years)

 

 

Value $

 

Outstanding, January 1, 2014

 

1,484,499

 

 

 

1.03

 

 

 

2.88

 

 

 

996,554

 

Granted

 

6,024

 

 

 

1.65

 

 

 

4.75

 

 

 

 

Exercised

 

135,000

 

 

 

0.48

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

Outstanding, June 30, 2014

 

1,355,523

 

 

 

1.09

 

 

 

2.61

 

 

 

1,102,022

 

Exercisable, June 30, 2014

 

1,004,232

 

 

 

1.03

 

 

 

2.19

 

 

 

874,649

 

 

A summary of option activity for non-employees under the plans and changes during the six months ended June 30, 2014, is presented below:

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

Aggregate

 

 

Number

 

 

Averaged

 

 

Remaining

 

 

Intrinsic

 

 

of

 

 

Exercise

 

 

Contractual

 

 

Options

 

 

Options

 

 

Price $

 

 

Life (Years)

 

 

Value $

 

Outstanding, January 1, 2014

 

173,332

 

 

 

0.48

 

 

 

0.59

 

 

 

210,833

 

Granted

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

135,000

 

 

 

0.28

 

 

 

 

 

 

 

Forfeited or expired

 

 

 

 

 

 

 

 

 

 

 

Outstanding, June 30, 2014

 

38,332

 

 

 

1.20

 

 

 

0.66

 

 

 

26,999

 

Exercisable, June 30, 2014

 

38,332

 

 

 

1.20

 

 

 

0.66

 

 

 

26,999