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Note 10 - Summary of Stock Options (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2014
Dec. 31, 2013
Note 10 - Summary of Stock Options (Tables) [Line Items]    
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

 

 

Outstanding Options

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

Number

 

 

Average

 

 

Remaining

 

 

 

of

 

 

Exercise

 

 

Contractual

 

 

 

Shares

 

 

Price

 

 

Term (years)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding as of December 31, 2013

 

 

363,413

 

 

$

2.94

 

 

 

8.80

 

Options granted

 

 

1,901,476

 

 

$

0.60

 

 

 

 

 

Options assumed from PLC

 

 

68,238

 

 

$

10.24

 

 

 

 

 

Options canceled

 

 

(38,593

)

 

$

1.75

 

 

 

 

 

Options outstanding as of September 30, 2014

 

 

2,294,534

 

 

$

1.02

 

 

 

9.67

 

           

Outstanding Options

 
                           

Weighted

 
   

Shares

           

Weighted

   

Average

 
   

Available

   

Number

   

Average

   

Remaining

 
   

for

   

of

   

Exercise

   

Contractual

 
   

Grant

   

Shares

   

Price

   

Term (years)

 
                                 

Shares reserved at plan inception

    1,000,000       -     $ -          

Options granted

    (51,500 )     51,500       0.001          

Balances as of December 31, 2006

    948,500       51,500       0.001       9.96  

Additional shares reserved

    2,000,000       -       -          

Options granted

    (867,000 )     867,000       0.06          

Options forfeited

    5,000       (5,000 )     0.001          

Balances as of December 31, 2007

    2,086,500       913,500       0.06       9.82  

Options granted

    (72,500 )     72,500       0.06          

Balances as of December 31, 2008

    2,014,000       986,000       0.06       8.87  

Options granted

    (1,892,029 )     1,892,029       0.06          

Options exercised

    -       (322,395 )     0.06          

Options forfeited

    377,605       (377,605 )     0.06          

Balances as of December 31, 2009

    499,576       2,178,029       0.06       9.00  

Additional shares reserved

    461,957       -       -          

Options granted

    (771,412 )     771,412       0.05          

Options exercised

    -       (173,455 )     0.001          

Options forfeited

    12,500       (12,500 )     0.06          

Balances as of December 31, 2010

    202,621       2,763,486       0.06       8.40  

Additional shares reserved

    500,000       -       -          

Options granted

    (345,000 )     345,000       0.12          

Options exercised

    -       (9,000 )     0.001          

Options forfeited

    139,000       (139,000 )     0.06          

Repurchase of restricted stock options

    5,250       -                  

Balances as of December 31, 2011

    501,871       2,960,486       0.07       7.70  

Additional shares reserved

    80,000,000       -       -          

Options granted

    (43,694,521 )     43,694,521       0.01          

Options exercised

    -       (1,866,903 )     0.07          

Balances as of December 31, 2012

    36,807,350       44,788,104       0.01       9.74  

Options granted

    (11,873,890 )     11,873,890       0.01          

Options cancelled

    11,515,876       (11,515,876 )     0.01          

Balances as of December 31, 2013

    36,449,336       45,146,118     $ 0.01       8.80  
                                 

Options vested and expected to vest as of December 31, 2013

            43,338,910     $ 0.01       8.80  

Options vested as of December 31, 2013

            15,025,985     $ 0.02       8.60  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]

 

 

 

 

 

 

Options Outstanding

 

 

Options Exercisable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

 

 

Weighted

 

 

Average

 

 

Number

 

 

Weighted

 

 

 

 

 

 

 

 

 

 

Outstanding

 

 

Average

 

 

Remaining

 

 

Exercisable

 

 

Average

 

 

 

 

 

Range of

 

 

as of

 

 

Exercise

 

 

Contractual

 

 

as of

 

 

Exercise

 

 

 

 

 

Exercise Prices

 

 

September 30, 2014

 

 

Price

 

 

Term (Years)

 

 

September 30, 2014

 

 

Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

$0.12

 

 

 

 

320

 

 

$

0.12

 

 

 

2.21

 

 

 

320

 

 

$

0.12

 

 

 

 

 

 

$0.60

 

 

 

 

1,901,476

 

 

$

0.60

 

 

 

10.00

 

 

 

20,000

 

 

$

0.60

 

 

 

 

 

 

$1.24

 

 

 

 

314,036

 

 

$

1.24

 

 

 

8.15

 

 

 

314,036

 

 

$

1.24

 

 

 

 

 

$7.00

-

$9.00

 

 

 

59,372

 

 

$

8.63

 

 

 

8.28

 

 

 

59,372

 

 

$

8.63

 

 

 

 

 

$12.00

-

$18.63

 

 

 

19,081

 

 

$

15.29

 

 

 

6.79

 

 

 

19,081

 

 

$

15.29

 

 

 

 

 

 

$37.00

 

 

 

 

250

 

 

$

37.00

 

 

 

3.72

 

 

 

250

 

 

$

37.00

 

 

 

 

 

 

 

 

 

 

 

2,294,535

 

 

$

1.02

 

 

 

9.67

 

 

 

413,059

 

 

$

2.94

 

 

 

 

         

Options Outstanding

   

Options Vested

 
                 

Weighted

                 
                 

Average

           

Weighted

 
                 

Remaining

           

Average

 
 

Exercise

   

Number

   

Contractual

   

Number

   

Exercise

 
 

Price

   

Outstanding

   

Life (Years)

   

of Options

   

Price

 
                                       
  $ 0.001       40,000       2.95       40,000     $ 0.001  
    0.06       980,250       5.68       921,104       0.06  
    0.15       514,833       7.94       447,055       0.15  
    0.01       43,611,035       8.89       13,617,826       0.01  
            45,146,118       8.80       15,025,985     $ 0.02  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]

 

 

Nine Months Ended

 

 

 

September 30,

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

Expected term (in years)

 

 

5

 

 

 

5

 

Average volatility

 

 

61%

 

 

 

67%

 

Risk-free interest rate

 

 

1.80%

 

 

 

0.87%

 

Dividend yield

 

 

0%

 

 

 

0%

 

 
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]

 

 

Three Months Ended

September 30,

 

 

Nine Months Ended

September 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Research and development

 

$

101

 

 

$

976

 

 

$

667

 

 

$

(7,016

)

General and administrative

 

 

113,245

 

 

 

15,308

 

 

 

142,976

 

 

 

73,017

 

Total

 

$

113,346

 

 

$

16,284

 

 

$

143,643

 

 

$

66,001

 

 
Employee Stock Option [Member]    
Note 10 - Summary of Stock Options (Tables) [Line Items]    
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]  
                   

Cumulative for the Period

 
                   

September 21, 2005

 
                   

(Date of Inception) to

 
   

2012

   

2013

   

December 31, 2013

 
                         

Expected term (in years)

    5.00       5.00       5.00 - 6.25  

Expected volatility

    68 %     67 %     60% - 79 %

Risk-free interest rate

    0.76% - 0.84 %     0.84 %     0.76% - 4.7 %

Dividend yield

    0 %     0 %     0 %
Nonemployee Stock Option [Member]    
Note 10 - Summary of Stock Options (Tables) [Line Items]    
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]  
                   

Cumulative for the Period

 
                   

September 21, 2005

 
                   

(Date of Inception) to

 
   

2012

   

2013

   

December 31, 2013

 
                         

Contractual term (in years)

    4 - 10       3 - 10       3 - 10  

Expected volatility

    68%       67%       60% - 79%  

Risk-free interest rate

    0.72% - 1.78%       0.78% - 3.04%      

0.56% - 4.7%

 

Dividend yield

    0%       0%       0%