XML 38 R22.htm IDEA: XBRL DOCUMENT v3.3.1.900
Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2015
Equity [Abstract]  
Schedule of Options Granted

Stock option activity under the 2005 and 2015 Plans are as follows:

 

 

 

Number of
Options

 

 

Weighted Average
Exercise Price

 

 

Weighted Average Remaining Contractual
Life

 

 

Aggregate Intrinsic Value

2005 Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maximum number of shares under the plan

 

3,000,000

 

 

 

 

 

  

 

 

 

 

 

 

 

Outstanding, December 31, 2013

 

694,520

 

 

$

0.35

 

 

 

3.1 years

 

 

 

$

211,100

Granted in 2014

 

377,500

 

 

 

0.84

 

 

 

 

 

 

 

 

 

Exercised in 2014

 

(102,958

)

 

 

0.41

 

 

 

 

 

 

 

 

 

Cancelled/Expired in 2014

 

(50,093

)

 

 

0.51

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2014

 

918,969

 

 

$

0.53

 

 

 

4.4 years

 

 

 

$

374,600

Granted in 2015

 

0

 

 

 

0.00

 

 

 

 

 

 

 

 

 

Exercised in 2015

 

(160,956

)

 

 

0.26

 

 

 

 

 

 

 

 

 

Cancelled/Expired in 2015

 

(81,500

)

 

 

0.24

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

 

676,513

 

 

$

0.63

 

 

 

4.7 years

 

 

 

$

525,300

Exercisable, December 31, 2015

 

351,832

 

 

$

0.51

 

 

 

3.3 years

 

 

 

$

317,000

Available for issuance, December 31, 2015

 

0

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2015 Plan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Maximum number of shares under the plan

 

2,000,000

 

 

 

 

 

  

 

 

 

 

 

 

 

Outstanding, December 31, 2014

 

0

 

 

$

0.00

 

 

 

 

 

 

 

 

 

Granted in 2015

 

716,500

 

 

 

1.27

 

 

 

 

 

 

 

 

 

Exercised in 2015

 

0

 

 

 

0.00

 

 

 

 

 

 

 

 

 

Cancelled/Expired in 2015

 

0

 

 

 

0.00

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

 

716,500

 

 

$

1.27

 

 

 

8.4 years

 

 

 

$

102,140

Exercisable, December 31, 2015

 

93,972

 

 

$

1.26

 

 

 

6.8 years

 

 

 

$

13,994

Available for issuance, December 31, 2015

 

1,283,500

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Summary of Additional Information Related to the Options Outstanding

A summary of additional information related to the options outstanding as of December 31, 2015 under the 2005 and 2015 Plans are as follows:

 

2005 Plan Range of Exercise Prices

  

Number of Options

 

Weighted Average Remaining Contractual
Life

 

 

Weighted Average Exercise
Price

 

$0.17-$0.39

  

126,875

 

1.3 years

 

1.2 years

 

$

0.23

 

$0.40-$0.62

 

152,138

 

2.4 years

 

$

0.45

$0.63-$0.86

 

397,500

 

6.7 years

 

$

0.83

Total

 

676,513

 

4.7 years

 

$

0.63

 

 

 

 

 

 

 

 

2015 Plan Range of Exercise Prices

 

 

 

 

 

 

 

$1.25

 

616,500

 

8.9 years

 

$

1.25

$1.38

 

100,000

 

4.7 years

 

$

1.38

Total

 

716,500

 

8.3 years

 

$

1.27