Share-based Compensation

3 Months Ended

Mar. 31, 2015

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Wave recognized $109,248 and $414,283 of share-based compensation during the three-months ended March 31, 2015 and 2014, respectively. During the three-month period ended March 31, 2015, Wave granted 108,000 stock options at a weighted-average estimated fair value ranging from $0.37 and $0.47. During the three-month period ended March 31, 2014, Wave granted 1,174,400 stock options at a weighted-average estimated fair value ranging from $0.54 to $0.65.

The following table summarizes the effect of share based compensation in Wave’s statement of operations, for the three-month periods ended March 31, 2015 and 2014:



	Three months ended March 31,
	2015		2014
Cost of Sales	$	3,313	$	3,920
Selling, General & Administrative	104,450		315,495
Research & Development	1,485		94,868
Total	$	109,248	$	414,283

- Definition

The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.

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