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Stock Options (Tables)
9 Months Ended
Sep. 30, 2015
Stock Options Tables  
Stock options outstanding and exercisable
   

Number of Share

Options

   

Weighted Average

Exercise Price

   

Weighted Average

Remaining

Contractual Term in Years

   

Aggregate

Intrinsic Value(1)

 
Outstanding at December 31, 2014     8,641,000     $ 0.06       2.03     $                —  
Granted         $           $  —  
Exercised         $           $  —  
Forfeited or Cancelled     (280,000)     $           $        —  
Outstanding at September 30, 2015     8,361,000     $ 0.05       1.33     $    —  
Exercisable at September 30, 2015     211,000     $ 1.13       4.60     $                     —  
Vested and expected to vest (2)     8,361,000     $ 0.05       1.33     $                     —  

 

(1)  

Aggregate intrinsic value represents the value of the closing price per share of our common stock on the last trading day of the fiscal period in excess of the exercise price multiplied by the number of options outstanding or exercisable, except for the “Exercised” line, which uses the closing price on the date exercised.

 

(2)   Number of shares includes options vested and those expected to vest net of estimated forfeitures.
Unvested share activity
   

Unvested

Number of

Options

   

Weighted

Average

Grant Date Fair

Value

 
Unvested balance at December 31, 2014     8,192,000     $ 0.01  
Granted         $  
Vested     (42,000 )   $ 0.04  
Forfeited         $  
Unvested balance at September 30, 2015     8,150,000     $ 0.01