Annual report pursuant to Section 13 and 15(d)

9. Stock Options and Warrants (Tables)

v3.8.0.1
9. Stock Options and Warrants (Tables)
 12 Months Ended
Dec. 31, 2017
Stock Options And Warrants Tables  
Fair values of option awards granted
    2017   2016
Risk-free interest rate   1.87% - 2.06%   0.70%- 1.73%
Dividend yield   0%   0%
Expected term   5 years   2-10 years
Expected volatility   44.6% - 47.0%   34.9% - 50.4%
Options issued under foregoing option plans
        Options outstanding            
          Weighted average   Weighted average
          exercise price   remaining

Incentive Options

   Shares     per share  

contractual term
Outstanding at January 1, 2017       1,313,000     $ 0.22    
Options granted     222,000       0.35    
Options exercised     -       -    
Options expired     (222,000 )     0.40    
Options forfeited     (25,000 )     0.14    
Outstanding at December 31, 2017       1,288,000     $ 0.21  

5 years, 1 month
Exercisable at December 31, 2017       1,056,000     $ 0.18  

5 years, 1 month
Nonvested stock awards
    Nonvested  
          Weighted average  
          grant date  
    Shares     fair value  
Nonvested at January 1, 2017     45,000     $ 0.07  
Granted     222,000       0.10  
Vested     (15,000 )     0.06  
Forfeited     (25,000 )     0.05  
Nonvested at December 31, 2017     227,000     $ 0.10