Annual report pursuant to Section 13 and 15(d)

9. Stock Options and Warrants (Tables)

v3.7.0.1
9. Stock Options and Warrants (Tables)
 12 Months Ended
Dec. 31, 2016
Stock Options And Warrants Tables  
Fair values of option awards granted
  2016   2015
Risk free interest rate 0.70% - 1.73%   1.61% - 1.97%
Dividend yield 0%   0%
Expected term 2-10 years   5-10 years
Expected volatility 34.9 – 50.4%   41.2 – 54.2%
Options issued under foregoing option plans
    Options outstanding  
    Number of shares     Weighted average exercise price per share  
Balance at December 31, 2014     1,264,000     $ 0.26  
  Options granted     20,000       0.20  
  Options expired or forfeited     (91,000 )     0.42  
Balance at December 31, 2015     1,193,000       0.24  
  Options granted     285,000       0.24  
  Options expired or forfeited     (165,000 )     0.42  
Balance at December 31, 2016     1,313,000     $ 0.22  
Summary information about options
  Options outstanding     Options exercisable  
  Total shares    

 

Weighted average exercise price

     Weighted average remaining contractual life in years    

 

Aggregate intrinsic value

     Total shares     Weighted average exercise price     Weighted average remaining contractual life in years     Aggregate intrinsic value  
    1,313,000     $ 0.22       5.19     $ 695       1,268,000     $ 0.22       5.06     $ 695  
Nonvested stock awards
    Nonvested  
    Number of shares     Weighted average grant date fair value  
Balance at December 31, 2015     49,500     $ 0.07  
Granted     285,000       0.04  
Vested     (254,500 )     0.04  
Expired before Vesting     (35,000 )     0.05  
Balance at December 31, 2016     45,000     $ 0.07