Quarterly report pursuant to Section 13 or 15(d)

3. Stock Based Compensation (Tables)

v3.8.0.1
3. Stock Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2017
Notes to Financial Statements  
Black-Scholes option pricing model assumptions
     

Three Months ended

September 30,

  

Nine months ended

September 30,

  
      2017 2016   2017 2016  
Risk free interest rate     1.87% n/a   1.87% 0.70% - 1.73%  
Dividend yield     0% n/a   0% 0%  
Expected term     5 years n/a   5 years 2-10 years  
Expected volatility     44.6% n/a   44.6% 34.9% - 50.4%  
Options outstanding

 

 

 

 

Incentive Options

 

 

 

 

Shares

 

Weighted-Average Exercise Price

 Weighted-Average Remaining Contractual Term

 

 

Aggregate Intrinsic

Value
Outstanding at January 1, 2017 1,313,000 $0.22    
  Granted 217,000 0.35    
  Exercised - -    
  Expired (222,000) 0.40    
  Forfeited (20,000) 0.13    
Outstanding at September 30, 2017 1,288,000 $0.21 5.3 $63,528
Exercisable at September 30, 2017 1,061,000 $0.18 5.4 $62,628
Nonvested Stock awards
   

 

 

 

Shares

 Weighted average grant date fair value
Nonvested at January 1, 2017   45,000 $0.07
 Granted   217,000 0.10
 Vested   (15,000) 0.06
 Forfeited   (20,000) 0.04
Nonvested at September 30, 2017   227,000 $0.10