Quarterly report pursuant to Section 13 or 15(d)

3. Stock Based Compensation (Tables)

v3.7.0.1
3. Stock Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2017
Notes to Financial Statements  
Black-Scholes option pricing model assumptions
      Three Months ended March 31,
    2017   2016
Risk free interest rate   n/a   1.15% - 1.55%
Dividend yield   n/a   0%
Expected term   n/a   5 years
Expected volatility   n/a   34.9% - 35.0%
Options outstanding
Incentive Options   Shares     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Term     Aggregate IntrinsicValue  
Outstanding at January 1, 2017     1,313,000     $ 0.22              
  Granted     -       -              
  Exercised     -       -              
  Expired     (3,500 )     0.42              
  Forfeited     (20,000 )     0.13              
Outstanding at March 31, 2017     1,289,500     $ 0.22       4.9     $ 37,098  
Exercisable at March 31, 2017     1,269,500     $ 0.23       4.8     $ 35,898  
Nonvested Stock awards
    Shares     Weighted average grant date fair value  
Nonvested at January 1, 2017     45,000     $ 0.07  
 Granted     -          
 Vested     (5,000 )     0.08  
 Forfeited     (20,000 )     0.04  
Nonvested at March 31, 2017     20,000     $ 0.05