Quarterly report pursuant to Section 13 or 15(d)

3. Stock Based Compensation (Tables)

v3.7.0.1
3. Stock Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
Black-Scholes option pricing model assumptions
    Three Months ended June 30,      Six Months ended June 30,
  2017   2016   2017   2016
Risk free interest rate n/a   0.70% - 1.73%   n/a   0.70% - 1.73%
Dividend yield n/a   0%   n/a   0%
Expected term n/a   2-10 years   n/a   2-10 years
Expected volatility n/a   35.9% - 50.4%   n/a   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     -       -                  
  Exercised     -       -                  
  Expired     (220,500 )     0.40                  
  Forfeited     (20,000 )     0.13                  
Outstanding at June 30, 2017     1,072,500     $ 0.18       5.6     $ 128,198  
Exercisable at June 30, 2017     1,062,500     $ 0.18       5.6     $ 126,598  
Nonvested Stock awards
    Shares     Weighted average grant date fair value  
Nonvested at January 1, 2017     45,000     $ 0.07  
 Granted     -          
 Vested     (15,000 )     0.06  
 Forfeited     (20,000 )     0.04  
Nonvested at June 30, 2017     10,000     $ 0.05