Quarterly report pursuant to Section 13 or 15(d)

Stock Option Plans (Tables)

v3.2.0.727
Stock Option Plans (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Summary of Option Activity for Employees and Non-Employees

A summary of option activity for employees under the plans and changes during the six months ended June 30, 2015, is presented below:

 

     Number of
Options
     Weighted
Averaged
Exercise
Price $
     Weighted
Average
Remaining
Contractual
Life (Years)
     Aggregate
Intrinsic
Options
Value $
 

Outstanding, January 1, 2015

     1,472,130         1.33         3.23         1,430,231   

Granted

     157,306         3.01         4.68         90,000   

Exercised

     —           —           —           —     

Forfeited or expired

     —           —           —           —     

Outstanding, June 30, 2015

     1,629,436         1.49         2.92         3,139,574   

Exercisable, June 30, 2015

     1,077,520         1.14         2.29         2,442,794   

A summary of option activity for non-employees under the plans and changes during the six months ended June 30, 2015, is presented below:

 

     Number
of
Options
     Weighted
Averaged
Exercise
Price $
     Weighted
Average
Remaining
Contractual
Life (Years)
     Aggregate
Intrinsic
Options
Value $
 

Outstanding, January 1, 2015

     16,666         1.27         0.62         17,166   

Granted

     —           —           —           —     

Expired

     —           —           —           —     

Exercised

     8,333         1.53         —           —     

Outstanding, June 30, 2015

     8,333         1.01         0.44         19,916   

Exercisable, June 30, 2015

     8,333         1.01         0.44         19,916