Quarterly report pursuant to Section 13 or 15(d)

EQUITY TRANSACTIONS (Tables)

v3.7.0.1
EQUITY TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2017
Equity Transactions Tables  
Significant assumptions used to estimate the fair value of the equity awards
Grant date   February 3     March 28  
Fair value of options granted   $ 1.13     $ 1.35  
 Expected term (years)     6       6  
 Risk-free interest rate     2.10 %     2.11 %
 Volatility     82.53 %     76.86 %
 Dividend yield   None     None  
Summary of stock option activity
    Shares    

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining Term

(Years)

 
Outstanding at 12/31/2016     1,124,900     $ 2.15       9.0  
                         
  Granted     189,159     $ 1.15       9.9  
Outstanding at 3/31/2017     1,314,059     $ 2.01       8.95  
Exercisable at 3/31/2017     618,305     $ 4.27       8.83