Quarterly report pursuant to Section 13 or 15(d)

EQUITY TRANSACTIONS (Tables)

v3.7.0.1
EQUITY TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 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     $    0.7992           $     0.9114
 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       9.62  
Outstanding at 6/30/2017     1,314,059     $ 2.01       8.70  
Exercisable at 6/30/2017     668,490     $ 3.95       8.44