Annual report pursuant to Section 13 and 15(d)

Employee Stock Options (Tables)

v3.6.0.2
Employee Stock Options (Tables) - Employee Stock Option [Member]
12 Months Ended
Dec. 31, 2016
Deferred Compensation Arrangement with Individual, Share-based Payments [Line Items]  
Summarizes the assumptions of estimate the fair value stock options granted
      2016     2015    
  Expected dividend yield     0 %   0 %  
  Expected volatility     102 – 108 %   116-131 %  
  Risk-free interest rate     0.79 – 1.38 %   0.79 – 1.25 %  
  Expected life of options     2.00 – 3.00 years    

2.43 – 3.00 years

   
Summarizes the assumptions of stock option activity
      Number of Options     Weighted 
Average 
Exercise Price
    Weighted Average Remaining Contractual Life in Years     Aggregate Intrinsic 
Value
 
  Outstanding – December 31, 2014     -     $ 0.00                  
  Exercisable – December 31, 2014     -     $ 0.00             $ 0.00  
  Granted     842,500     $ 7.04                  
  Exercised or Vested     -     $ 0.00                  
  Cancelled or Expired     450,000     $ 7.78                  
  Outstanding – December 31, 2015     392,500     $ 6.19       2.62          
  Exercisable – December 31, 2015     355,000     $ 5.70       2.55     $ 0.00  
  Granted     65,000     $ 2.99                  
  Exercised or Vested     -     $ 0.00                  
  Cancelled or Expired     (15,000 )   $ 3.61                  
  Outstanding – December 31, 2016     442,500     $ 5.81       1.72          
  Exercisable – December 31, 2016     407,500     $ 5.57       1.65     $ 0.00