• Filing Date: 2014-08-14
  • Form Type: 10-Q
  • Description: Quarterly report
v2.4.0.8
6. STOCK OPTION PLAN (Details-Option activity) (Options, USD $)
6 Months Ended
Jun. 30, 2014
Options
 
Shares  
Shares outstanding - beginning 7,045,000
Shares granted 3,785,000
Shares exercised   
Shares cancelled and expired (100,000)
Shares outstanding - ending 10,730,000
Shares exercisable 10,500,832
Weighted Average Exercise Price  
Weighted average exercise price - beginning $ 0.63
Weighted average exercise price - shares granted $ 0.41
Weighted average exercise price - shares Cancelled $ 0.9
Weighted average exercise price - ending $ 0.53
Weighted average exercise price - exercisable $ 0.54
Weighted Average Remaining Contractural Term  
Weighted average contractural term - beginning 2 years 6 months 26 days
Weighted average contractural term - granted 9 years 6 months 26 days
Weighted average contractural term - ending 6 years 7 days
Weighted average contractural term - exercisable 6 years 22 days
Aggregate Intrinsic Value  
Aggregate intrinsic value - beginning $ 314,750
Aggregate intrinsic value - granted 390,000
Aggregate intrinsic value - ending 614,150
Aggregate intrinsic value - exercisable $ 614,150