• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
7. OPTIONS AND WARRANTS
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
OPTIONS AND WARRANTS

The Company’s results for the years ended December 31, 2015 and 2014 include employee share-based compensation expense totaling $1,452,248 and $3,117,807, respectively. Such amounts have been included in the Statements of Operations within selling, general and administrative expenses. No income tax benefit has been recognized in the statement of operations for share-based compensation arrangements due to a history of operating losses.

 

The following table summarizes stock-based compensation expense for the years ended December 31, 2015 and 2014:

 

   Years Ended December 31, 
   2015   2014 
Employee stock based compensation-option grants  $1,223,332   $2,392,542 
Employee stock based compensation-stock grants        
Non-Employee stock based compensation-option grants   30,155    213,265 
Non-Employee stock based compensation-stock grants        
Non-Employee stock based compensation-stock warrant   198,761    512,000 
   $1,452,248   $3,117,807