Quarterly report pursuant to Section 13 or 15(d)

10. Stock Options (Tables)

v3.7.0.1
10. Stock Options (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock option activity
   

Options

Outstanding

Number of

Shares

   

Exercise Price

per Share

   

Weighted

Average

Remaining

Contractual

Life

   

Aggregate

Intrinsic Value

   

Weighted

Average

Exercise Price

per Share

 
Balance at December 31, 2016     1,373,554     $ 2.82 - 12.00        3.99 years     $ 280,642     $     8.14  
Options Granted                                      
Options Exercised                                      
Options Cancelled     16,087                                  
Options Expired                                      
Balance at June 30, 2017     1,357,467     $ 2.82 - 12.00        3.49 years     $ 63,013     $ 8.14  
                                         
Exercisable December 31, 2016     452,535     $ 2.82 - 6.00        3.95 years     $ 263,375     $ 5.29  
Exercisable June 30, 2017     467,534     $ 2.82 - 6.00        3.48 years     $ 59,012     $ 5.33  
Assumptions used
Exercise Price $2.82 - $12.00
Dividend Yield 0%
Volatility 100% - 137%
Risk-free interest rate 0.89% - 1.25%
Expected life of options 2.5 - 3.5 years