Quarterly report pursuant to Section 13 or 15(d)

13. Stock Based Compensation (Tables)

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13. Stock Based Compensation (Tables)
9 Months Ended
Sep. 30, 2015
Stock Based Compensation Tables  
Stock option activity

A summary of stock option activity for the nine months ended September 30, 2015 is presented below:

 

    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (years)     Aggregate Intrinsic Value  
December 31, 2014     5,095,458       1.70       4.5       -  
Grants     1,100,000       0.52       4.7       -  
Cancellations     -       -       -       -  
September 30, 2015     6,195,458       1.49       3.9       -  
                                 
Options exercisable at:                                
December 31, 2014     3,095,458       2.31       4.5          
September 30, 2015     3,870,458       1.95       3.8