General form of registration statement for all companies including face-amount certificate companies

13. Stock Based Compensation (Tables)

v3.6.0.2
13. Stock Based Compensation (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2016
Dec. 31, 2015
Stock Based Compensation Tables    
Stock option activity
    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     2,150,000       0.55       4.6       -  
Cancellations     (525,000 )     -       -       -  
December 31, 2015     6,720,458       1.35       3.7       -  
                                 
Grants     1,475,000       0.96       4.8       -  
Cancellations     (665,000 )     -       -       -  
September 30, 2016     7,530,458       1.29       3.5       -  
                                 
Options exercisable at:                                
December 31, 2015     3,420,458       2.05       3.3          
September 30, 2016     3,955,458       1.94       3.2          

A summary of stock option activity for the years ended December 31, 2015 and 2014 is presented below:

 

    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contractual Life (years)     Aggregate
Intrinsic Value 		 
December 31, 2013     385,458       10.83       4.2       -  
Grants     4,710,000       0.95       4.5       -  
Cancellations     -       -       -       -  
December 31, 2014     5,095,458       1.70       4.5       -  
                                 
Grants     2,150,000       0.55       4.6       -  
Cancellations     (525,000 )     -       -       -  
December 31, 2015     6,720,458       1.35       3.7       -  
                                 
Options exercisable at:                                
December 31, 2014     3,095,458       2.31       4.5          
December 31, 2015     3,420,458       2.05       3.3          
Nonqualified stock options  
Alan Kelley     500,000  
John Norris     150,000  
Rich Gross     100,000  
Marc Sylvester     250,000  
Jay Rifkin     105,000  
Chris Greenberg     35,000  
      1,140,000