Quarterly report pursuant to Section 13 or 15(d)

EMPLOYEE STOCK OPTIONS (Tables)

v2.4.0.8
EMPLOYEE STOCK OPTIONS (Tables)
 6 Months Ended
Jun. 30, 2013
EMPLOYEE STOCK OPTIONS (Tables)  
Stock option activity and changes

A summary of the stock option activity as of June 30, 2013 and changes during the six months then ended is as follows:

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

Weighted-

 

Average

 

 

 

 

 

 

 

Average

 

Remaining

 

Aggregate

 

 

 

 

 

Exercise

 

Contractual

 

Intrinsic

 

 

 

Shares

 

Price

 

Term

 

Value

Outstanding, December 31, 2012

1,125,000

$

2.37

 

 

 

 

Granted

 

 

1,585,000

 

4.66

 

 

 

 

Forfeited

 

 

(137,500)

 

2.55

 

 

 

 

Exercised

 

 

(10,000)

 

2.00

 

 

 

 

Outstanding, June 30, 2013

2,562,500

$

3.78

 

9.0 Years

$

12,283,140

Exercisable, June 30, 2013

212,500

$

2.12

 

6.5 Years

$

1,411,500

 
Weighted-average assumptions used for options granted

Expected volatility

 

128% - 138%

Weighted-average volatility

 

137%

Expected dividends

 

0

Expected term (in years)

 

6.5

Risk-free interest rate

 

0.76% - 1.49%