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

12. Stock Options (Tables)

v3.8.0.1
12. Stock Options (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2017
Dec. 31, 2016
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     70,339                                  
Options Expired     –                                  
Balance at September 30, 2017     1,303,215     $ 2.82 - 12.00        3.24 years     $ 127,860     $ 8.11  
                                         
Exercisable December 31, 2016     452,535     $ 2.82 - 6.00        3.95 years     $ 263,375     $ 5.29  
Exercisable September 30, 2017     466,700     $ 2.82 - 6.00        3.23 years     $ 127,860     $ 5.33  
    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, 2015     1,407,775     $ 2.82 - 12.00        4.94 years     $ 58,512     $ 8.10  
Options Granted     85,088                                  
Options Exercised     –                                  
Options Cancelled     119,309                                  
Options Expired     –                                  
Balance at December 31, 2016     1,373,554     $ 2.82 - 12.00        3.99 years     $ 280,642     $ 8.14  
                                         
Exercisable December 31, 2015     100,021     $ 2.82       4.80 years     $ 58,512     $ 2.82  
Exercisable December 31, 2016     452,535     $ 2.82 - 6.00        3.95 years     $ 263,375     $ 5.29  
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
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