Annual report pursuant to Section 13 and 15(d)

12. Stock Options (Tables)

v3.7.0.1
12. Stock Options (Tables)
 12 Months Ended
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, 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