Quarterly report pursuant to Section 13 or 15(d)

11. Stock Options (Tables)

v3.5.0.2
11. Stock Options (Tables)
 6 Months Ended
Jun. 30, 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     4,223,208       $0.94 - $4.00       4.94 years     $ 58,512     $ 2.70  
Options Granted     –                                  
Options Exercised     –                                  
Options Cancelled     165,879       $0.94 - $4.00                          
Options Expired     –                                  
Balance at June 30, 2016     4,057,329               4.44 years     $ 636,872     $ 2.70  
                                         
Exercisable December 31, 2015     300,061       $0.94       4.80 years     $ 58,512     $ 0.94  
Exercisable June 30, 2016     300,061       $0.94       4.30 years     $ 369,074     $ 0.94  
Assumptions used
Exercise Price $0.94 - $4.00
Dividend Yield 0%
Volatility 134% - 137%
Risk-free interest rate 0.89% - 1.25%
Expected life of options 2.5 - 3.5 years