Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.8.0.1
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2017
Equity [Abstract]  
Schedule of Share-Based Compensation Activity
Number of
Options Outstanding and Exercisable
 
Number of RSUs
Outstanding
 
 
 
 
 
 
 
Outstanding 2013 & 2014 Plans – December 31, 2016
 
1,607,347

 
Non vested - December 31, 2016
 
185,260

Options granted
 
165,000

 
Shares granted
 
376,212

Options exercised
 
(141,840
)
 
Shares vested
 
(99,426
)
Options forfeited
 
(10,000
)
 
Shares forfeited
 

Options expired
 

 
Shares expired
 

Outstanding – September 30, 2017
 
1,620,507

 
Non Vested & Outstanding - September 30, 2017
 
462,046

Exercisable – September 30, 2017
 
1,255,822

 
 
 
 
Schedule of Weighted-Average Black-Scholes Option Pricing Model Assumptions
The assumptions used in the Black-Scholes option-pricing model and the weighted-average grant date fair value of the option awards for the periods presented were as follows:
 
Nine Months Ended September 30,
 
2017
 
2016
Volatility
 
132% - 141%
 
 
149% - 152%
Expected term (in years)
 
6
 
 
7
Risk-free rate
 
1.82% - 2.19%
 
 
1.22% - 1.26%
Expected dividend yield
 
0%
 
 
0%
Weighted-average grant date fair value per option
$
1.45 - 3.32
 
$
0.96 - 1.15