Annual report pursuant to Section 13 and 15(d)

Schedule of Stock option activity (Tables)

v3.3.1.900
Schedule of Stock option activity (Tables)
12 Months Ended
Dec. 31, 2015
Schedule of Stock option activity (Tables):  
Schedule of Stock option activity

Exercise prices at December 31, 2012 and subsequent lower prices for the A, B, C and D warrants are as follow:

 

 

Series A

 

Series B

 

Series C

 

Series D

 December 31, 2012

 $ 1.00

 

 $ 3.00

 

 $ 0.65

 

 $ 7.00

 March 21, 2012

 $ 0.09

 

 $ 3.00

 

 $ 0.65

 

 $ 7.00

 August 21, 2012

 $ 0.09

 

 $ 0.11

 

 $ 0.65

 

 $ 7.00

 April 1, 2013

 $ 0.01

 

 $ 0.11

 

 $ 0.09

 

 $ 7.00

 June 18, 2014

 $ -

 

 $ 0.11

 

 $ -

 

 $ 1.60

Schedule of Assumptions used to value the options granted and warrants issued using the Black-Scholes option pricing model:

The following table provides the assumptions used to value the options granted and warrants issued using the Black-Scholes option pricing model:

 

 

Series E

 

Series F

 

and G

 

and H

Stock price volatility

111.60%

 

111.60%

Risk-free rate of return

4.26%

 

4.26%

Annual dividend yield

0.00%

 

0.00%

Expected life (in years)

0.5

 

3.0