Annual report pursuant to Section 13 and 15(d)

Stock Based Awards (Tables)

v3.7.0.1
Stock Based Awards (Tables)
 12 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Summary of Stock Option Transactions

The following table summarizes stock option transactions for the 2007 and 2015 Plans for the year ended December 31, 2016 (amounts in thousands, except per share amounts):

 

      Number of
shares
available
for grant 		    Total
options
outstanding 		    Weighted
Average
Exercise
Price 		    Aggregate
Intrinsic
Value 		 
Balance at December 31, 2015       29,668       43,071      $ 0.48      $ 17,867  
Exercised       -       (20 )     0.15       -  
Granted       -       -        -        -  
Cancelled       18,700       (18,700 )     0.70       -  
Balance at December 31, 2016       48,368       24,351     $ 0.30     $ 5,457  

Schedule of Weighted Average Assumptions Used

The Black-Scholes option pricing model includes the following weighted average assumptions:

 

    2015     2014  
Assumptions:            
Risk-free interest rate       1.66 - 2.08 %     1.08 – 2.51 %
Expected dividend yield     0 %     0 %
Expected volatility       78 - 108 %     108 %
Expected terms (in years)       5.00 - 6.50       6.08  

Schedule of Common Stock Reserved for Future Issuance

The following table present information concerning common stock available for future issuance (in thousands):

 

    December 31,  
    2016     2015  
             
Stock options issued and outstanding     24,351       43,071  
Authorized for future option grants     48,368       29,485  
Warrants outstanding     6,275       8,280  
                 
Total     78,994       80,836