Annual report pursuant to Section 13 and 15(d)

Stock Based Awards (Tables)

Stock Based Awards (Tables)

12 Months Ended

Dec. 31, 2014

	Number of shares available for grant			Total options outstanding			Weighted Average Exercise Price
Balance at December 31, 2012		1,773,390			4,326,461		$	0.11
Granted		(229,318	)		229,318			0.16
Exercised					(49,319	)		0.10
Cancelled		103,560			(103,560	)		0.10
Balance at December 31, 2013		1,647,632			4,402,900			0.12
Increase in option pool		47,459,195
Options granted to merger employees		(16,542,538	)		16,542,538			0.10
Exercised					(1,087,081	)		0.11
Cancelled		258,245			(258,245	)		0.11
Balance at December 31, 2014		32,822,534			19,600,112		$	0.10

Schedule of weighted average assumptions


	Year Ended December 31, 2014
	2014			2013
Assumptions:
Risk-free interest rate		1.08 – 2.51	%		1.11	%
Expected dividend yield		0	%		0	%
Expected volatility		108	%		108	%
Expected term (in years)		6.08			6.08

Common Stock Reserved for Future Issuance


	December 31, 2014	December 31, 2013
Conversion of preferred stock	-	148,494,693
Stock options issued and outstanding	19,600,112	4,402,900
Authorized for future option grants	32,822,534	1,647,632
Warrants outstanding	26,669,000

Total	79,091,646	154,545,225

- Definition

Tabular disclosure of the freestanding option contracts issued by an entity that are indexed to, and potentially settled in, an entity's own stock. Includes disclosure on the strike price and the number of shares to which the contract is indexed, the settlement date or dates of the contract, and the issuer's accounting for the contract. If the terms of the contract provide settlement alternatives, those settlement alternatives are disclosed, including who controls the settlement alternatives, and the maximum number of shares that could be required to be issued, to net share settle the contract, if applicable. If a contract does not have a fixed or determinable maximum number of shares that could be required to be issued, the fact that a potentially infinite number of shares that may be required to be issued to settle the contract is disclosed. Disclosure also includes the contract's current fair value for each settlement alternative and how changes in the price of the issuer's equity instruments affect those settlement amounts.

+ References + Details