Quarterly report pursuant to Section 13 or 15(d)

Employee Stock Options (Tables)

v3.4.0.3
Employee Stock Options (Tables) - Employee Stock Option [Member]
3 Months Ended
Mar. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of estimate the fair value of stock options granted

    2015
     
Expected dividend yield     0 %
Expected volatility     129 %
Risk-free interest rate     0.79 – 1.05%  
Expected life of options     2.43 – 3.43 years  
Schedule of stock option activity
     

Number of Options

Weighted

Average

Exercise Price

Contractual Life in Years

Intrinsic

Value

 Outstanding – December 31, 2015     392,500     $ 6.19     $ 2.62          
 Exercisable – December 31, 2015     355,000     $ 5.70     $ 2.55     $ 0.00  
 Granted         $ 0.00                  
 Exercised or Vested         $ 0.00                  
 Cancelled or Expired         $ 0.00                  
 Outstanding – March 31, 2016     392,500     $ 6.19       2.37          
 Exercisable – March 31, 2016     355,000     $ 5.70       2.30     $ 0.00