Quarterly report pursuant to Section 13 or 15(d)

10. STOCK-BASED COMPENSATION (Tables)

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10. STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2016
Options [Member]  
Stock Option Activity
    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Years)     Aggregate Intrinsic Value  
Outstanding - December 31, 2015     9,799,036     $ 1.97       9.20     $ 57,800  
Granted     2,270,000       0.40              
Forfeited     (55,101 )     0.52              
Expired     (89,159 )     2.52              
Outstanding - September 30, 2016     11,924,776       1.67       8.68       119,000  
                                 
Total exercisable - September 30, 2016     8,640,237       1.95       8.48       105,875  
Total unvested - September 30, 2016     3,284,539       0.95       9.21       13,125  
Total vested or expected to vest - September 30, 2016     11,924,776       1.67       8.68       119,000  
Unvested Stock Options [Member]  
Stock Option Activity
    Number of Shares     Weighted Average Fair Value Per Share on Grant Date  
Unvested stock options - December 31, 2015     2,511,055     $ 1.37  
Granted     2,270,000       0.29  
Vested     (1,441,415 )     0.97  
Cancellations     (55,101 )     0.37  
Unvested stock options - September 30, 2016     3,284,539       0.79