9. STOCK-BASED COMPENSATION (Tables)
|
6 Months Ended |
Jun. 30, 2017 |
|---|
| Stock Option Activity |
| |
|
Number
of Shares |
|
|
Weighted
Average Exercise Price |
|
|
Weighted
Average Remaining Contract Term (Years) |
|
|
Aggregate
Intrinsic Value |
|
| Outstanding - December 31, 2016 |
|
|
12,841,000 |
|
|
$ |
1.57 |
|
|
|
8.54 |
|
|
$ |
415,135 |
|
| Granted |
|
|
9,147,000 |
|
|
|
0.37 |
|
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Cancelled/Forfeited (1) |
|
|
6,525,280 |
|
|
|
2.50 |
|
|
|
– |
|
|
|
– |
|
| Expired |
|
|
14,722 |
|
|
|
0.69 |
|
|
|
– |
|
|
|
– |
|
| Outstanding - June 30, 2017 |
|
|
15,447,998 |
|
|
|
0.47 |
|
|
|
8.34 |
|
|
|
145,625 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total exercisable - June 30, 2017 |
|
|
10,969,781 |
|
|
|
0.51 |
|
|
|
7.98 |
|
|
|
96,802 |
|
| Total unvested - June 30, 2017 |
|
|
4,478,217 |
|
|
|
0.37 |
|
|
|
9.22 |
|
|
|
48,823 |
|
| Total vested or expected to vest - June 30, 2017 |
|
|
15,447,998 |
|
|
|
0.47 |
|
|
|
8.34 |
|
|
|
145,625 |
|
| |
(1) |
The number of options cancelled/forfeited includes options cancelled in connection with the
Exchange Program (see below). |
|
| Nonvested Stock Option Activity |
| |
|
|
Number
of Shares |
|
|
Weighted
Average Fair Value Per Share on Grant Date |
|
| |
|
|
|
|
|
|
|
| |
Unvested
stock options - December 31, 2016 |
|
|
|
3,724,233 |
|
|
$ |
0.63 |
|
| |
Granted |
|
|
|
9,147,000 |
|
|
|
0.17 |
|
| |
Vested |
|
|
|
(1,867,736 |
) |
|
|
0.34 |
|
| |
Cancellations |
|
|
|
(6,525,280 |
) |
|
|
0.46 |
|
| |
Unvested stock options -
June 30, 2017 |
|
|
|
4,478,217 |
|
|
|
0.44 |
|
|
| Options Outside the Amended 2013 Plan [Member] |
|
| Stock Option Activity |
| |
|
Number
of Shares |
|
|
Weighted
Average Exercise Price |
|
|
Weighted
Average Remaining Contract Term (Years) |
|
|
Aggregate
Intrinsic Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding - December 31, 2016 |
|
|
2,750,000 |
|
|
$ |
0.37 |
|
|
|
9.77 |
|
|
$ |
170,500 |
|
| Granted |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Forfeited |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Expired |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Outstanding - June 30, 2017 |
|
|
2,750,000 |
|
|
|
0.37 |
|
|
|
9.27 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total exercisable - June 30, 2017 |
|
|
2,750,000 |
|
|
|
0.37 |
|
|
|
9.27 |
|
|
|
– |
|
| Total unvested - June 30, 2017 |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Total vested or expected to vest - June 30, 2017 |
|
|
2,750,000 |
|
|
|
0.37 |
|
|
|
9.27 |
|
|
|
– |
|
|
| RSU activity outside of Amended 2013 Plan [Member] |
|
| Stock Option Activity |
| |
|
Number
of Shares |
|
|
Weighted
Average Exercise Price |
|
|
Weighted
Average Remaining Contract Term (Years) |
|
|
Aggregate
Intrinsic Value |
|
| Outstanding - December 31, 2016 |
|
|
– |
|
|
$ |
– |
|
|
|
– |
|
|
$ |
– |
|
| Granted |
|
|
1,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
400,000 |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Forfeited |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Expired |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Outstanding - June 30, 2017 |
|
|
1,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
399,500 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total exercisable - June 30, 2017 |
|
|
1,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
399,500 |
|
| Total unvested - June 30, 2017 |
|
|
1,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
399,500 |
|
| Total vested or expected to vest - June 30, 2017 |
|
|
1,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
399,500 |
|
|
| Nonvested Stock Option Activity |
| |
|
|
Number
of Shares |
|
|
Weighted
Average Fair Value Per Share on Grant Date |
|
| |
Unvested RSU's - December
31, 2016 |
|
|
|
– |
|
|
$ |
– |
|
| |
Granted |
|
|
|
1,000,000 |
|
|
|
0.40 |
|
| |
Vested |
|
|
|
(1,000,000 |
) |
|
|
0.40 |
|
| |
Cancellations |
|
|
|
– |
|
|
|
– |
|
| |
Unvested RSU's - June 30,
2017 |
|
|
|
– |
|
|
|
– |
|
|