9. STOCK-BASED COMPENSATION (Tables)
|
9 Months Ended |
Sep. 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 |
|
|
10,002,000 |
|
|
|
0.37 |
|
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Cancelled/Forfeited (1) |
|
|
(6,921,253 |
) |
|
|
2.38 |
|
|
|
– |
|
|
|
– |
|
| Expired |
|
|
(253,747 |
) |
|
|
0.46 |
|
|
|
– |
|
|
|
– |
|
| Outstanding - September 30, 2017 |
|
|
15,668,000 |
|
|
|
0.47 |
|
|
|
8.15 |
|
|
|
146,417 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total exercisable - September 30, 2017 |
|
|
11,648,174 |
|
|
|
0.51 |
|
|
|
7.81 |
|
|
|
108,026 |
|
| Total unvested - September 30, 2017 |
|
|
4,019,826 |
|
|
|
0.36 |
|
|
|
9.16 |
|
|
|
38,390 |
|
| Total
vested or expected to vest - September 30, 2017 |
|
|
15,668,000 |
|
|
|
0.47 |
|
|
|
8.15 |
|
|
|
146,417 |
|
|
| 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 |
|
|
10,002,000 |
|
|
|
0.15 |
|
| Vested |
|
|
(2,785,154 |
) |
|
|
0.34 |
|
| Cancellations |
|
|
(6,921,253 |
) |
|
|
0.32 |
|
| Unvested stock options
- September 30, 2017 |
|
|
4,019,826 |
|
|
|
0.39 |
|
|
| 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 |
|
|
4,500,000 |
|
|
|
0.37 |
|
|
|
– |
|
|
|
– |
|
| Exercised |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Forfeited |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Expired |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Outstanding - September 30, 2017 |
|
|
7,250,000 |
|
|
|
0.37 |
|
|
|
9.04 |
|
|
|
– |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total exercisable - September 30, 2017 |
|
|
7,250,000 |
|
|
|
0.37 |
|
|
|
9.04 |
|
|
|
– |
|
| Total unvested -September 30, 2017 |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Total
vested or expected to vest - September 30, 2017 |
|
|
7,250,000 |
|
|
|
0.37 |
|
|
|
9.04 |
|
|
|
– |
|
|
| 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 and vested |
|
|
2,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
700,000 |
|
| Forfeited |
|
|
– |
|
|
|
– |
|
|
|
– |
|
|
|
– |
|
| Outstanding - September 30, 2017 |
|
|
2,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
699,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total exercisable - September 30, 2017 |
|
|
2,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
699,000 |
|
| Total unvested - September 30, 2017 |
|
|
2,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
699,000 |
|
| Total
vested or expected to vest - September 30, 2017 |
|
|
2,000,000 |
|
|
|
– |
|
|
|
– |
|
|
|
699,000 |
|
|
| Nonvested Stock Option Activity |
|
|
Number
of
Shares |
|
|
Weighted
Average
Fair Value
Per Share
on Grant Date |
|
| Unvested RSU's - December 31, 2016 |
|
|
– |
|
|
$ |
– |
|
| Granted |
|
|
2,000,000 |
|
|
|
0.40 |
|
| Vested |
|
|
(2,000,000 |
) |
|
|
0.30 |
|
| Cancellations |
|
|
– |
|
|
|
– |
|
| Unvested RSU's - September 30, 2017 |
|
|
– |
|
|
|
– |
|
|