General form of registration statement for all companies including face-amount certificate companies

9. STOCK-BASED COMPENSATION (Tables)

v3.2.0.727
9. STOCK-BASED COMPENSATION (Tables)
 3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
STOCK OPTION ACTIVITY
    Number of
Shares 		    Weighted
Average 
Exercise
Price 		    Weighted 
Average
Remaining
Contract Term 
(Years) 		    Aggregate
Intrinsic
Value 		 
Outstanding - December 31, 2014     6,470,000     $ 2.70                  
Granted     –       –                  
Exercised     –       –                  
Forfeited     (80,000 )   $ 2.82                  
Expired     –       –                  
Outstanding - March 31, 2015     6,390,000     $ 2.70       9.64     $ –  
Total exercisable - March 31, 2015     3,530,250     $ 2.66       9.68     $ –  
Total unvested - March 31, 2015     2,859,750     $ 2.74       9.59     $ –  
Total vested or expected to vest - March 31, 2015     6,390,000     $ 2.70       9.64     $ –  
    Number of Shares     Weighted Average Exercise Price     Weighted Average Remaining Contract Term (Years)     Aggregate
Intrinsic Value		  
                         
Outstanding - December 31, 2013     –       –                  
Granted     6,470,000     $ 2.70                  
Exercised     –       –                  
Forfeited     –       –                  
Expired     –       –                  
Outstanding - December 31, 2014     6,470,000     $ 2.70       9.88     $ –  
                                 
Total exercisable - December 31, 2014     3,048,869     $ 2.66       9.93     $ –  
Total unvested - December 31, 2014     3,421,131     $ 2.74       9.84     $ –  
Total vested or expected to vest - December 31, 2014     6,470,000     $ 2.70       9.88     $ –  
NONVESTED STOCK OPTIONS

    Number of Shares     Weighted Average Fair Value Per Share on Grant Date  
Unvested stock options - December 31, 2014     3,421,131     $ 2.31  
Granted     –       –  
Vested     (481,381 )     2.19  
Forfeited     (80,000 )     2.50  
Unvested stock options - March 31, 2015     2,859,750     $ 2.33  
    Number of Shares     Weighted Average Fair Value Per Share on Grant Date  
             
Unvested stock options - December 31, 2013     –     $ –  
Granted     6,470,000       2.22  
Vested     3,048,869       2.11  
Forfeited     –       –  
Unvested stock options - December 31, 2014     3,421,131     $ 2.31  
Fair value awards  
    Employees Weighted Average   Non-Employees Weighted Average
         
Volatility   103.48%   96.69%
Risk-Free Interest Rate   1.81%   2.31%
Expected Term   5.32   10.00
Dividend Rate   0.00%   0.00%
Fair Value Per Share on Grant Date   $2.21   $2.45