Quarterly report pursuant to Section 13 or 15(d)

10. STOCK-BASED COMPENSATION (Details - Option activity)

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10. STOCK-BASED COMPENSATION (Details - Option activity) - Jun. 30, 2015 - Options - USD ($)
Total
Share-based compensation activity  
Options outstanding, beginning balance 6,470,000
Options outstanding, granted 370,000
Options outstanding, exercised 0
Options outstanding, forfeited (90,556)
Options outstanding, expired 0
Options outstanding, ending balance 6,749,444
Options outstanding, exercisable 4,178,991
Options outstanding, unvested 2,570,453
Options outstanding, vested or expected to vest 6,749,444
Weighted average exercise price, beginning balance $ 2.70
Weighted average exercise price, granted 1.66
Weighted average exercise price, exercised 0
Weighted average exercise price, forfeited 2.82
Weighted average exercise price, expired 0
Weighted average exercise price, ending balance 2.64
Weighted average exercise price, exercisable 2.67
Weighted average exercise price, unvested 2.59
Weighted average exercise price, vested or expected to vest $ 2.64
Weighted average remaining contract term, ending term 9 years 5 months 1 day
Weighted average remaining contract term, exercisable 9 years 5 months 1 day
Weighted average remaining contract term, unvested 9 years 4 months 28 days
Weighted average remaining contract term, vested or expected to vest 9 years 5 months 1 day
Aggregate intrinsic value, ending balance $ 0
Aggregate intrinsic value, exercisable 0
Aggregate intrinsic value, unvested 0
Aggregate intrinsic value, vested or expected to vest $ 0