Quarterly report pursuant to Section 13 or 15(d)

10. STOCK-BASED COMPENSATION (Details - Unvested)

v3.2.0.727
10. STOCK-BASED COMPENSATION (Details - Unvested) - 6 months ended Jun. 30, 2015 - Unvested Stock Options - $ / shares
Total
Unvested stock options, beginning balance 3,421,131
Unvested options granted 370,000
Unvested options vested (1,130,122)
Unvested options forfeited (90,556)
Unvested stock options, ending balance 2,570,453
Weighted average exercise price, beginning balance $ 2.31
Weighted average fair value per share on grant date, granted 1.35
Weighted average fair value per share on grant date, vested 2.28
Weighted average fair value per share on grant date, forfeited 2.50
Weighted average exercise price, ending balance $ 2.20