Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION PLANS (Tables)

v2.4.1.9
SHARE-BASED COMPENSATION PLANS (Tables)
3 Months Ended
Mar. 31, 2015
Share-Based Compensation [Abstract]  
Schedule of common stock options
   
Number
of Stock
Options
   
Weighted
Average
Exercise Price
 
Options outstanding at January 1, 2015
    943,834     $ 1.25  
Granted
    300,000     $ 1.37  
Exercised
    --       --  
Canceled/Forfeited
    --       --  
Options outstanding at March 31, 2015
    1,243,834     $ 1.28  
Options exercisable at March 31, 2015
    --     $ 1.28  
Schedule of option valuation assumptions
Vesting commencement date:
 
January 30, 2016
Expected volatility:
 
60%
Expected dividend yield:
 
0%
Expected life (in years):
 
3 years
Weighted average risk free rate:
 
0.88%