Annual report pursuant to Section 13 and 15(d)

SHARE-BASED BENEFIT PLANS (Tables)

v3.3.1.900
SHARE-BASED BENEFIT PLANS (Tables)
12 Months Ended
Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of unvested common stock options
The following table summarizes information related to our common stock options:
 
Number
of Stock
Options
 
Weighted
Average
Exercise Price
Weighted Average Remaining Contractual Term
(in years)
Aggregate Instrinsic Value
Options outstanding at January 1, 2015
943,834

 
$
1.25

 
 
Granted
620,000

 
$
1.44

 
 
Exercised

 

 
 
Canceled/Forfeited

 

 
 
Options outstanding at December 31, 2015
1,563,834

 
$
1.33

9.05
$
537,610

Options exercisable at December 31, 2015
235,959

 
$
1.25

8.91
$
99,103

Schedule of option valuation assumptions
Option valuation weighted-average assumptions were as follows:

 
For the year ended December 31,
 
2015
2014
Expected volatility
51.3%
60.0%
Expected dividend yield
—%
—%
Expected term (in years)
4.4 years
3.0 years
Weighted average risk free rate
1.34%
0.88%