Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.6.0.2
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2016
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, 2016
1,563,834

 
$
1.33

 
 
Granted
494,116

 
$
1.70

 
 
Exercised

 

 
 
Canceled/Forfeited

 

 
 
Options outstanding at December 31, 2016
2,057,950

 
$
1.42

8.38
$
2,025,090

Options exercisable at December 31, 2016
741,994

 
$
1.31

8.02
$
808,311

Schedule of option valuation assumptions
Option valuation weighted-average assumptions were as follows:
 
For the year ended December 31,
 
2016
 
2015
Expected volatility
43.87%
 
51.3%
Expected dividend yield
—%
 
—%
Expected term (in years)
1.85
 
4.4
Weighted average risk free rate
1.41%
 
1.34%