Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED BENEFIT PLANS (Tables)

v3.2.0.727
SHARE-BASED BENEFIT PLANS (Tables)
6 Months Ended
Jun. 30, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity
The following table summarizes information related to our common stock options, all of which remain unvested as of June 30, 2015.
 
Number
of Stock
Options
 
Weighted
Average
Exercise Price
Options outstanding at January 1, 2015
943,834

 
$
1.25

Granted
620,000

 
$
1.44

Exercised

 

Canceled/Forfeited

 

Options outstanding at June 30, 2015
1,563,834

 
$
1.33

Options exercisable at June 30, 2015

 
$
1.33

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
Option valuation assumptions for the options granted during the second quarter were as follows:
Vesting commencement date:
 
May 5, 2016
Expected volatility:
 
43.2%
Expected dividend yield:
 
—%
Expected life (in years):
 
5.66
Weighted average risk free rate:
 
1.78%