Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v2.4.0.8
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2014
Stockholders' Equity [Abstract]  
Schedule of Stock Option Activity
The following table summarizes the Company's stock option activity for the six months ended June 30, 2014:
 
 
   
Number of
Options
   
Weighted
Average Exercise
Price
   
Weighted
Average
Remaining
Contractual Life
(in Years)
   
Aggregate
Intrinsic Value
 
Outstanding - December 31, 2013
   
-
   
$
-
     
-
   
$
0
 
Granted
   
187,000
     
3.45
                 
Exercised
   
-
     
-
                 
Forfeited or Canceled
   
(4,000
)
   
(3.45
)
               
Outstanding - June 30, 2014
   
183,000
   
$
3.45
     
9.8
   
$
113,460
 
                                 
Exercisable - June 30, 2014
   
-
     
-
     
-
   
$
-
 

Summary of Unvested Stock Option Activity
A summary of the changes in the Company's unvested stock options is as follows:

   
Number of
Options
   
Weighted
Average Grant
Date Fair Value
 
Unvested - December 31, 2013
   
-
   
$
-
 
Granted
   
187,000
     
1.65
 
Vested
   
-
     
-
 
Forfeited or Canceled
   
(4,000
)
   
1.65
 
Unvested - June 30, 2014
   
183,000
   
$
1.65
 

Schedule of Stock Option Fair Value Assumptions
These options had a fair value of $308,350 using the Black-Sholes option-pricing model with the following assumptions:

Risk-free interest rate
    2.02 %
Expected dividend yield
    0.00 %
Expected volatility
    48.14 %
Expected term
 
6 years