Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.7.0.1
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of automatic additions to the 2010 Plan

The following table presents the automatic additions to the 2010 Plan since inception pursuant to the “evergreen” terms of the 2010 Plan:

 

January 1,   Number of
shares
 
2012     30,018  
2013     34,452  
2014     49,532  
2015     65,557  
2016     220,419  
2017     151,477  
Total additional shares     551,455  
Schedule of stock options

Options issued and outstanding as of March 31, 2017 and their activities during the three months then ended are as follows: 

 

    Number of
Underlying
Shares
    Weighted-
Average
Exercise Price
Per Share
    Weighted-
Average
Contractual
Life Remaining
in Years
    Aggregate
Intrinsic Value
 
Outstanding as of January 1, 2017     378,924     $ 26.25             $ -  
Granted     5,000       1.35               -  
Forfeited     (3,167 )     15.00               -  
Expired     (19,081 )     25.05                  
Outstanding as of March 31, 2017     361,676       21.45       8.10     $ -  
Exercisable as of March 31, 2017     200,371       31.65       7.52     $ -  
Vested and expected to vest     361,676     $ 21.45       8.10     $ -