General form of registration statement for all companies including face-amount certificate companies

STOCK-BASED COMPENSATION (Tables)

v3.2.0.727
STOCK-BASED COMPENSATION (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2015
Dec. 31, 2014
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
The stock-based compensation was recorded as follows:
 
Stock-based compensation included in the Consolidated Statement
of Operations:
 
Three Months Ended
March 31, 2015
 
Direct operating costs
 
$
4,640
 
General and administrative
 
 
120,996
 
Research and development
 
 
1,213
 
Total stock-based compensation expense
 
$
126,849
 
The aggregate compensation cost for RSUs recorded under the 2014 Plan was $258,878 for the year ended December 31, 2014 and recorded as follows:
 
Stock-based compensation included in the Consolidated Statement of Operations:
 
 
 
Direct operating costs
 
$
5,090
 
General and administrative
 
 
253,788
 
Total stock-based compensation expense
 
$
258,878
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]  
The following summarizes the RSU transactions under the 2014 Plan for the year ended December 31, 2014:
 
 
 
Shares
 
RSUs outstanding and unvested at January 1, 2014
 
 
-
 
RSUs granted
 
 
513,500
 
RSUs vested
 
 
-
 
RSUs forfeited
 
 
(31,250)
 
RSUs outstanding and unvested at December 31, 2014
 
 
482,250
 
Schedule of Unrecognized Compensation Cost, Nonvested Awards [Table Text Block]  
The following summarizes the RSU activity during 2014 and the amount available for grant at December 31, 2014:
 
 
 
Shares
 
Amount authorized under the 2014 Plan
 
 
1,351,000
 
RSUs issued on April 4, 2014
 
 
(217,500)
 
RSUs issued on September 15, 2014
 
 
(171,000)
 
RSUs issued during the fourth quarter, 2014 - performance based
 
 
(125,000)
 
RSUs forfeited during year
 
 
31,250
 
Amount available for grant at December 31, 2014
 
 
868,750