Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.2.0.727
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2015
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 following table summarizes the components of share-based compensation expense for the three and six months ended June 30, 2015:
 
 
 
Three Months Ended
 
Six Months Ended
 
 
 
June 30, 2015
 
June 30, 2015
 
Stock-based compensation included in the Condensed Consolidated Statement of Operations:
 
 
 
 
 
 
 
Direct operating costs
 
$
7,364
 
$
12,113
 
General and administrative
 
 
177,178
 
 
298,298
 
Research and development
 
 
12,592
 
 
13,847
 
Total stock-based compensation expense
 
$
197,134
 
$
324,258
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
The following table summarizes the RSU transactions under the 2014 Plan for the year ended December 31, 2014 and the six months ended June 30, 2015:
 
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
 
RSUs granted
 
221,600
 
RSUs vested
 
(72,500)
 
RSUs forfeited
 
(90,475)
 
RSUs outstanding and unvested at June 30, 2015
 
540,875