Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.3.0.814
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 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 nine months ended September 30, 2015:
 
Stock-based compensation included in the Condensed Consolidated
 
Three Months Ended
 
Nine Months Ended
 
Statement of Operations:
 
September 30, 2015
 
September 30, 2015
 
 
 
 
 
 
 
 
 
Direct operating costs
 
$
6,483
 
$
18,594
 
General and administrative
 
 
159,537
 
 
457,832
 
Research and development
 
 
6,690
 
 
20,535
 
Total stock-based compensation expense
 
$
172,710
 
$
496,961
 
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 nine months ended September 30, 2015:
 
Outstanding and unvested at January 1, 2014
 
 
-
 
Granted
 
 
513,500
 
Vested
 
 
-
 
Forfeited
 
 
(31,250)
 
Outstanding and unvested at December 31, 2014
 
 
482,250
 
Granted
 
 
221,600
 
Vested
 
 
(188,368)
 
Forfeited
 
 
(113,750)
 
Outstanding and unvested at September 30, 2015
 
 
401,732