Quarterly report pursuant to Section 13 or 15(d)

14. Options

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14. Options
9 Months Ended
Sep. 30, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options

Options Granted

No options were granted during the nine months ended September 30, 2016.

 

The Company recognized a total of $473,472, and $465,876 of compensation expense during the nine months ended September 30, 2016 and 2015, respectively, on common stock options issued to Employees and Directors that are being amortized over the implied service term, or vesting period, of the options. The remaining unamortized balance of these options is $1,018,748 as of September 30, 2016.

 

Options Exercised

No options were exercised during the nine months ended September 30, 2016 and 2015.

 

Options Forfeited

No options were forfeited during the nine months ended September 30, 2016 and 2015.