Quarterly report pursuant to Section 13 or 15(d)

NOTE 9 - OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Tables)

v3.7.0.1
NOTE 9 - OPTIONS, RESTRICTED STOCK UNITS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2017
Disclosure Text Block Supplement [Abstract]  
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
The following table presents information related to stock options at June 30, 2017:

Options Outstanding
 
Options Exercisable
 
       
Weighted
     
       
Average
 
Exercisable
 
Exercise
 
Number of
 
Remaining Life
 
Number of
 
Price
 
Options
 
In Years
 
Options
 
 
$
1.01-2.00
     
2,294,642
     
5.7
     
1,865,142
 
   
2.01-3.00
     
5,650,548
     
3.3
     
5,108,076
 
   
3.01-4.00
     
300,000
     
7.8
     
300,000
 
           
8,245,190
     
4.1
     
7,273,218
 
Share-based Compensation, Stock Options, Activity [Table Text Block]
A summary of the stock option activity and related information for the 2012 Plan for the six months ended June 30, 2017 is as follows:

 
             
Weighted-Average
       
 
       
Weighted-Average
   
Remaining
   
Aggregate
 
 
 
Shares
   
Exercise Price
   
Contractual Term
   
Intrinsic Value
 
Outstanding at December 31, 2016
   
8,245,190
   
$
2.24
     
5.8
   
$
-
 
Grants
   
-
             
0
   
$
-
 
Exercised
   
-
                         
Canceled
   
-
                         
Outstanding at June 30, 2017
   
8,245,190
   
$
2.24
     
4.1
   
$
26,200
 
Exercisable at June 30, 2017
   
7,273,218
   
$
2.27
     
2.3
   
$
22,350
 
Nonvested Restricted Stock Shares Activity [Table Text Block]
The following table summarizes the restricted stock activity for the two years ended December 31, 2016:

Total restricted shares issued as of December 31, 2016
   
135,000
 
Granted
   
-
 
Vested
   
(90,000
)
Vested restricted shares as of June 30, 2017
   
-
 
Unvested restricted shares as of June 30, 2017
   
45,000
 
Schedule of Warrants or Rights, Shares Authorized, by Exercise Price Range [Table Text Block]
The following table summarizes information with respect to outstanding warrants to purchase common stock of the Company at June 30, 2017:

Exercise
   
Number
 
Expiration
Price
   
Outstanding
 
Date
$
0.001
     
383,320
 
January 2020
$
1.50
     
6,898,267
 
February 2018 to June2020
$
1.84
     
35,076
 
January 2020
$
1.95
     
1,689,026
 
October 2018 to September 2019
$
2.00
     
100,000
 
August 2018
$
2.02
     
30,755
 
January 2020
$
2.50
     
100,000
 
August 2018
$
2.75
     
228,720
 
August 2019 to September 2019
$
3.67
     
214,193
 
December 2018 to January 2019
$
3.75
     
1,340,556
 
April 2019 to March 2020
         
11,019,913
 
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
A summary of the warrant activity for the six months ended June 30, 2017 is as follows:

 
             
Weighted-Average
       
 
       
Weighted-Average
   
Remaining
   
Aggregate
 
 
 
Shares
   
Exercise Price
   
Contractual Term
   
Intrinsic Value
 
Outstanding at December 31, 2016
   
9,128,189
   
$
1.96
     
2.1
   
$
494,099
 
Grants
   
1,930,296
   
$
1.50
     
3.0
     
-
 
Exercised
   
-
                         
Canceled
   
(38,572
)
 
$
2.10
     
2.4
     
-
 
Outstanding at June 30, 2017
   
11,019,913
   
$
1.87
     
1.8
   
$
563,097
 
 
                               
Vested and expected to vest at June 30, 2017
   
11,019,913
   
$
1.87
     
1.8
   
$
563,097
 
Exercisable at June 30, 2017
   
11,019,913
   
$
1.87
     
1.8
   
$
563,097