Stock-Based Compensation (Tables)

6 Months Ended

Jun. 30, 2016

The following table summarizes the Company’s warrant activity for the six months ended June 30, 2016:

	Number of Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - December 31, 2015		362,500	$	8.34		3.5	$	-
Granted		3,750,000		0.85
Exercised		-		-
Forfeited/Canceled/Expired		-		-
Outstanding – June 30, 2016		4,112,500	$	1.51		4.8	$	412,500

Exercisable – June 30, 2016		1,912,902		1.78		4.6	$	232,560

A summary of the changes in the Company’s unvested warrants is as follows:

	Number of Warrants			Weighted Average Grant Date Fair Value
Unvested - December 31, 2015		-		$	-
Granted		3,750,000			0.18
Vested		(3,750,000	)		(0.18	)
Forfeited/Canceled/Expired		-			-
Unvested – June 30, 2016		-		$	-

The following table summarizes the Company’s stock option activity for the six months ended June 30, 2016:

	Number of Options			Weighted Average Exercise Price			Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding - December 31, 2015		157,190		$	3.75			8.0	$	-
Granted		-			-
Exercised		-			-
Forfeited/Canceled/Expired		(12,333	)		(3.45	)
Outstanding – June 30, 2016		144,857		$	3.78			7.9	$	-

Exercisable – June 30, 2016		108,522			3.89			8.0	$	-

A summary of the changes in the Company’s unvested stock options is as follows:

	Number of Options			Weighted Average Grant Date Fair Value
Unvested - December 31, 2015		109,522		$	1.72
Granted		-			-
Vested		(70,187	)		(1.75	)
Forfeited/Canceled/Expired		(3,000	)		(1.65	)
Unvested – June 30, 2016		36,335		$	1.65