9. EMPLOYEE EQUITY INCENTIVE PLAN (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2016
Dec. 31, 2015
Employee Equity Incentive Plan Tables    
Employee Equity Incentive Plan
Options Outstanding   Options Exercisable
        Weighted    
        Average   Exercisable
Exercise   Number of   Remaining Life   Number of
Price   Options   In Years   Options
$ 0.10       1,500,000       7.9       825,000  
  0.50       959,211       9.0       925,876  
  0.60       105,000       8.9       105,000  
  0.80       160,000       9.7       66,660  
  0.83       100,000       9.8       0  
  0.90       1,955,000       9.6       1,155,785  
  1.00       850,000       9.6       12,498  
  1.06       381,250       9.9       113,534  
          6,010,461       9.1       3,204,353  
Options Outstanding     Options Exercisable  
            Weighted        
            Average     Exercisable  
Exercise     Number of     Remaining Life     Number of  
Price     Options     In Years     Options  
$ 0.10       1,500,000       8.6       500,000  
  0.50       1,065,000       9.0       964,981  
  0.60       105,000       9.3       67,940  
  0.90       1,955,000       9.9       585,000  
  1.00       800,000       9.9       0  
          5,425,000       9.3       2,117,921  

 

Employee stock option activity
        Weighted-Average    
        Weighted-Average   Remaining
    Shares   Exercise Price   Contractual Term
  Outstanding at December 31, 2015       5,225,000     $ 0.59       9.3  
                             
  Grants       691,250       0.97       9.8  
  Exercised       (105,789 )     0.5       8.7  
  Canceled       —         —         —    
  Outstanding at March 31, 2016       6,010,461       0.63       9.1  
  Exercisable at March 31, 2016       3,204,353       0.57       8.9  

 

                Weighted-Average  
          Weighted-Average     Remaining  
    Shares     Exercise Price     Contractual Term  
Outstanding at January 1, 2014     0     $ -       -  
Grants     2,050,000       0.1       9.6  
Exercised     -       -       -  
Canceled     -     $ -          
Outstanding at December 31, 2014     2,050,000     $ 0.1       9.6  
Grants     3,925,000       0.80       9.9  
Exercised       (250,000 )     0.1         9.3  
Canceled     (300,000)         0.1         8.6  
Outstanding at December 31, 2015     5,425,000     $ 0.59       9.3  
Exercisable at December 31, 2015     2,117,921     $ 0.52       9.1  
Fair value of granted options

 

Dividend yield:     0 %      
Volatility     111.89% to 119.16 %      
Risk free rate:     1.75% to 2.10  %      
Expected life:              
Estimated fair value of the Company’s common stock     $ 0.80 to $1.05 %      
Estimated forfeiture rate     0 %      

 

Dividend yield:     -0- %
Volatility   119.43% to 129.88 %
Risk free rate:   0.48% to 2.53 %
Expected life:   7 to 10 years  
Estimated fair value of the Company’s common stock   $ $2.21 to $2.50  
Estimated forfeiture rate     0 %