| 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 |
|
|