Stock Options (Tables)

3 Months Ended

Mar. 31, 2015

The assumptions used principally in determining the fair value of options granted were as follows:

A summary of option activity for the three months ended March 31, 2015 is presented below:


Options	Shares			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term in Years		Average Intrinsic Value
Outstanding at December 31, 2014		3,556,691		$	0.83
Granted		145,000		$	2.78
Exercised		(2,843	)	$	0.17

Outstanding at March 31, 2015		3,698,848		$	0.91		8.75	$	7,057,231

Vested at March 31, 2015		817,015		$	0.43		7.16	$	1,948,425