Quarterly report pursuant to Section 13 or 15(d)

Subsequent events

v3.4.0.3
Subsequent events
3 Months Ended
Mar. 31, 2016
Subsequent Events [Abstract]  
Subsequent events
Subsequent events:


On April 1, 2016, the Company issued 250,000 share incentive stock option to an employee. The award has an exercise price of $2.83, a term of 10 years and a vesting period of five years.

April 8, 2016, the Company issued incentive stock options and restricted stock unit awards to certain employees.  The total number of stock option awards issued is 1,000,000. These awards have an exercise price of $2.73, a term of 10 years and a vesting period of five years. Stock option awards issued to certain executives also have additional vesting conditions based on stock price performance targets. The total number of restricted stock unit awards issued is 787,500. These awards have a term of 10 years and a vesting period of five years. Restricted stock unit awards issued to certain executives also have additional vesting conditions based on stock price performance targets.