Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2015

Schedule of Shares Reserved for Grant and Awards Available for Grant


	March 31, 2015
		Shares Reserved for Grant	Awards Available for Grant

Incentive Stock Plan		4,000,000	3,745,000
Stock Compensation Plan		4,000,000	2,375,000
		8,000,000	6,120,000

Schedule of Weighted-Average Assumptions


	For the three month periods Ended March 31
	2015		2014

Expected term (in years)	—		5.0
Expected volatility	—	%	125.0	%
Risk-free interest rate	—	%	1.5	%
Dividend yield	—	%	0.0	%

Schedule of Stock Plan Activity


				Weighted-Average
	Shares			Exercise Price		Remaining Contractual Term (Years)		Aggregate Intrinsic Value

Outstanding at December 31, 2014		3,550,000		$	0.13		3.94	$	20,000
Issued		—			—		—		—
Cancelled/forfeited		(1,670,000	)		0.13
Outstanding at March 31, 2015		1,880,000		$	0.12		3.51	$	—
Options expected to vest		1,880,000		$	0.12		3.51	$	—
Options exercisable at end of period		717,500		$	0.16		2.57	$	—

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

+ References+ Details

Cornerworld Corp 10-Q