Quarterly report pursuant to Section 13 or 15(d)

8. Stock-Based Compensation (Details - Options Outstanding)

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8. Stock-Based Compensation (Details - Options Outstanding) - 3 months ended Jun. 30, 2015 - USD ($)
Total
Options  
Outstanding at beginning of period 2,877,000
Granted 155,000
Exercised 0
Forfeited or expired (53,000)
Outstanding at end of period 2,979,000
Exercisable at end of period 1,781,000
Options available for grant, ending 3,858,000
Weighted Average Exercise Price  
Outstanding at beginning of period $ 6.96
Granted 1.32
Exercised 0
Forfeited or expired (4.97)
Outstanding at end of period 6.70
Exercisable at end of period $ 8.91
Weighted Average Contractual Term  
Outstanding at end of period 7 years 2 months 8 days
Exercisable at end of period 6 years 18 days
Aggregate Intrinsic Value  
Fair Value Outstanding at end of period $ 38,000
Exercisable at end of period $ 36,000