IRONCLAD PERFORMANCE WEAR CORP | 2013 | FY | 3


   December 31, 2013  December 31, 2012
Risk free interest rate    0.12% - 1.33%    0.58% - 0.94%  
Dividends    —      —   
Volatility factor    64.8% - 88.3%    89.1%
Expected life    5.5 - 6.25 years    5.5 - 6.25 years 

 

IRONCLAD PERFORMANCE WEAR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

A summary of stock option activity is as follows:

   Number of Shares  Weighted Average Exercise Price
  Outstanding at December 31, 2011     10,416,536   $0.094 
   Granted     1,301,625   $0.24 
   Exercised     (1,836,831)  $0.091 
   Cancelled/Expired     (310,875)  $0.13 
  Outstanding at December 31, 2012     9,570,455   $0.113 
   Granted     1,888,000   $0.25 
   Exercised     (256,690)  $0.09 
   Cancelled/Expired     (1,058,000)  $0.109 
  Outstanding at December 31, 2013     10,143,765   $0.14 
  Exercisable at December 31, 2013     7,809,833   $0.127 

 

The following tables summarize information about stock options outstanding at December 31, 2013:

Range of Exercise Price  Number Outstanding  Weighted Average Remaining Contractual Life (Years)  Weighted Average Exercise Price  Intrinsic Value Outstanding Shares
 $0.09 - $0.27    10,143,765    6.51   $0.14   $467,160 

 

The following tables summarize information about stock options exercisable at December 31, 2013:

Range of Exercise Price  Number Exercisable  Weighted Average Remaining Contractual Life (Years)  Weighted Average Exercise Price  Intrinsic Value Exercisable Shares
 $0.09 - $0.27    7,809,833    5.89   $0.127   $404,173 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

IRONCLAD PERFORMANCE WEAR CORPORATION

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

The following tables summarize information about non-vested stock options:

   Number of Shares  Weighted Average Grant Date Fair Value
  Non-Vested at December 31, 2011     4,071,860   $0.08 
   Granted     1,301,625   $0.17 
   Vested     (2,216,731)  $0.10 
   Forfeited     (284,137)  $0.10 
  Non-Vested at December 31, 2012     2,872,617   $0.10 
   Granted     1,888,000   $0.25 
   Vested     (2,151,644)  $0.18 
   Forfeited     (275,041)  $0.14 
  Non-Vested at December 31, 2013     2,333,932   $0.20 

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