探花视频app, Inc. General form of registration statement for all companies including face-amount certificate companies

General form of registration statement for all companies including face-amount certificate companies

Stockholders' Equity (Deficiency) (Tables)

Stockholders' Equity (Deficiency) (Tables)

3 Months Ended

4 Months Ended

Jul. 31, 2013

Apr. 30, 2013

Stockholders Equity Deficiency Tables [Abstract]

Assets and Liabilities acquired

The assets acquired and liabilities assumed from the publicly-held company were as follows:


Cash and cash equivalents	$	337
Liabilities assumed		(21,206	)
Net	$	(20,869	)

Warranty Activity

A summary of the Company's warrant activity during the three months ended July 31, 2013 is presented below:


						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Warrants	Shares			Price		Term		Value
Balance Outstanding, April 30, 2013		9,090,292		$	0.46
Granted		1,115,026			0.33
Exercised		-			-
Forfeited		(40,000	)		0.50
Expired		-			-
Balance Outstanding, July 31, 2013		10,165,318		$	0.45		4.1	$	51,862

Exercisable, July 31, 2013		10,165,318		$	0.45		4.1	$	51,862

A summary of the Company's warrant activity during the four months ended April 30, 2013 is presented below:


					Weighted
			Weighted		Average
			Average		Remaining		Aggregate
	Number of		Exercise		Contractual		Intrinsic
Warrants	Shares		Price		Term		Value
Balance Outstanding, December 31, 2012		7,256,522	$	0.45
Granted		1,833,770		0.50
Exercised		-		-
Forfeited		-		-
Expired		-		-
Balance Outstanding, April 30, 2013		9,090,292	$	0.46		4.4	$	32,349

Exercisable, April 30, 2013		9,090,292	$	0.46		4.4	$	32,349

Compensation Expense for Stock Options Granted

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the three months ended July 31, 2013:


		July 31,
Assumptions		2013
Expected life (years)		3.5
Expected volatility		46.5%
Weighted-average volatility		46.5%
Risk-free interest rate		0.38%
Dividend yield		0.00%
Expected forfeiture rate		3.9%

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to employees during the four months ended April 30, 2013 and during the years ended December 31, 2012 and 2011:


	April 30,	December 31,
Assumptions	2013	2012	2011
Expected life (years)	3.5 - 3.75	2.5 - 3.8	N/A
Expected volatility	46.3%- 46.5%	44.2% - 50.9%	N/A
Weighted-average volatility	46.5%	49.0%	N/A
Risk-free interest rate	.36%-.44%	0.31% - 0.60%	N/A
Dividend yield	0.00%	0.00%	N/A
Expected forfeiture rate	3.9%	1.7%	N/A

Stock Options Activity to Employees

A summary of the Company's stock option activity for employees and directors during the three months ended July 31, 2013 is presented below:


						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
Balance Outstanding, April 30, 2013		7,344,381		$	0.35
Granted		1,536,211		$	0.35
Exercised		-
Forfeited		(40,000	)	$	0.35
Expired		-
Balance Outstanding, July 31, 2013		8,840,592		$	0.35		4.2	$	-

Exercisable, July 31, 2013		2,051,998		$	0.35		4.1	$	-

A summary of the Company's stock option activity for employees and directors during the four months ended April 30, 2013 is presented below:


						Weighted
				Weighted		Average
				Average		Remaining		Aggregate
	Number of			Exercise		Contractual		Intrinsic
Options	Shares			Price		Term		Value
Balance Outstanding, December 31, 2012		6,777,967		$	0.35
Granted		658,914		$	0.35
Exercised		-
Forfeited		(92,500	)	$	0.35
Expired		-
Balance Outstanding, April 30, 2013		7,344,381		$	0.35		4.4	$	-

Exercisable, April 30, 2013		2,056,998		$	0.35		4.4	$	-

Stock Options Grants to Non-Employees

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to non-employees during the three months ended July 31, 2013:


		July 31,
Assumptions		2013
Expected life (years)		N/A
Expected volatility		N/A
Weighted-average volatility		N/A
Risk-free interest rate		N/A
Dividend yield		N/A

The following table summarizes the assumptions the Company utilized to record compensation expense for stock options granted to non-employees during the four month ended April 30, 2013 and for the years ended December 31, 2012 and 2011:


	April 30,	December 31,
Assumptions	2013	2012	2011
Expected life (years)	4	2.7 - 5.0	N/A
Expected volatility	46.5%	44.2% - 50.0%	N/A
Weighted-average volatility	46.5%	47.4%	N/A
Risk-free interest rate	.38%	0.37% - 0.60%	N/A
Dividend yield	0.00%	0.00%	N/A

Share Based Compensation Stock Options Activity for Non-Employees

A summary of the Company's stock option activity for non-employees during the three months ended July 31, 2013 is presented below:

Weighted

Average

Remaining

Aggregate

Number of

Exercise

Contractual

Intrinsic

Options

Shares

Price

Term

Value

Balance Outstanding, April 30, 2013

270,000

0.35

Granted

Exercised

Forfeited

Expired

Balance Outstanding, July 31, 2013

270,000

0.35

4.3

Exercisable, July 31, 2013

47,250

N/A

A summary of the Company's stock option activity for non-employees during the four months ended April 30, 2013 is presented below:

Weighted

Average

Remaining

Aggregate

Number of

Exercise

Contractual

Intrinsic

Options

Shares

Price

Term

Value

Balance Outstanding, December 31, 2012

195,000

0.35

Granted

75,000

0.35

Exercised

Forfeited

Expired

Balance Outstanding, April 30, 2013

270,000

0.35

4.0

Exercisable, April 30, 2013

N/A

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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