Riot Blockchain, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Stock options and warrants (Tables)

Stock options and warrants (Tables)

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

Schedule of the Income Statement Allocation of Stock-based Compensation

The Company recognized total expenses for stock-based compensation during the three-month periods ended March 31, 2016 and 2015 of $47,884 and $433,402, respectively. These expenses are included in the accompanying statements of operations for the three-month periods ended March 31, in the following categories:

	2016		2015

Selling, general and administrative expenses	$	45,324	$	392,362
Research and development expenses		2,560		41,040

Total stock-based compensation	$	47,884	$	433,402

Summary of Stock Incentive Plan Activity

A summary of activity under the Plan for the three months ended March 31, 2016 is presented below:

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

Outstanding at January 1, 2016		332,560		$	35.36
Granted		-			-
Exercised		-			-
Forfeited		(7,382	)		20.98

Outstanding at March 31, 2016		325,178		$	35.75		7.5		$	-

Exercisable at March 31, 2016		305,265		$	37.10		7.5		$	-

Schedule of Nonvested Share Activity

A summary of the activity of nonvested options under the Plan to acquire common shares granted to employees, officers, directors and consultants during the three months ended March 31, 2016 is presented below:

Nonvested Shares	Nonvested Shares Underlying Options			Weighted Average Exercise Price		Weighted Average Grant Date Fair Value

Nonvested at January 1, 2016		33,336		$	15.54	$	11.41
Granted		-			-		-
Vested		(9,803	)		16.67		12.92
Forfeited		(3,620	)		15.13		10.75

Nonvested at March 31, 2016		19,913		$	15.06	$	10.79

Schedule of Nonqualified Award Activity

Following is a summary of outstanding options and warrants that were issued outside of the Plan for the three months ended March 31, 2016:

	Shares Underlying Options / Warrants		Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (Years)		Aggregate Intrinsic Value

Outstanding at January 1, 2016		432,003	$	15.47
Granted		-		-
Exercised		-		-
Forfeited		-		-

Outstanding and exercisable at March 31, 2016		432,003	$	15.47	2.0	$	-