Data Storage Corporation Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2015

Schedule of option activity and related information

A summary of the Company's option activity and related information follows:

	Number of Shares Under Options			Range of Option Price Per Share		Weighted Average Exercise Price
Options Outstanding at January 1, 2014		6,921,084		$	0.02 - 0.85	$	0.28
Options Exercised		(640,524	)		0.02		0.02
Options Outstanding at December 31, 2014		6,280,560			0.02 - 0.85		0.26
Options Granted		910,568			0.35 - 0.65		0.37
Options Forfeited		(336,326	)		0.02 - 0.41		0.27
Options Outstanding at December 31, 2015		6,854,802		$	0.02 - 0.85	$	0.28

Options Exercisable at December 31, 2015		5,534,688		$	0.02 - 0.85	$	0.27

Schedule of fair value of options by using Black-Scholes model

The weighted average fair value of options granted and the assumptions used in the Black-Scholes model during the year ended December 31, 2015 are set forth in the table below.

	2015
Weighted average fair value of options granted	$	0.03
Risk-free interest rate		2.24	%
Volatility		229.15	%
Expected life (years)		10
Dividend yield		0.00	%

Schedule of warrant activity and related information

A summary of the Companys warrant activity and related information follows:

	Number of Shares Under Warrants			Range of Warrants Price Per Share		Weighted Average Exercise Price
Warrants Outstanding at January 1, 2014		28,642		$	0.02	$	0.01
Warrants Granted		133,334			0.01		0.01
Warrants Cancelled		(28,642	)		0.02		0.02
Warrants Outstanding at December 31, 2014		133,334		$	0.01	$	0.01
Warrants Granted		-			-		-
Warrants Outstanding at December 31, 2015		133,334		$	0.01	$	0.01

Warrants Exercisable at December 31, 2015		133,334		$	0.01	$	0.01