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, 2016

Schedule of option activity and related information

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

	Number of			Range of		Weighted
	Shares			Option Price		Average
	Under Options			Per Share		Exercise Price
Options Outstanding at January 1, 2015		6,854,802		$	0.02 - 0.85	$	0.28
Options Exercised		-			0.02		0.02
Options Outstanding at December 31, 2015		6,854,802			0.02 - 0.85		0.26
Options Granted		250,000			0.35 - 0.65		0.37
Options Forfeited		(363,142	)		0.02 - 0.41		0.27
Options Outstanding at December 31, 2016		6,741,660		$	0.02 - 0.85	$	0.28

Options Exercisable at December 31, 2016		5,645,127		$	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, 2016 are set forth in the table below.

	2016
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 Company’s warrant activity and related information follows:

			Range of
	Number of		Warrants		Weighted
	Shares Under		Price		Average
	Warrants		Per Share		Exercise Price
Warrants Outstanding at January 1, 2015		133,334	$	0.02	$	0.01
Warrants Granted		-		0.01		0.01
Warrants Cancelled		-		0.02		0.02
Warrants Outstanding at December 31, 2015		133,334	$	0.01	$	0.01
Warrants Granted		-		-		-
Warrants Outstanding at December 31, 2016		133,334	$	0.01	$	0.01

Warrants Exercisable at December 31, 2016		133,334	$	0.01	$	0.01