WidePoint (WYY)

OUTSTANDING AND EXERCISABLE

The aggregate remaining contractual lives in years for the options outstanding and exercisable on March 31, 2009 were 3.01 and 2.28, respectively.

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Aggregate intrinsic value represents total pretax intrinsic value (the difference between WidePoint’s closing stock price on March 31, 2009 and the exercise price, multiplied by the number of in-the-money options) that would have been received by the option holders had all option holders exercised their options on March 31, 2009. The intrinsic value will change based on the fair market value of WidePoint’s stock. The total intrinsic value of options outstanding and exercisable as of March 31, 2009 was $1,103,100, respectively. The total intrinsic value of options exercised for the first quarter of fiscal 2009 was $4,350. The Company issues new shares of common stock upon the exercise of stock options.

At March 31, 2009, 4,536,438 shares were available for future grants under the Company’s 2008 Stock Incentive Plan. This does not include 3,999,999 warrants granted and vested to members of the senior management team that were not issued under the Company’s Stock Incentive Plans.

At March 31, 2009, the Company had approximately $520,000 of total unamortized compensation expense, net of estimated forfeitures, related to stock option plans that will be recognized over the weighted average period of 3.01 years.

Non-employee stock-based compensation:

The Company accounts for stock-based non-employee compensation arrangements using the fair value recognition provisions of FASB Statement 123, Accounting for Stock-Based Compensation and “Emerging Issues Task Force” EITF 96-18, Accounting for Equity Instruments That Are Issued to Other Than Employees for Acquiring, or in Conjunction with Selling, Goods or Services.