Quarterly report pursuant to Section 13 or 15(d)

STOCK WARRANTS, OPTIONS AND GRANTS (Tables)

v3.10.0.1
STOCK WARRANTS, OPTIONS AND GRANTS (Tables)
 9 Months Ended
Sep. 30, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

Nine Months Ended September 30, 2018

 

 

Nine Months Ended September 30, 2017

 

Dividend yield

 

 

0%

 

 

 

0%

 

Expected volatility

 

78%

 

 

80 - 87%

 

Risk free interest rate

 

2.46% - 2.73%

 

 

1.73 - 1.94%

 

Expected life (years)

 

 

5.00

 

 

 

5.00

 

 
Summary of Stock Option Activity

A summary of stock option activity is as follows:

 

 

 

Common stock options

 

 

Weighted-

average

exercise price

 

 

Aggregate

intrinsic

value

 

 

Weighted-average

remaining contractual

term (years)

 

Outstanding – December 31, 2017

 

 

2,811,250

 

 

$

0.54

 

 

$

1,849,517

 

 

 

3.65

 

Issued

 

 

270,000

 

 

 

0.98

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding – September 30, 2018

 

 

3,081,250

 

 

$

0.58

 

 

$

2,186,179

 

 

 

3.05

 

Exercisable – September 30, 2018

 

 

2,317,916

 

 

$

0.52

 

 

$

1,775,996

 

 

 

2.78

 

 
Summary of Unvested Stock Option Activity

A summary of unvested stock option activity is as follows:

 

 

Common stock

options

 

 

Weighted-average

exercise price

 

 

Aggregate

intrinsic

value

 

 

Weighted-average

remaining contractual

term (years)

 

Unvested – December 31, 2017

 

 

825,557

 

 

$

0.63

 

 

$

467,379

 

 

 

4.27

 

Granted

 

 

270,000

 

 

 

0.98

 

 

 

—

 

 

 

—

 

Vested

 

 

(332,223

)

 

 

0.64

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested – September 30, 2018

 

 

763,334

 

 

$

0.75

 

 

$

410,184

 

 

 

3.82