Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.19.1
STOCK OPTIONS (Tables)
 3 Months Ended
Mar. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

Options Issued 2019

 

 

Options Issued 2018

 

Dividend yield

 

 

0%

 

 

 

0%

 

Expected volatility

 

 

72

%

 

78%

 

Risk free interest rate

 

 

2.51

%

 

2.46% - 2.56%

 

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, 2018

 

 

3,496,250

 

 

$

0.66

 

 

$

2,608,329

 

 

 

3.04

 

Issued

 

 

150,000

 

 

 

1.90

 

 

 

—

 

 

 

—

 

Exercised

 

 

(98,333

)

 

 

0.37

 

 

 

—

 

 

 

—

 

Expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Outstanding – March 31, 2019

 

 

3,547,917

 

 

$

0.72

 

 

$

3,105,642

 

 

 

2.93

 

Exercisable – March 31, 2019

 

 

2,317,917

 

 

$

0.54

 

 

$

2,451,150

 

 

 

2.33

 
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, 2018

 

 

1,161,666

 

 

$

0.95

 

 

$

535,475

 

 

 

4.15

 

Granted

 

 

150,000

 

 

 

1.90

 

 

 

—

 

 

 

—

 

Vested

 

 

(81,666

)

 

 

0.87

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested – March 31, 2019

 

 

1,230,000

 

 

$

1.07

 

 

$

650,233

 

 

 

4.06