Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.19.2
STOCK OPTIONS (Tables)
 6 Months Ended
Jun. 30, 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

 

1.83% - 2.51%

 

 

2.46% - 2.73%

 

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

 

 

195,000

 

 

 

1.88

 

 

 

—

 

 

 

—

 

Exercised

 

 

(637,917

)

 

 

0.36

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

(13,333

)

 

 

1.17

 

 

 

—

 

 

 

—

 

Outstanding – June 30, 2019

 

 

3,040,000

 

 

$

0.80

 

 

$

2,514,333

 

 

 

3.00

 

Exercisable – June 30, 2019

 

 

1,920,000

 

 

$

0.60

 

 

$

1,974,042

 

 

 

2.45

 
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

 

 

195,000

 

 

 

1.88

 

 

 

—

 

 

 

—

 

Vested

 

 

(223,333

)

 

 

0.75

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

(13,333

)

 

 

1.17

 

 

 

—

 

 

 

—

 

Unvested – June 30, 2019

 

 

1,120,000

 

 

$

1.15

 

 

$

538,617

 

 

 

3.94