Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.19.3
STOCK OPTIONS (Tables)
 9 Months Ended
Sep. 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

 

71.61% - 72.11

%

 

78

%

Risk free interest rate

 

1.37% - 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

 

 

320,000

 

 

 

1.76

 

 

 

—

 

 

 

—

 

Exercised

 

 

(712,916

)

 

 

0.37

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

(103,334

)

 

 

0.94

 

 

 

—

 

 

 

—

 

Outstanding – September 30, 2019

 

 

3,000,000

 

 

$

0.84

 

 

$

2,992,800

 

 

 

2.88

 

Exercisable – September 30, 2019

 

 

1,988,333

 

 

$

0.62

 

 

$

2,426,025

 

 

 

3.65

 
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

 

 

320,000

 

 

 

1.76

 

 

 

—

 

 

 

—

 

Vested

 

 

(373,333

)

 

 

0.76

 

 

 

—

 

 

 

—

 

Forfeited or expired

 

 

(96,666

)

 

 

0.93

 

 

 

—

 

 

 

—

 

Unvested – September 30, 2019

 

 

1,011,667

 

 

$

1.17

 

 

$

680,526

 

 

 

4.39