Annual report pursuant to Section 13 and 15(d)

STOCK OPTIONS AND WARRANTS (Tables)

v3.19.1
STOCK OPTIONS AND WARRANTS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

 

Options issued 2018

 

Options issued 2017

Dividend yield

 

0%

 

0%

Expected volatility

 

73% - 78%

 

78% - 87%

Risk free interest rate

 

2.46% - 3.00%

 

1.73% - 2.20%

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

 

 

745,000

 

 

$

1.11

 

 

 

—

 

 

 

—

 

Exercised

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(60,000

)

 

$

0.50

 

 

 

—

 

 

 

—

 

Outstanding – December 31, 2018

 

 

3,496,250

 

 

$

0.66

 

 

$

2,608,329

 

 

 

3.04

 

Exercisable – December 31, 2018

 

 

2,334,584

 

 

$

0.52

 

 

$

2,071,980

 

 

 

2.48

 
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

 

 

745,000

 

 

 

1.11

 

 

 

—

 

 

 

—

 

Vested

 

 

(348,891

)

 

 

0.63

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(60,000

)

 

 

0.50

 

 

 

—

 

 

 

—

 

Unvested – December 31, 2018

 

 

1,161,666

 

 

$

0.95

 

 

$

535,475

 

 

 

4.15