XML 22 R11.htm IDEA: XBRL DOCUMENT
v3.19.1

Stock Options | 3 Months Ended
--- | ---
Mar. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Disclosure of Compensation Related Costs, Share-based Payments [Text Block] |
| 5. | Stock Options
The Innodata Inc. 2013 Stock Plan, as amended and restated effective June 7, 2016, is referred to herein as the “Plan.” The number of shares of common stock of Innodata Inc. that may be delivered, purchased or used for reference purposes (with respect to stock appreciation rights or stock units) for awards granted under the Plan after June 7, 2016 is 5,858,892 (the “Share Reserve”). Shares subject to an option or stock appreciation right granted under the Plan after June 7, 2016 count against the Share Reserve as one share for every share granted, and shares subject to any other type of award granted under the Plan after June 7, 2016 count against the Share Reserve as two shares for every share granted. Any award, or portion of an award, under the Plan or under the Company’s 2009 Stock Plan (as amended and restated (the “Prior Plan”)) that expires or terminates unexercised, becomes unexercisable or is forfeited or otherwise terminated, surrendered or canceled as to any shares without delivery of shares or other consideration will be added back to the Share Reserve as one share for each such share that was subject to an option or stock appreciation right granted under the Plan or the Prior Plan, and two shares for each such share that was subject to an award other than an option or stock appreciation right granted under the Plan or the Prior Plan. If any shares are withheld, tendered or exchanged by a participant in the Plan as full or partial payment to Innodata of the exercise price under an option under the Plan or the Prior Plan or in satisfaction of a participant’s tax withholding obligations with respect to any award under the Plan or the Prior Plan, there will be added back to the Share Reserve one share for each such share that was withheld, tendered or exchanged in respect of an option or stock appreciation right granted under the Plan or the Prior Plan, and two shares for each such share that was withheld, tendered or exchanged in respect of an award other than an option or stock appreciation right granted under the Plan or the Prior Plan. A summary of option activity under the Plans as of March 31, 2019, and changes during the three months then ended, are presented below:
|  | Number of Options |  |  | Weighted - Average Exercise Price |  |  | Weighted-Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2019 |  |  | 4,982,040 |  |  | $ | 2.14 |  |  |  |  |  |  |  |  |
Granted |  |  | 220,000 |  |  |  | 1.38 |  |  |  |  |  |  |  |  |
Exercised |  |  | - |  |  |  | - |  |  |  |  |  |  |  |  |
Forfeited/Expired |  |  | (174,237 | ) |  |  | 2.04 |  |  |  |  |  |  |  |  |
Outstanding at March 31, 2019 |  |  | 5,027,803 |  |  | $ | 2.11 |  |  |  | 6.52 |  |  | $ | 343,280 |
Exercisable at March 31, 2019 |  |  | 3,364,563 |  |  | $ | 2.55 |  |  |  | 5.17 |  |  | $ | 112,962 |
Vested and Expected to Vest at March 31, 2019 |  |  | 5,027,803 |  |  | $ | 2.11 |  |  |  | 6.52 |  |  | $ | 343,280 |
The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted average fair value of the options granted, and weighted average assumptions are as follows:
|  | For the Three Months Ended March 31, |
|  | 2019 |  |  | 2018 |
Weighted average fair value of options granted |  | $ | 0.64 |  |  | $ | - |
Risk-free interest rate |  |  | 2.55 | % |  |  | - |
Expected life (years) |  |  | 6 |  |  |  | - |
Expected volatility factor |  |  | 45 | % |  |  | - |
Expected dividends |  |  | None |  |  |  | - |
A summary of restricted shares under the Company’s stock option plans as of March 31, 2019, and changes during the period then ended, are presented below:
|  | Number of Shares |  |  | Weighted-Average Grant Date Fair Value |
Granted |  |  | 75,000 |  |  |  | 1.38 |
Vested |  |  | - |  |  |  | - |
Forfeited/Expired |  |  | - |  |  |  | - |
Unvested at March 31, 2019 |  |  | 75,000 |  |  | $ | 1.38 |
The compensation cost related to non-vested stock options and restricted stock awards not yet recognized as of March 31, 2019 totaled approximately $1.1 million. The weighted average period over which these costs will be recognized is 26 months. The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands):
|  | Three months ended March 31, |
|  | 2019 |  |  | 2018 |
Direct operating costs |  | $ | 18 |  |  | $ | 54 |
Selling and administrative expenses |  |  | 111 |  |  |  | 86 |
Total stock-based compensation |  | $ | 129 |  |  | $ | 140 |

X
- Definition The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -URI http://asc.fasb.org/subtopic&trid=2208855 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration