XML 55 R35.htm IDEA: XBRL DOCUMENT v3.19.3
STOCK-BASED COMPENSATION (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of black - scholes option-pricing model valuation assumption

The Company uses the Black-Scholes option-pricing model to estimate the fair value of its stock option awards and warrant issuances. The calculation of the fair value of the awards using the Black - Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:

 

    Nine months ended September 30,  
    2019     2018  
Expected volatility     58.62%-121.32%       91.19-113.03%  
Expected term     4.02-5.00 Years       4.7 – 5.06 Years  
Risk-free interest rate     1.79% - 2.72%       2.56% - 2.86%  
Forfeiture Rate     0.00%       0.00%  
Schedule of outstanding stock options

A summary of the status of the Company’s outstanding stock options as of September 30, 2019 and changes during the period ending on that date is as follows: 

 

          Weighted
Average		    

Aggregate

Intrinsic

     Average  
    Shares     Exercise     Value     Remaining  
    (000’s)     Price     (000’s)     Term (Yrs)  
Options                        
Balance at December 31, 2018     4,840     $ 3.04     $ 5,338       5.05  
Granted     1,675     $ 3.87                  
Exercised     (900 )   $ 0.97                  
Forfeiture and cancelled     (286 )   $ 2.59                  
Balance at September 30, 2019     5,329     $ 3.66     $ 2,758       6.10  
                                 
Exercisable at September 30, 2019     2,305     $ 2.76                  
Schedule of employee stock options outstanding

The following table summarizes information about employee stock options outstanding at September 30, 2019:

 

    Outstanding Options     Vested Options  
    Number                 Number              
    Outstanding                 Exercisable              
    at     Weighted     Weighted     at     Weighted     Weighted  
    September 30,     Average     Average     September 30,     Average     Average  
Range of   2019     Remaining     Exercise     2019     Exercise     Remaining  
Exercise Price   (000’s)     Term     Price     (000’s)     Price     Term  
$0.20 - $0.53     359       3.45     $ 0.27       359     $ 0.27       3.45  
$0.65 - $1.80     342       1.60     $ 1.05       342     $ 1.05       1.60  
$1.83 - $2.84     554       0.85     $ 2.06       555     $ 2.07       2.85  
$3.20 - $6.20     4,074       7.16     $ 4.39       1,049       4.52       5.23  
$7.20 - $22.00     0       0     $ 0       0     $ 0       0  
Outstanding options     5,329       6.10     $ 3.66       2,305     $ 2.76       3.84  
Summary of restricted stock awards

A summary of the Company’s restricted stock activity for the nine months ended September 30, 2019 and 2018 is presented in the following table:

  

    For the Nine Months ended  
    September 30, 2019     September 30, 2018  
           Weighted              Weighted    
           Average              Average    
    (000’s)      Grant Date       (000’s)      Grant Date    
    Shares      Fair Value       Shares      Fair Value    
Unvested at beginning of period     38,889     $ 3.64       72,222     $ —  
Granted     —       —       —       —  
Vested     8,333       3.64       (25,000 )     —  
Unvested at end of period     30,556     $ 3.64       47,222     $ 3.64