SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2018

The following assumptions were used in the Binomial option pricing model:

	Year Ended December 31, 2015
Options granted	Average risk-free rate of return	Exercise multiple	Volatility rate	Dividend yield	Post- vesting forfeiture rate
January 12, 2015	2.82%	1.8-3 times	93.0%	0%	5%-8%

July 6, 2015	3.20%	3 times	91.0%	0%	5%

September 9, 2015	2.94%-3.08%	1.8-3 times	91.0%-92.0%	0%	5%-8%

A summary of the aggregate option activity and information regarding options outstanding as of December 31, 2018 is as follows:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contract Life		Aggregate Intrinsic Value
Options outstanding on January 1, 2018		9,634,542			0.50
Granted		-			-
Forfeited		(161,724	)		0.59
Expired		(2,526	)		0.59
Exercised		(230,225	)		0.59
Options outstanding on December 31, 2018		9,240,067			0.49		4.53		4,049,496
Options vested or expected to vest on December 31, 2018		20,043,353			0.47		4.11		9,351,312
Options exercisable on December 31, 2018		9,075,709			0.49		4.49		3,993,944

A summary of the non-vested RSU activity in 2018 is as follows:

	Number of RSUs			Weighted Average Grant Date Fair Value
Nonvested RSUs on January 1, 2018		10,240,743		$	0.98
Granted		44,365,641			1.48
Vested		(9,272,063	)		1.43
Forfeited		(1,846,708	)		1.07
Nonvested RSUs on December 31, 2018		43,487,613		$	1.39