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Equity
 6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
EQUITY
13.EQUITY

 

Stock Option Plan

 

Under the employee stock option plan, the Company's stock options generally expire ten years from the date of grant.

 

The following is a summary of the option activity: 

 

Stock options  Shares   Weighted average
exercise price		  

Aggregate

intrinsic
value (1)

 
Outstanding as of December 31, 2018   881,867   $2.34   $- 
Forfeited   (93,000)          
Exercised   -           
Outstanding as of June 30, 2019   788,867    2.34   $- 
Exercisable as of June 30, 2019   762,667    2.42   $- 

 

(1)The intrinsic value of the stock options at June 30, 2019 is the amount by which the market value of the Company's common stock of $1.23 as of June 30, 2019 exceeds the exercise price of the options.

 

As of June 30, 2019, 26,200 options have not been vested. For the six months ended June 30, 2019 and 2018, the Company recognized $69,177 and $166,210 respectively, as compensation expense under its stock option plan. As of June 30, 2019, unrecognized share-based compensation expense related to options was $16,577.