Stockholders' Equity (Tables)

The fair value of stock options granted during the three months ended March 31, 2018 were estimated with the following assumptions:

For the three months ended March 31, 2018 option activity was as follows:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Outstanding at January 1, 2018		2,176,637	$	1.25		9.25

Granted		1,671,250		1.83		9.99
Exercised		-		-
Forfeited		(45,000)		1.90		9.75

Outstanding at March 31, 2018		3,802,887	$	1.52		9.59	$	785,000

Vested and expected to vest at March 31, 2018		3,802,887	$	1.52		9.59	$	785,000

Exercisable at March 31, 2018		502,917	$	0.96		7.10	$	298,000

The following table summarizes certain information about stock options for the three months ended March 31, 2018:

Weighted average grant-date fair value for options granted during the period	$	1.83

Vested options in-the-money at March 31, 2018		502,917

Aggregate intrinsic value of options exercised during the period	$	-

The following table summarizes the common shares reserved for future issuance under the Plan as of March 31, 2018:

Stock options outstanding			3,652,887
Stock options available for future grant			1,347,113
			5,000,000

The following table summarizes the activity in Channel Partner Warrants during the three months ended March 31, 2018:

	Number of Shares		Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in years)		Aggregate Intrinsic Value
Outstanding at January 1, 2018		1,303,832	$	1.48		4.50
Granted		225,000		1.84		4.90
Exercised		-		-
Forfeited		(83,986)		1.91		4.50

Outstanding at March 31, 2018		1,444,846	$	1.51		4.79	$	-

Exercisable at March 31, 2018		-	$	-		-	$	-

The impact on our results of operations of recording stock-based compensation expense for the three months ended March 31, 2018 was as follows: