XML 43 R29.htm IDEA: XBRL DOCUMENT v3.19.1
Stock Options and Stock Grants (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of assumptions used to calculate black-scholes option pricing model for options granted

The following table illustrates the various assumptions used to calculate the Black-Scholes option pricing model for options granted for all years presented:

 

    Years Ended December 31,
    2018   2017
             
Weighted-average risk-free interest rates:     2.9 %     2.1 %
                 
Dividend yield:     0.00 %     0.00 %
                 
Weighted-average expected life of the option:   7 years   7 years
                 
Weighted-average expected stock price volatility:     94 %     94 %
                 
Weighted-average fair value of the options granted:   $ 0.64     $ 0.55  

 

Schedule of option activity

The following table summarizes the option activity for our employees and directors during the year ended December 31, 2018:

 

                Weighted        
          Weighted     Average        
          Average     Remaining        
          Exercise Price     Contractual     Aggregate  
    (rounded)     per     Term     Intrinsic  
Options Shares     Share   (years)    

Value (000s)

 
Outstanding on January 1, 2018     3,141,000     $ 0.73                  
                                 
Granted     571,000     $ 0.80                  
Exercised     (64,000 )   $ 0.45                  
Forfeited or expired     (233,000 )   $ 1.81                  
                                 
Outstanding on December 31, 2018     3,415,000     $ 0.67       5.8     $ 590  
Exercisable on December 31, 2018     2,448,000     $ 0.65       4.7     $ 527  
                                 
Shares available for grant     664,000