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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended | 10 Months Ended
--- | --- | ---
Sep. 30, 2018 | Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |  |
Schedule of fair value of the stock options granted Black-Scholes option valuation model | The risk-free interest rate was selected based upon yields of the U.S. Treasury issues with a term equal to the expected life of the option being valued:
|  | September 30, |
|  | 2018 |  | 2017 |
Dividend yield |  |  | 0.00% |  |  | 0.00% |
Expected Volatility |  |  | 62.8 - 65.2% |  |  | 70.1 - 72.20% |
Weighted-average volatility |  |  | — |  |  | — |
Expected dividends |  |  | — |  |  | — |
Expected term (in years) |  |  | 5 Years |  |  | 5 Years |
Risk-free rate |  |  | 2.80 - 2.90% |  |  | 2.30 - 2.48% |
| The risk-free interest rate was selected based upon yields of the U.S. Treasury issues with a term equal to the expected life of the option being valued:
|  | December 31, 2017 |  | February 28, 2017 |
Dividend yield |  |  | 0.00% |  |  | 0.00% |
Expected Volatility |  |  | 70.1%-72.2% |  |  | 59.00%-70.90% |
Weighted-average volatility |  |  | — |  |  | — |
Expected dividends |  |  | — |  |  | — |
Expected term (in years) |  |  | 5 Years |  |  | 5 Years |
Risk-free rate |  |  | 2.30%-2.36% |  |  | 2.17%-2.48% |
Schedule of stock option plan | The following table summarizes the status of the Plan:
|  | Nine months Ended September 30, |
|  | 2018 |  | 2017 |
|  | Shares |  | Weighted Average Exercise Price |  | Shares |  | Weighted Average Exercise Price |
Outstanding at January 1 |  | 1,038,000 |  | $ | 0.41 |  |  | 905,000 |  | $ | 0.37 |
Granted |  | 1,018,000 |  | $ | 1.23 |  |  | 568,000 |  | $ | 0.41 |
Exercised |  | 125,000 |  | $ | 0.41 |  |  | — |  | $ | — |
Forfeited |  | 12,000 |  | $ | 0.87 |  |  | 310,000 |  | $ | 0.36 |
Outstanding at September 30 |  | 1,919,000 |  | $ | 0.85 |  |  | 1,163,000 |  | $ | 0.40 |
Options exercisable at September 30 |  | 666,969 |  | $ | 0.40 |  |  | 573,000 |  | $ | 0.38 |
Stock-based compensation expense |  | — |  | $ | 51,592 |  |  | — |  | $ | (13,979 | )
| The following table summarizes the status of the Company’s stock option plan:
|  | December 31, 2017 |  | February 28, 2017 |
|  | Shares |  | Weighted Average Exercise Price |  | Shares |  | Weighted Average Exercise Price |
Outstanding at March 1 |  |  | 1,345,000 |  | $ | 0.39 |  |  | 1,060,000 |  | $ | 0.37 |
Granted |  |  | 318,000 |  | $ | 0.49 |  |  | 500,000 |  | $ | 0.41 |
Exercised |  |  | — |  | $ | — |  |  | — |  | $ | — |
Forfeited |  |  | 625,000 |  | $ | 0.39 |  |  | 215,000 |  | $ | 0.36 |
Outstanding at year end |  |  | 1,038,000 |  | $ | 0.41 |  |  | 1,345,000 |  | $ | 0.39 |
Options exercisable |  |  | 737,010 |  | $ | 0.38 |  |  | — |  | $ | — |
Weighted average fair value of options granted during the period |  |  | — |  | $ | 0.29 |  |  | — |  | $ | 0.21 |
Stock-based compensation expense |  |  | — |  | $ | (4,417 | ) |  | — |  | $ | 115,828 |
Schedule of information pertaining to options outstanding | The following table presents information pertaining to options outstanding at September 30, 2018:
Range of Exercise Price |  | Number Outstanding |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price |  | Number Exercisable |  | Weighted Average Exercise Price |
$0.36 - $1.33 |  | 1,919,000 |  | 5 years |  | $ | 0.85 |  | 666,969 |  | $ | 0.40 |
| The following table presents information pertaining to options outstanding at December 31, 2017:
Range of Exercise Price |  | Number Outstanding |  | Weighted Average Remaining Contractual Life |  | Weighted Average Exercise Price |  | Number Exercisable |  | Weighted Average Exercise Price |
$0.36-0.50 |  | 1,038,000 |  | 5 years |  | $ | 0.41 |  | 737,010 |  | $ | 0.38 |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5070-113901 + Details
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