XML 32 R22.htm IDEA: XBRL DOCUMENT v3.10.0.1
Share Based Compensation (Tables)
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Share-based Compensation

All stock-based compensation is included in operating expenses for the periods as follows:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,  
    2018     2017     2018     2017  
Compensation cost recognized:                                
Selling, general & administrative   $ 57,719     $ 88,040     $ 112,153     $ 177,158  
Research & development     6,274       6,678       12,548       14,360  
    $ 63,993     $ 94,718     $ 124,701     $ 191,518  

Schedule of Stock Option Activity

Stock option activity under the 1998, 1999, 2001, 2003, 2006 and 2015 Stock Option Plans (collectively, the “Plans”) during the periods indicated below were as follows:

 

    Number of Shares Subject to Issuance    

Weighted-average Exercise

Price

   

Weighted-average Remaining Contractual

Term

   

Aggregate Intrinsic

Value

 
                         
Outstanding at December 31, 2017     1,631,358     $ 1.36       1.70 years     $ 2,106,669  
                                 
Granted     102,500       2.86                  
Forfeited or expired     (65,688 )     (4.22 )                
Exercised     (593,838 )     1.16                  
Outstanding at June 30, 2018     1,074,332     $ 1.44       2.42 years     $ 1,031,006  
                                 
Exercisable at June 30, 2018     811,988     $ 1.30       2.16 years     $ 862,310  

Schedule of Restricted Stock Units Outstanding

    Number of
Shares
    Weighted
Average
Grant Date
Fair Value
    Aggregate
Intrinsic
Value
 
                   
Outstanding at December 31, 2017     5,859     $ 2.56     $ -  
Granted     23,253       1.95          
Vested and settled in shares     (22,155 )     2.00          
                         
Outstanding at June 30, 2018     6,957     $ 2.30     $ -