XML 77 R23.htm IDEA: XBRL DOCUMENT
v3.20.1

Stockholders' Equity (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2020
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Nonvested Restricted Stock Shares Activity [Table Text Block] | The following table contains summarized information about restricted stock issued during the year ended December 31, 2019 and the three months ended March 31, 2020:
Restricted Stock | Common Shares | Weighted Average Grant Date Fair Value | Weighted Average Remaining Years to Vest
Nonvested at December 31, 2018 | 57,984 |  | $ | 3.70 |  | 1.4
Granted | 120,512 |  | 1.60 |  |
Vested | (139,157 | ) | 2.24 |  |
Forfeited | (8,057 | ) | 3.18 |  |
Nonvested at December 31, 2019 | 31,282 |  | $ | 2.15 |  | 1.9
Granted | 390,625 |  | 0.32 |  |
Vested | (104,833 | ) | 0.42 |  |
Forfeited | — |  |  |
Nonvested at March 31, 2020 | 317,074 |  | $ | 0.47 |  | 0.8
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] | The following table contains summarized information about restricted stock units during the year ended December 31, 2019 and the three months ended March 31, 2020:
Restricted Stock Units | Common Shares | Weighted Average Grant Date Fair Value | Weighted Average Remaining Years to Vest
Nonvested at December 31, 2018 | 160,000 |  | $ | 1.04 |  | 1.0
Granted | 410,437 |  | 0.40 |  |
Vested | (149,290 | ) | 0.79 |  |
Forfeited | (54,335 | ) | 1.04 |  |
Nonvested at December 31, 2019 | 366,812 |  | $ | 0.42 |  | 3.2
Granted | 684,994 |  | 0.28 |  |
Vested | (34,046 | ) | 0.31 |  |
Forfeited | (5,000 | ) | 0.28 |  |
Nonvested at March 31, 2020 | 1,012,760 |  | $ | 0.32 |  | 1.8
Share-based Payment Arrangement, Option, Activity [Table Text Block] | A summary of option activity under the 2011 Equity Incentive Plans during the year ended December 31, 2019 and the three months ended March 31, 2020, is presented below:
Options Outstanding | Common Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Life (Years)
Outstanding at December 31, 2018 | 1,040,477 |  |  | $ | 5.23 |  |  | 6.5
Granted | 586,552 |  |  | 0.67 |  |  |
Expired | (147,313 | ) |  | 7.59 |  |  |
Forfeited | (121,879 | ) |  | 2.70 |  |  |
Outstanding at December 31, 2019 | 1,357,837 |  |  | $ | 3.24 |  |  | 7.2
Granted | 8,917 |  |  | 0.25 |  |  |
Expired | — |  |  | — |  |  |
Forfeited | (20,399 | ) |  | 5.36 |  |  |
Outstanding at March 31, 2020 | 1,346,355 |  |  | $ | 3.18 |  |  | 7.0
Exercisable at March 31, 2020 | 795,928 |  |  | $ | 4.64 |  |  | 5.7
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] | The Company used the following assumptions for stock options granted under the 2011 Equity Incentive Plans during the three months ended March 31, 2020 and 2019:
| Three Months Ended
2011 Equity Incentive Plans Assumptions | March 31, 2020 |  | March 31, 2019
Expected term | 6 years |  | 6 years
Weighted average volatility | 101.92% |  | 63.37%
Weighted average risk-free interest rate | 1.71% |  | 2.52%
Expected dividends | — |  | —
Weighted average expected forfeiture rate | 15.32% |  | 7.82%
The following table shows the number of stock options granted under the Company’s 2011 Equity Incentive Plans and the assumptions used to determine the fair value of those options during the three months ended March 31, 2020 and 2019:
Period Ended |  | Total Stock Options Granted |  | Weighted-Average Exercise Price |  | Weighted-Average Expected Term |  | Weighted-Average Volatility |  | Weighted-Average Risk-Free Interest Rate |  | Weighted-Average Grant Date Fair Value
March 31, 2019 |  | 30,542 |  | $1.46 |  | 6 years |  | 63.37% |  | 2.52% |  | $0.91
March 31, 2020 |  | 8,917 |  | $0.25 |  | 6 years |  | 101.92% |  | 1.71% |  | $0.16
Schedule of Share-based Compensation, Employee Stock Purchase Plan, Activity [Table Text Block] | Total stock-based compensation expense recognized on restricted stock, restricted stock units, stock options and the employee stock purchase plan issuances during the three months ended March 31, 2020 and 2019 was recorded in the Company’s consolidated statements of operations as follows:
|  | Three Months Ended March 31,
|  | 2020 |  | 2019
Cost of revenue |  | $ | 7,004 |  |  | $ | 2,886 |
Sales and marketing |  | $ | 22,056 |  |  | $ | 6,336 |
General and administrative |  | $ | 100,511 |  |  | $ | 151,655 |
Total stock-based compensation |  | $ | 129,571 |  |  | $ | 160,877 |
Stock options |
Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
Schedule of Nonvested Share Activity [Table Text Block] | A summary of the nonvested stock option activity under the 2011 Equity Incentive Plans during the year ended December 31, 2019 and the three months ended March 31, 2020, is presented below:
Nonvested Options | Common Shares |  | Weighted Average Grant Date Fair Value |  | Weighted Average Remaining Years to Vest
Nonvested at December 31, 2018 | 300,510 |  |  | $ | 0.80 |  |  | 2.4
Granted | 586,552 |  |  | 0.40 |  |  |
Vested | (197,202 | ) |  | 1.44 |  |  |
Forfeited | (89,081 | ) |  | 0.80 |  |  |
Nonvested at December 31, 2019 | 600,779 |  |  | $ | 0.64 |  |  | 3.0
Granted | 8,917 |  |  | 0.16 |  |  |
Vested | (56,128 | ) |  | 1.20 |  |  |
Forfeited | (3,141 | ) |  | 0.88 |  |  |
Nonvested at March 31, 2020 | 550,427 |  |  | $ | 0.56 |  |  | 2.8

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + 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 (c) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested shares. + 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 (c)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedShareActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of employee stock purchase plan activity. + 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 (g) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationEmployeeStockPurchasePlanActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=116856206&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=116856206&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=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- 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=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table. + References No definition available. + Details
Name: | us-gaap_ShareBasedCompensationArrangementByShareBasedPaymentAwardLineItems
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_AwardTypeAxis=us-gaap_EmployeeStockOptionMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |