XML 54 R26.htm IDEA: XBRL DOCUMENT
v3.19.3

Stock-Based Compensation (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Share-based Payment Arrangement [Abstract] |
Schedule of stock-based compensation expense | The amount of stock-based compensation expense is as follows:
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2019 |  |  | 2018 |  |  | 2019 |  |  | 2018 |
Stock options |  | $ | 33,975 |  |  | $ | 28,445 |  |  | $ | 113,857 |  |  | $ | 64,820 |
Restricted stock awards |  |  | 2,697 |  |  |  | 16,773 |  |  |  | 14,613 |  |  |  | 60,419 |
Total |  | $ | 36,672 |  |  | $ | 45,218 |  |  | $ | 128,470 |  |  | $ | 125,239 |
Schedule of estimated fair value of stock options | The Company estimated the fair value of stock options using the Black-Scholes-Merton option pricing model with the following assumptions:
|  | Nine months ended September 30, |
|  | 2019 |  |  | 2018 |
Number of options awarded to purchase common shares |  |  | 10,000 |  |  |  | 105,750 |
Risk-free interest rate |  |  | 1.50% |  |  |  | 2.6% - 2.8% |
Expected volatility |  |  | 100.3% |  |  |  | 149.3 - 154.3% |
Assumed dividend yield |  |  | N/A |  |  |  | N/A |
Expected life of options from the date of grant |  |  | 9.8 years |  |  |  | 9.8 years |
Schedule of unrecognized compensation cost from unvested awards | The estimated unrecognized compensation cost from unvested awards which will be recognized ratably over the remaining vesting phase is as follows:
Years ended December 31st: |  |  | Unvested stock options |  |  | Unvested restricted stock awards |  |  | Total unrecognized compensation expense |
2019 (remaining three months) |  |  |  | 36,909 |  |  |  | 1,061 |  |  |  | 37,970 |
2020 |  |  |  | 113,378 |  |  |  | 4,251 |  |  |  | 117,629 |
2021 |  |  |  | 70,896 |  |  |  | 706 |  |  |  | 71,602 |
2022 |  |  |  | 3,722 |  |  |  | — |  |  |  | 3,722 |
|  |  | $ | 224,905 |  |  | $ | 6,018 |  |  | $ | 230,923 |
Schedule of stock option activity under Equity Incentive Plan | Stock option activity under our Equity Incentive Plan is summarized as follows:
|  |  |  |  |  |  |  |  |  |  |  | Weighted avg. |  |  |  |
|  |  |  |  |  | Weighted avg. |  |  | Weighted avg. |  |  | remaining |  |  |  |
|  |  | Number of |  |  | exercise price |  |  | grant date fair |  |  | contractual life |  |  | Aggregate |
|  |  | awards |  |  | per share |  |  | value per share |  |  | (in years) |  |  | intrinsic value |
Outstanding, December 31, 2018 |  |  |  | 434,451 |  |  | $ | 1.49 |  |  | $ | 1.47 |  |  |  | 6.91 |  |  | $ | 230,039 |
Granted |  |  |  | 10,000 |  |  | $ | 1.53 |  |  | $ | 1.71 |  |  |  | 10.00 |  |  | $ | — |
Exercised |  |  |  | — |  |  | $ | — |  |  | $ | — |  |  |  | — |  |  | $ | — |
Expired/Forfeited |  |  |  | (7,325 | ) |  | $ | 1.83 |  |  | $ | 1.86 |  |  |  | — |  |  | $ | — |
Outstanding, September 30, 2019 |  |  |  | 437,126 |  |  | $ | 1.46 |  |  | $ | 1.49 |  |  |  | 6.23 |  |  | $ | 148,775 |
Exercisable, September 30, 2019 |  |  |  | 256,919 |  |  | $ | 1.21 |  |  | $ | 1.22 |  |  |  | 4.43 |  |  | $ | 148,775 |
Unvested, September 30, 2019 |  |  |  | 180,207 |  |  | $ | 1.81 |  |  | $ | 1.88 |  |  |  | 8.78 |  |  | $ | — |
Schedule of restricted stock activity under Equity Incentive Plan | Restricted stock activity under our Equity Incentive Plan is summarized as follows:
|  |  |  |  |  | Weighted avg. |
|  |  | Number of |  |  | grant date |
|  |  | options |  |  | fair value |
Non-vested restricted shares, December 31, 2018 |  |  |  | 30,000 |  |  | $ | 2.38 |
Granted |  |  |  | — |  |  | $ | — |
Vested |  |  |  | (25,000 | ) |  | $ | 2.35 |
Forfeited |  |  |  | — |  |  | $ | — |
Non-vested restricted shares, September 30, 2019 |  |  |  | 5,000 |  |  | $ | 2.55 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
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 activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, 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 (e) -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 (c)(2) -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 (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationActivityTableTextBlock
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 Tabular disclosure of cost not yet recognized and weighted-average period over which cost is expected to be recognized for nonvested award under share-based payment arrangement. + 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 (i) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfUnrecognizedCompensationCostNonvestedAwardsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Represents information related to schedule of stockbased compensation expense. + References No definition available. + Details
Name: | wfcf_ScheduleOfStockbasedCompensationExpense
Namespace Prefix: | wfcf_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration