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v3.19.1

Stock Options and Award Programs (Tables) | 12 Months Ended
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Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
Nonvested restricted stock shares activity |
|  | 2018 |  |  |  |  |  | 2017 |  |  |  |
NON-VESTED AWARDS |  |  |  |  |  |  |  |  |  |  |  |
Non-vested awards outstanding, January 1, |  |  | - |  |  |  |  |  |  | 250,000 |  |  |  |
Granted (+) |  |  | 980,851 |  | (1) |  |  | 300,000 |  | (2) |  |  |  |  |  |
Cancelled (-) |  |  | - |  |  |  |  | 150,000 |  | (3) |  |  |  |  |  |
Vested (-) |  |  | 680,851 |  | (1) |  |  | 400,000 |  | (3)(4)(5) |  |  |  |  |  |
Non-vested awards outstanding, December 31, |  |  | 300,000 |  |  |  |  |  |  |  | - |  |  |  |  |
Weighted-average remaining contractual life (in years) |  |  | 2.01 |  |  |  |  |  |  |  | - |  |  |  |  |
Unamortized RSA compensation expense |  | $ | 136,310 |  |  |  |  |  |  | $ | - |  |  |  |  |
Aggregate intrinsic value of RSAs non-vested, December 31 |  | $ | 126,000 |  |  |  |  |  |  | $ | - |  |  |  |  |
Aggregate intrinsic value of RSAs vested, December 31 |  | $ | 320,000 |  |  |  |  |  |  | $ | 244,000 |  |  |  |  |
Schedule of valuation assumptions |
|  |  | YEAR ENDED DECEMBER 31, 2018 |  | YEAR ENDED DECEMBER 31, 2017
|  |  | Non-Qualified Stock Option Awards |  | Non-Qualified Stock Option Awards
|  |  | Employees | Directors | Non-Employees | Total |  | Employees | Directors | Non-Employees | Total
Stock options granted |  |  | 100,000 | -- | 50,000 | 150,000 |  | 3,090,000 | 350,000 | 75,000 | 3,515,000
Expected dividend yield |  |  | 0% | -- | 0% | 0% |  | 0% | 0% | 0% | 0%
Expected volatility |  |  | 65.2%-66.7% | -- | 69.5% | 65.2%-6.95% |  | 68.2%-74.2% | 69.6% - 70.1% | 72.5% | 68.2%-72.5%
Risk-free interest rate |  |  | 2.72% - 2.73% | -- | 1.0% | 1.0%-2.73% |  | 1.8% - 2.1% | 1.7% - 2.0% | 1.7% | 1.7%-2.1%
Forfeiture rate |  |  | 4.43% - 4.81% | -- | 10.3% | 4.43%-10.3% |  | 4.6% - 6.8% | 4.2% - 5.9% | 6.6% | 4.2%-6.8%
Expected life |  |  | 5 years | -- | 3 years | 3-5 years |  | 5 years | 7 years | 3 years | 3-7 years
Schedule of nonvested share activity |
|  | 2018 |  |  | 2017 |
|  |  |  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  | Average |  |  |  |  |  |  |  |  | Average |
|  |  |  |  |  |  |  | Grant Date |  |  |  |  |  |  |  |  | Grant Date |
NON-VESTED AWARDS |  | Shares |  |  |  |  |  | Fair Value |  |  | Shares |  |  |  |  |  | Fair Value |
Non-vested balances, January 1, |  |  | 2,685,004 |  |  |  |  |  | $ | 0.35 |  |  |  | 920,000 |  |  |  |  |  | $ | 0.59 |
Granted (+) |  |  | 150,000 |  |  |  | (1 | ) |  | $ | 0.25 |  |  |  | 3,515,000 |  |  |  | (2 | ) |  | $ | 0.36 |
Cancelled (-) |  |  | 50,000 |  |  |  | (3 | ) |  | $ | 0.32 |  |  |  | 860,000 |  |  |  | (3 | ) |  | $ | 0.68 |
Vested/Excercised (-) |  |  | 717,501 |  |  |  |  |  |  | $ | 0.30 |  |  |  | 889,996 |  |  |  |  |  |  | $ | 0.36 |
Non-vested balances, December 31, |  |  | 2,067,503 |  |  |  |  |  |  | $ | 0.36 |  |  |  | 2,685,004 |  |  |  |  |  |  | $ | 0.35 |
Schedule of stock option activity |
|  | 2018 |  |  | 2017 |
|  |  |  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  | Weighted |
|  |  |  |  |  |  |  | Average |  |  |  |  |  |  |  |  | Average |
OUTSTANDING AND EXERCISABLE AWARDS |  | Shares |  |  |  |  |  | Exercise Price |  |  | Shares |  |  |  |  |  | Exercise Price |
Awards outstanding, January 1, |  |  | 4,173,334 |  |  |  |  |  | $ | 0.60 |  |  |  | 2,090,668 |  |  |  |  |  | $ | 0.86 |
Granted (+) |  |  | 150,000 |  |  |  | (1 | ) |  | $ | 0.50 |  |  |  | 3,515,000 |  |  |  | (2 | ) |  | $ | 0.59 |
Cancelled (-) |  |  | 210,000 |  |  |  | (3 | ) |  | $ | 0.83 |  |  |  | 1,402,334 |  |  |  | (3 | ) |  | $ | 0.97 |
Exercised (-) |  |  | 100,000 |  |  |  | (4 | ) |  | $ | 0.44 |  |  |  | 30,000 |  |  |  | (4 | ) |  | $ | 0.57 |
Awards outstanding, December 31, |  |  | 4,013,334 |  |  |  |  |  |  | $ | 0.58 |  |  |  | 4,173,334 |  |  |  |  |  |  | $ | 0.60 |
Awards vested and expected to vest, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, |  |  | 3,422,491 |  |  |  |  |  |  | $ | 0.58 |  |  |  | 3,577,089 |  |  |  |  |  |  | $ | 0.60 |
Awards outstanding and exercisable, |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
December 31, |  |  | 1,945,831 |  |  |  |  |  |  | $ | 0.56 |  |  |  | 1,488,330 |  |  |  |  |  |  | $ | 0.61 |
Schedule of employee service share-based compensation |
|  | YEAR ENDED DECEMBER 31, 2018 |  |  | YEAR ENDED DECEMBER 31, 2017 |
|  | Shared-Based Compensation Expense |  |  | Shared-Based Compensation Expense |
|  | Employees |  |  | Directors |  |  | Non-Employees |  |  | Total |  |  | Employees |  |  | Directors |  |  | Non-Employees |  |  | Total |
Restricted stock compensation expense |  | $ | 67,690 |  |  | $ | 320,000 |  |  | $ | - |  |  | $ | 387,690 |  |  | $ | 157,857 |  |  | $ | - |  |  | $ | - |  |  | $ | 157,857 |
Non-qualified option stock compensation expense |  |  | 291,625 |  |  |  | - |  |  |  | 4,089 |  |  |  | 295,714 |  |  |  | 118,964 |  |  |  | 103,335 |  |  |  | 7,054 |  |  |  | 229,353 |
Total share-based compensation before taxes |  | $ | 359,315 |  |  | $ | 320,000 |  |  | $ | 4,089 |  |  | $ | 683,404 |  |  | $ | 276,821 |  |  | $ | 103,335 |  |  | $ | 7,054 |  |  | $ | 387,210 |

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