XML 17 R18.htm IDEA: XBRL DOCUMENT
v3.19.3

Shareholders' Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2019
Equity [Abstract] |
Schedule of stockholders equity |
|  | Nine Months Ended September 30, 2019 (Unaudited) |  |  |  |  |  |  |  |  |
|  |  | Common Stock |  |  |  | Treasury Stock |  |  |  | Additional Paid-In Capital |  |  |  | Accumulated Deficit |  |  |  | Total |
January 1, 2019 |  |  | $ | 38,967 |  |  | $ | (18,929,915) |  |  |  | $ | 94,385,230 |  |  |  | $ | (33,043,113) |  |  |  | $ | 42,451,169 |
Stock-based compensation |  |  | — |  |  | — |  |  |  | 309,563 |  |  |  | — |  |  |  | 309,563 |
Net loss |  |  | — |  |  | — |  |  |  | — |  |  |  | (2,175,258) |  |  |  | (2,175,258) |
March 31, 2019 |  |  | 38,967 |  |  | (18,929,915) |  |  |  | 94,694,793 |  |  |  | (35,218,371) |  |  |  | 40,585,474 |
Stock issued |  |  | 398 |  |  | — |  |  |  | 148,782 |  |  |  | — |  |  |  | 149,180 |
Stock-based compensation |  |  | — |  |  | — |  |  |  | 580,603 |  |  |  | — |  |  |  | 580,603 |
Net loss |  |  | — |  |  | — |  |  |  | — |  |  |  | (2,695,792) |  |  |  | (2,695,792) |
June 30, 2019 |  |  | 39,365 |  |  | (18,929,915) |  |  |  | 95,424,178 |  |  |  | (37,914,163) |  |  |  | 38,619,465 |
Stock issued |  |  | 102 |  |  | — |  |  |  | 179,308 |  |  |  | — |  |  |  | 179,410 |
Stock-based compensation |  |  | — |  |  | — |  |  |  | 144,180 |  |  |  | — |  |  |  | 144,180 |
Net loss |  |  | — |  |  | — |  |  |  | — |  |  |  | (1,698,384) |  |  |  | (1,698,384) |
September 30, 2019 |  |  | $ | 39,467 |  |  | $ | (18,929,915) |  |  |  | $ | 95,747,666 |  |  |  | $ | (39,612,547) |  |  |  | $ | 37,244,671 |
|  |  | Nine Months Ended September 30, 2018 (Unaudited) |  |  |  |  |  |  |  |  |
|  |  | Common Stock |  |  | Treasury Stock |  |  |  | Additional Paid-In Capital |  |  | Accumulated Deficit |  |  | Total
January 1, 2018 |  |  | $ | 38,937 |  |  | $ | (16,625,873) |  |  |  | $ | 93,913,557 |  |  | $ | (27,351,357) |  |  | $ | 49,975,264 |
Stock repurchased |  |  | — |  |  | (374,820) |  |  |  | — |  |  | — |  |  | (374,820) |
Stock-based compensation |  |  | — |  |  | — |  |  |  | 269,596 |  |  | — |  |  | 269,596 |
Net loss |  |  | — |  |  | — |  |  |  | — |  |  | (2,043,292) |  |  | (2,043,292) |
March 31, 2018 |  |  | 38,937 |  |  | (17,000,693) |  |  |  | 94,183,153 |  |  | (29,394,649) |  |  | 47,826,748 |
Stock-based compensation |  | — |  |  | — |  |  | 73,425 |  |  | — |  |  | 73,425 |
Net loss |  |  | — |  |  | — |  |  | — |  |  | (1,596,637) |  |  | (1,596,637) |
June 30, 2018 |  | 38,937 |  |  | (17,000,693) |  |  | 94,256,578 |  |  | (30,991,286) |  |  | 46,303,536 |
Stock repurchased |  |  |  |  | (1,929,222) |  |  |  |  |  | — |  |  | (1,929,222) |
Stock-based compensation |  | — |  |  |  |  |  | 70,619 |  |  | — |  |  | 70,619 |
Stock issued |  |  | 30 |  |  | — |  |  |  | 4,470 |  |  |  |  |  |  |  | 4,500 |
Net loss |  | — |  |  | — |  |  | — |  |  | (1,539,495) |  |  | (1,539,495) |
September 30, 2018 |  | $ | 38,967 |  |  | $ | (18,929,915) |  |  | $ | 94,331,667 |  |  | $ | (32,530,781) |  |  | $ | 42,909,938 |
Schedule of stock repurchase activity | The following table summarizes the Company’s stock repurchase activities:
Period |  | Total Number of Shares Purchased |  | Average Price Paid per Share |  | Amount |  | Total Number of Treasury Shares Purchased as Part of Publicly Announced Plan |  | Maximum Dollar Value of Shares that May Yet Be Purchased Under the Plan
Privately Negotiated Transactions: |  |  |  |  |  |  |  |  |  |
January 12, 2016 - Abengoa repurchased and retired shares |  | 2,136,752 |  |  | $ | 1.35 |  |  | $ | 2,884,615 |  |  | — |  |  | N/A
January 11, 2017 - Pinnacle Family Office Investments L.P. repurchased shares |  | 2,363,590 |  |  | 1.54 |  |  | 3,639,929 |  |  | 2,363,590 |  |  | N/A
|  |  |  |  |  |  |  |  |  | $ | 15,000,000 |
2016 Stock Repurchase Program: |  |  |  |  |  |  |  |  |  |
January through February 2017 |  | 7,863,980 |  |  | 1.58 |  |  | 12,448,283 |  |  | 7,863,980 |  |  | $ | 2,551,717 |
2017 Stock Repurchase Program: |  |  |  |  |  |  |  |  |  | $ | 5,000,000 |
September through December 2017 |  | 381,607 |  |  | 1.41 |  |  | 537,661 |  |  | 381,607 |  |  | $ | 4,462,339 |
January through August 2018 |  | 1,644,325 |  |  | 1.40 |  |  | 2,304,042 |  |  | 1,644,325 |  |  | $ | 2,158,297 |
Total open market and privately negotiated purchases |  | 14,390,254 |  |  | $ | 1.52 |  |  | $ | 21,814,530 |  |  | 12,253,502 |  |  |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration