XML 39 R29.htm IDEA: XBRL DOCUMENT v3.19.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Awards and Restricted Stock Grants

A summary of stock option awards and restricted stock grants for the six-months ended June 30, 2019 is presented below:

 

   Stock Options   Restricted Stock Awards   Weighted
Average
 
   Options
Outstanding
  

Weighted

Average

Exercise

Price

   Non-vested
Restricted
Stock
Outstanding
  

Weighted

Average

Grant

Date

Fair Value

   Contractual
Terms of
Equity
Awards
(in years)
 
Equity awards outstanding at January 1, 2019   3,148,743   $2.67    22,500   $2.72      
                          
Equity awards granted   805,004   $2.16    15,500   $2.17      
                          
Vested and issued   -   $-    (10,500)  $2.49      
                          
Equity awards forfeited, cancelled or expired   (11,355)  $2.37    -   $-      
                          
Equity awards outstanding at June 30, 2019   3,942,392   $2.56    27,500   $2.30    8.9 
                          
Aggregate intrinsic value of outstanding equity awards at June 30, 2019  $-        $27,500           
                          
Equity awards exercisable at June 30, 2019   2,420,261   $2.77              8.7 
                          
Aggregate intrinsic value of equity awards exercisable at June 30, 2019  $50,050                     
Schedule of Assumptions Used to Determine Fair Value of Options Granted

The Company used the following assumptions for determining the fair value of options granted under the Black-Scholes option pricing model:

 

  

Six Months Ended

June 30,

 
   2019   2018 
Risk-free interest rate   2.42% - 2.65%   3.08%
Expected volatility   101.3 -106.2%   99.9 - 100.0%
Expected life (in years)   7.5 - 9.3    9.5-10.0 
Expected dividend yield   -%   -%