Annual report pursuant to Section 13 and 15(d)

Stock Compensation Plan (Tables)

v3.19.1
Stock Compensation Plan (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Assumptions Used to Estimate the Fair Value of Stock Options Granted

The following table summarizes the assumptions used to estimate the fair value of stock options granted during the years ended December 31, 2018 and 2017:

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

Expected dividend yield

 

0%

 

 

0%

 

Weighted-average expected volatility

 

161-163%

 

 

143%

 

Weighted-average risk-free interest rate

 

2.90% - 3.06%

 

 

2.15%

 

Expected life of options

 

10 Years

 

 

10 Years

 

 

Summary of Stock Option Activity

The following table represents stock option activity as of and for the two years ended December 31, 2018 and 2017, respectively:

 

 

 

Number of

Options

 

 

Option

Price Per

Share

 

Weighted

Average

Exercise

Price

 

Outstanding at December 31, 2016

 

 

162,153

 

 

$5.50 – 104.00

 

$

12.80

 

Forfeited

 

 

(7,120

)

 

6.20 – 54.00

 

 

16.50

 

Granted

 

 

105,600

 

 

3.70

 

 

3.70

 

Outstanding at December 31, 2017

 

 

260,633

 

 

$3.70 – 104.00

 

$

9.00

 

Forfeited

 

 

(1,500

)

 

104.00

 

 

104.00

 

Granted

 

 

1,553,000

 

 

0.73 -1.52

 

 

0.80

 

Outstanding at December 31, 2018

 

 

1,812,133

 

 

$0.73 - 100.00

 

$

1.89

 

Exercisable at December 31, 2018

 

 

1,034,127

 

 

$0.73 - 100.00

 

$

2.57