Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the years ended December 31, 2018 and 2017:

 

    Number of
Options 		    Weighted
Average
Exercise
Price 		    Weighted
Average
Remaining
Contractual
Life
(in Years) 		    Aggregate
Intrinsic
Value 		 
Outstanding – January 1, 2018     246,564     $ 11.17                 9.1     $         -  
Granted     253,000       2.82                  
Exercised     -       -                  
Forfeited or Canceled     (125 )     27.6                  
Outstanding – December 31, 2018     499,439     $ 6.94       9.0     $ -  
                                 
Exercisable – December 31, 2018     251,272       8.49       8.8     $ -  

 

    Number of
Options 		    Weighted
Average
Exercise
Price 		    Weighted
Average
Remaining
Contractual
Life
(in Years) 		    Aggregate
Intrinsic
Value 		 
Outstanding – January 1, 2017     69,950     $ 12.07       9.0     $              -  
Granted     240,000       10.72                  
Exercised     -       -                  
Forfeited or Canceled     (63,386 )     (10.46 )                
Outstanding – December 31, 2017     246,564     $ 11.17       9.1     $ -  
                                 
Exercisable – December 31, 2017     86,564       12.00       9.0     $ -  

Schedule of Fair Value Measurement Assumptions

Risk-free interest rate   2.77% to 2.82 %
Expected dividend yield     0.00 %
Expected volatility     97.4 to 98.8 %
Expected term     5.4 to 5.5 years  

Schedule of Restricted Stock Award Activity

A summary of restricted stock activity for the year ended December 31, 2018 is as follows:

 

    Number of
Shares 		 
Unvested - December 31, 2017     15,544  
Granted     60,651  
Vested     (15,544 )
Forfeited or Canceled     -  
Unvested – December 31, 2018     60,651