Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.19.1
Share-based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Stock Options and Grants [Abstract]  
Schedule of stock-based compensation expense included in statement of operations



Three Months Ended

March 31,





2019
2018

 

Payroll and related expenses

   

$

162,493

   

   

$

79,989

   

 

       Total

   

$

162,493

   

 

$

79,989

   




Three Months Ended

March 31,





 2019

2018

 

Stock options

   

$

32,098

  

  

$

79,989

   

 

Restricted stock units

   

 

130,395

  

  

 

   


Total
$ 162,493

$ 79,989
Summary of fair value stock-based option awards granted using Black-Scholes option valuation model

 

 

 

2019

 


  2018

 

Expected dividend yield

 

 

%



%

 

Expected stock volatility

 

 

68.35

%



25.70 %

 

Risk-free interest rate

 

 

2.44

%



2.56 %

 

Expected life

 

 

3.00

 



5.00
Summary of employee stock option activity

 

 

 

 Shares

 

 

Weighted Average Fair Value Per Share

 

 

Weighted
Average Exercise Price Per Share

 

 

Weighted Average Remaining Terms (in years)

 

 

Aggregate Intrinsic Value

 

 

Outstanding – December 31, 2018

 

 

1,105,059

 

 

$

1.24

 

 

$

4.06

 

 

 

8.41

 

 

$

 

 

Granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(25,000

)

 

 

 

 

 

 

 

 


 

 

 

 

 

 

Outstanding – March 31, 2019

 

 

1,080,059

 

 

 

1.24

 

 

 

4.05

 

 

 

8.15

 

 

$

 

 

Exercisable – December 31, 2018

 

 

949,355

 

 

 

1.23

 

 

 

4.00

 

 

 

8.30

 

 

 

 

 

Exercisable – March 31, 2019

 

 

970,190

 

 

$

1.23

 

 

$

4.01

 

 

 

8.07

 

 

$

 

Schedule of RSU activities


    Number of Shares

 

Non-vested balance at January 1, 2019



22,364

 

Granted



324,572

Vested

Forfeited/Expired

Non-vested balance at March 31, 2019 
346,936