Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.10.0.1
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2018
Equity [Abstract]  
Schedule of Share-Based Compensation Activity
 
Nine Months Ended
 
September 30, 2018
 
Number of Shares
 
Weighted Average Grant Date Fair Value
Non-vested at beginning of period
438,712

 
$
2.28

Shares granted
200,000

 
$
3.16

Shares vested
(96,236
)
 
$
2.33

Shares forfeited

 

 
 
 
 
Non-vested
542,476

 
$
2.60

The following table is a summary of stock option activity during the nine months ended September 30, 2018:
 
 
Number of
Options Outstanding
 
Weighted Average Exercise Price
 
Weighted Average Remaining Contractual Life (in years)
 
Aggregate Intrinsic Value (in thousands)
Outstanding 2013 & 2014 Plans – December 31, 2017
 
2,341,340

 
$
1.77

 
5.78

 
$
1,087

Options granted
 
376,667

 
$
2.41

 
9.41

 
$
716

Options exercised
 
(143,026
)
 
$
1.61

 

 

Options forfeited
 

 

 

 

Options expired
 

 

 

 

Outstanding – September 30, 2018
 
2,574,981

 
$
1.88

 
7.21

 
$
6,268

Exercisable – September 30, 2018
 
1,352,795

 
$
1.59

 
5.53

 
$
3,673

Schedule of Weighted-Average Black-Scholes Option Pricing Model Assumptions
The assumptions used in the Black-Scholes option-pricing model and the weighted-average grant date fair value of the option awards for the periods presented were as follows:
 
Three and Nine Months Ended September 30, 2018
 
Three and Nine Months Ended September 30, 2017
Volatility
 
105%
 
 
132% - 141%
Expected term (in years)
 
6
 
 
6
Risk-free rate
 
2.24%
 
 
1.82% - 2.19%
Expected dividend yield
 
 
 
Weighted-average grant date fair value per option
$
2.24
 
$
1.45 - 3.32