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 Share-based Compensation, Stock Options, Activity
The following is a summary of stock option activity during the years ended December 31, 2018 and 2017:
 
Number of
Options
Outstanding
 
Weighted
Average
Exercise Price
 
Average
Remaining
Contractual
Life (in years)
 
Aggregate
Intrinsic
Value
(thousands)
Outstanding – December 31, 2016
1,607,346

 
$
0.83

 
7.07
 
$

Options granted
898,334

 
2.13

 
 
 
 
Options exercised
141,840

 
1.60

 
 
 
 
Options forfeited
22,500

 
1.78

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding – December 31, 2017
2,341,340

 
$
1.77

 
5.78
 
$
1,087

Options granted
376,667

 
2.41

 
 
 
 
Options exercised
224,400

 
1.59

 
 
 
 
Options forfeited
6,961

 
1.42

 
 
 
 
 
 
 
 
 
 
 
 
Outstanding – December 31, 2018
2,486,646

 
$
1.89

 
7.01
 
$
1,550

 
 
 
 
 
 
 
 
Exercisable – December 31, 2018
1,450,458

 
$
1.66

 
5.70
 
$
1,235

 
 
 
 
 
 
 
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
For the years ended December 31, 2018 and 2017, the assumptions used in the Black-Scholes option pricing model, which was used to estimate the grant date fair value per option, were as follows:
 
2018
 
2017
 
Employee
Grants
 
Employee
Grants
Weighted-average Black-Scholes option pricing model assumptions:
 
 
 
Volatility
82.00
%
 
138.90
%
Expected term (in years)
6

 
6

Risk-free rate
2.24
%
 
2.00
%
Expected dividend yield
0.0
%
 
0.0
%
Weighted average grant date fair value per share
$
2.22

 
$
2.05

Schedule of Share-based Compensation, Restricted Stock Units Award Activity
The following is a summary of non-vested RSUs award activity for the years ended December 31, 2018 and 2017:
 
2018
 
2017
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
 
Number of
Shares
 
Weighted Average
Grant Date
Fair Value
Non-vested
438,712

 
$
2.28

 
185,260

 
$
2.67

Shares granted
200,000

 
3.16

 
576,212

 
1.95

Shares vested
323,420

 
2.84

 
322,760

 
1.92

 
 
 
 
 
 
 
 
Non-vested
315,292

 
$
2.26

 
438,712

 
$
2.28