Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.19.1
STOCK BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2019
Equity [Abstract]  
Schedule of Share-Based Compensation Activity
The following table is a summary of stock option activity during the three months ended March 31, 2019:
 
 
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, 2018
 
2,486,646

 
$
1.89

 
7.00

 
$
1,550

Options granted
 

 

 

 

Options exercised
 

 

 

 

Options forfeited
 

 

 

 

Outstanding – March 31, 2019
 
2,486,646

 
$
1.89

 
6.75

 
$
2,541

Exercisable – March 31, 2019
 
1,536,425

 
$
1.67

 
5.60

 
$
1,937

The following table is a summary of restricted stock units award activity during the three months ended March 31, 2019:
 
Three Months ended
 
March 31, 2019
 
Number of Shares
 
Weighted Average Grant Date Fair Value
Non-vested at beginning of period
315,292

 
$
2.26

Shares vested
27,184

 
2.34

Non-vested
288,108

 
$
2.26

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 Months ended March 31, 2018 (1)
Volatility
 
104.99%
Expected term (in years)
 
6
Risk-free rate
 
2.24%
Expected dividend yield
 
Weighted-average grant date fair value per option
$
2.24
(1) During the three months ended March 31, 2019, there is no issuance of stock options