Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.10.0.1
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2018:

 

   

Number of

Options

   

Weighted

Average

Exercise

Price

   

Weighted

Average

Remaining

Contractual

Life

(in Years)

   

Aggregate

Intrinsic

Value

 
Outstanding - December 31, 2017     246,564     $ 11.17       9.1     $ -  
Granted     250,000       2.82                  
Exercised     -       -                  
Forfeited/Canceled/Expired     (125)       27.6                  
Outstanding – June 30, 2018     496,439     $ 6.97       9.2     $ 250,000  
                                 
Exercisable – June 30, 2018     249,772     $ 8.52       9.0     $ 83.333  

Schedule of Fair Value Measurement Assumptions

These options had an aggregate fair value of $540,000, using the Black-Scholes option-pricing model with the following assumptions:

 

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

Schedule of Restricted Stock Award Activity

A summary of the restricted stock award activity for the six months ended June 30, 2018 is as follows:

 

    Number of 
Shares
 
       
Unvested Outstanding at December 31, 2017     15,544  
Granted     40,460  
Forfeited     -  
Vested     (15,544 )
Unvested Outstanding at June 30, 2018     40,460