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
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock Option Activity
The following summarizes activity related to the Company's stock options and includes 7,250,000 options issued prior to December 31, 2018 outside of the Amended and Restated 2013 Equity Incentive Plan (the "Amended 2013 Plan") (in thousands, except per share data):
 
Number of Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining Contract
Term (in years)
 
Aggregate Intrinsic Value
Outstanding - December 31, 2018
24,775

 
$
0.51

 
7.5

 
$
94,206

Granted
1,730

 
4.45

 
—

 
—

Exercised
(589)

 
0.35

 
—

 
—

Forfeited
(86)

 
0.62

 
—

 
—

Expired
—

 
—

 
—

 
—

Outstanding - March 31, 2019
25,830

 
0.77

 
6.7

 
132,904

 
 
 
 
 
 
 
 
Exercisable - March 31, 2019
22,071

 
0.46

 
6.3

 
120,525

Vested or expected to vest - March 31, 2019
25,830

 
$
0.77

 
6.7

 
$
132,904

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:
 
For the three months ended March 31,
 
2019
 
2018
Volatility
113.9%
 
90.5%
Risk-Free Interest Rate
2.5%
 
2.6%
Expected Term (in years)
5.72
 
5.37
Dividend Rate
—%
 
—%
Fair Value Per Share on Grant Date
$4.03
 
$0.30
Nonvested Stock Option Activity
The following summarizes RSU activity that contain only service requirements to vest for the Amended 2013 Plan (in thousands, except per share data):
 
Number of Shares
 
Weighted Average Grant Date Fair Value
RSU's outstanding - December 31, 2018
2,950
 
$
2.14

Granted
—

 
—

Vested
(2,950
)
 
2.14
Cancellations
—

 
—

RSU's outstanding - March 31, 2019
—

 
$
—