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]  
Stock Option Activity
The following summarizes activity related to the Company's stock options and includes 7,250 options issued prior to December 31, 2017 outside of the Amended 2013 Plan:
 
Number of Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining Contract
Term (in years)
 
Aggregate Intrinsic Value
Outstanding - December 31, 2017
23,073

 
$
0.43

 
7.9

 
$
5,406

Granted
3,719

 
0.87

 
—

 
—

Exercised
(1,489
)
 
0.35

 
—

 
—

Forfeited
(528
)
 
0.31

 
—

 
—

Expired
—

 
—

 
—

 
—

Outstanding - December 31, 2018
24,775

 
0.51

 
7.5

 
94,206

 
 
 
 
 
 
 
 
Exercisable - December 31, 2018
22,181

 
0.45

 
7.3

 
85,712

Vested or expected to vest - December 31, 2018
24,775

 
$
0.51

 
7.5

 
$
94,206

Fair value 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 years ended December 31,
 
2018
 
2017
Volatility
90.1%
 
95.5%
Risk-Free Interest Rate
2.6%
 
1.8%
Expected Term (in years)
5.44
 
4.12
Dividend Rate
0.0%
 
0.0%
Fair Value Per Share on Grant Date
$0.72
 
$0.15
Nonvested Stock Option Activity
The following summarizes RSU activity that contain only service requirements to vest for the Amended 2013 Plan:
 
Number of Shares
 
Weighted Average Grant Date Fair Value
RSU's outstanding - December 31, 2017
—

 
$
—

Granted
2,950

 
2.14

Vested
—

 
—

Cancellations
—

 
—

RSU's outstanding - December 31, 2018
2,950

 
$
2.14