General form of registration statement for all companies including face-amount certificate companies

Stock Options (Tables)

v3.10.0.1
Stock Options (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Activity

A summary of option activity for the years ended December 31, 2018 and 2017 are presented below.

 

          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at December 31, 2016     702,064     $ 4.95       4.03     $ -  
Granted     880,667       2.55       -       -  
Forfeited     (126,667 )     2.40       -       -  
Exercised     -       -       -       -  
Outstanding at December 31, 2017     1,456,064     $ 3.90       2.09     $ -  
Granted     1,400,418       6.75       -       -  
Forfeited     (345,000 )     5.85       -       -  
Exercised     (32,508 )     1.05       -       -  
Outstanding at December 31, 2018     2,478,974     $ 5.25       2.93     $ 2,660,000  
                                 
Vested December 31, 2018     958,115     $ 4.35             $ 2,039,000  
                                 
Exercisable at December 31, 2018     753,654     $ 5.25             $ 889,000  

Schedule of Fair Value Assumptions Using Black-Scholes Method

The fair value of the share option awards was estimated using the Black-Scholes method based on the following weighted-average assumptions:

 

      Years Ended December 31,  
      2018       2017  
Risk-free interest rate     2.25%-3.00 %     1.22%-2.23 %
Average expected term (years)     5 years       5 years  
Expected volatility     184.45%-190.22 %     84.36%-173.92 %
Expected dividend yield     -       -