Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions (Tables)

v3.19.2
Equity Transactions (Tables)
6 Months Ended
Jun. 30, 2019
Equity [Abstract]  
Schedule of Stock Option Activity

A summary of option activity for the six months ended June 30, 2019 is presented below.

 

                Weighted-        
          Weighted-     Average        
          Average     Remaining     Aggregate  
          Exercise     Contractual     Intrinsic  
    Options     Price     Life (Years)     Value  
                         
Outstanding at December 31, 2018     2,478,974     $ 5.25       2.93     $ 2,660,000  
Granted     590,500       4.41       -       -  
Forfeited     (236,667 )     5.57       -       -  
Exercised     -       -       -       -  
Outstanding at June 30, 2019     2,832,807     $ 5.10       2.80     $ 480,000  
                                 
Vested June 30, 2019     1,424,608     $ 4.51             $ 427,000  
                                 
Exercisable at June 30, 2019     802,307     $ 5.12             $ 153,000  

Schedule of Fair Value Assumptions Using Black-Scholes Method

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

 

    Six Months Ended June 30,  
    2019     2018  
Risk-free interest rate     1.91 - 2.75 %     2.25 – 2.85 %
Average expected term (years)     5 years       5 years  
Expected volatility     201.3 -241.7 %     184.5 – 190.2 %
Expected dividend yield     -       -  

Schedule of Warrants Outstanding

The Company has the following warrants outstanding as of June 30, 2019, all of which are exercisable:

 

    Warrants     Weighted-Average Exercise Price     Weighted-Average Remaining Contractual Life (Years)     Aggregate Intrinsic Value  
                         
Outstanding at December 31, 2018     940,412     $ 3.60       2.32     $ 1,974,000  
Granted     7,032,823       3.47       -       -  
Forfeited     (6,667)       6.00       -       -  
Exercised     (186,969 )     1.15       -       -  
Outstanding at June 30, 2019, all vested     7,779,602     $ 3.54       4.61     $ 158,000