Annual report pursuant to Section 13 and 15(d)

Share Based Payments and Stock Options (Tables)

v3.19.1
Share Based Payments and Stock Options (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options
    2018  
Total Shares available for issuance pursuant to the 2014 Plan     2,500,000  
Options outstanding, December 31 2018     (995,500 )
Total options exercised under 2014 Plan     (1,118,333 )
Total shares issued pursuant to the 2014 Plan     (375,000 )
Awards available for issuance under the 2014 Plan, December 31, 2018     11,167  

 

    2018  
Total Shares available for issuance pursuant to the 2018 Plan     2,500,000  
Options outstanding, December 31 2018     (281,500 )
Total options exercised under 2018 Plan     -  
Total shares issued pursuant to the 2018 Plan     (9,500 )
Awards available for issuance under the 2018 Plan, December 31, 2018     2,209,000  

 
Schedule of share-based payment expense and new shares issued
    2018     2017  
Expected volatility     72.91%-90.81 %     73.28% -96.92 %
Expected dividends     None       None  
Expected term     2.5 years        2.5 years  
Risk-free rate     1.64 %     1.64%-1.70 %
Schedule of option outstanding
Options   Shares     Weighted-Average
Exercise
Price		     Weighted-
Average
Remaining
Contractual Term		     Weighted-
Average
Grant Date
Fair Value		  
                         
Outstanding at January 1, 2017     1,862,000     $        .62                          
Granted     845,000     $ 1.80           $ .83  
Exercised     (50,000 )   $ .60           $ .07  
Forfeited or expired     (35,000 )   $ .60           $ .07  
Outstanding at December 31, 2017     2,622,000     $ .99     2.35 years     $ .32  
Vested and exercisable at December 31 2017     2,057,332     $ .77     1.73 years          
                               
Outstanding at January 1, 2018     2,622,000     $ .99           $ .32  
Granted     386,500     $ 3.21           $ 1.91  
Exercised     (1,068,333 )   $ .67           $ .12  
Forfeited or expired     (124,667 )   $ .76           $ .16  
Outstanding at December 31, 2018     1,815,500     $ 1.66     2.65 years     $ .78  
Vested and exercisable at December 31, 2018     1,393,831     $ 1.39     2.22 years