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]  
Schedule of Stock Option Activity

A summary of the Company’s stock option activity for the years ended December 31, 2018 and 2017 is presented below:

 

Awards   Shares    

Weighted

Average

Exercise Price

   

Weighted

Average

Remaining Contractual

Term

 
Options outstanding at December 31, 2016     239,428     $ 5.20       7.44  
Granted     1,062,242               1.84          
Exercised                    
Forfeited     (35,420 )     5.18          
Options outstanding at December 31, 2017     1,266,250     $ 2.38       8.26  
Granted                    
Exercised                    
Forfeited     (132,762 )     1.25          
Options outstanding at December 31, 2018     1,133,488       1.75       8.14  
Options exercisable at December 31, 2018     934,156       2.47       7.69  

Schedule of Fair Value of Option Award

The following table presents the assumptions used in determining the fair value of option awards for the year ended December 31, 2018:

 

    2018  
Weighted average grant date fair value per share of awards granted   $ 0.76  
Significant fair value assumptions:        
Expected term (in years)     5.75  
Volatility     52.54 %
Risk-free interest rate     0.03 %
Expected dividends      

Summary of Award Activity Under Restricted Stock Plan

A summary of award activity under the Plan for the years ended December 31, 2018 and 2017 is presented below:

 

    Shares     Weighted
Average Grant
Date Fair Value
 
Non-vested at December 31, 2016     54,187          
Granted     276,025       1.42  
Vested     (83,875 )        
Non-vested at December 31, 2017     246,337          
Granted     600,397       0.76  
Vested     (220,710 )        
Expired     (154,844 )        
Non-vested at December 31, 2018     471,180