Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.19.3
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2019
Stockholders' Equity  
Schedule of Stock Option Activity

The following is a summary of the stock option activity for the nine months ended September 30, 2019:


 

 

Shares

 

 

Weighted

Average

Exercise

Price

 

Outstanding, December 31, 2018

 

 

465,303

 

 

$

11.60

 

Granted

 

 

2,920,021

 

 

 

1.03

 

Exercised

 

 

(2,000

)

 

 

1.06

 

Expired

 

 

(16,821

)

 

 

4.43

 

Forfeited

 

 

(203,149

)

 

 

1.46

 

Outstanding, September 30, 2019

 

 

3,163,354

 

 

$

2.54

 

Schedule of Stock Option Valuation Assumptions

The fair value of each stock option was estimated on the date of grant using the Black-Scholes option pricing model with the following weighted average assumptions for stock options granted during the three months ended September 30, 2019:


Dividend yield

 

 

0.0

%

Expected volatility

 

 

132.0

%

Risk-free interest rate

 

 

2.5

%

Expected lives (years)

 

 

5.5

 

Schedule of Options Outstanding, Vested and Exercisable

The following table summarizes information about stock options outstanding at September 30, 2019:


Options Outstanding

 

 

Options Vested and Exercisable

 

Options

 

 

Weighted

Average

Remaining

Contractual

Life

(Years)

 

 

Weighted

Average

Exercise

Price

 

 

Options

 

 

Weighted

Average

Remaining

Contractual

Life

(Years)

 

 

Weighted

Average

Exercise

Price

 

3,163,354

 

 

8.9

 

 

$2.54

 

 

1,346,174

 

 

8.4

 

 

$4.18

 

Schedule of Restricted Stock Unit Activity

The following is a summary of restricted stock and restricted stock unit activity for the nine months ended September 30, 2019:


 

 

Shares

 

Unvested, December 31, 2018

 

 

56,520

 

Granted

 

 

1,579,179

 

Vested

 

 

(747,805

)

Forfeited

 

 

(49,465

)

Unvested, September 30, 2019

 

 

838,429