Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Stock-Based Compensation  
Schedule of assumptions used for awards

The assumptions used for the awards during the year ended December 31, 2019 were as follows:

 

 

 

 

 

 

Exercise price

    

$

0.42

 

Expected dividends

 

 

0

%

Expected volatility

 

 

84

%

Risk free interest rate

 

 

1.61

%

Expected life of option

 

 

4.5

years

 

Summary of stock option activity

A summary of stock option activity for the six months ended June 30, 2020 and the year ended December 31, 2019 is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Weighted Average

    

Aggregate

 

 

 

 

Average Exercise

 

Remaining

 

Intrinsic

 

 

Options

 

Price

 

Contractual Life

 

Value

 

 

 

 

 

 

 

 

 

 

 

Balance - December 31, 2018

 

938,982

 

$

15.18

 

6.19 years

 

$

 —

 

 

 

 

 

 

 

 

 

 

 

Granted

 

1,725,000

 

 

0.42

 

  

 

 

  

Exercised

 

 —

 

 

 —

 

 

 

 

 

Expired

 

(94,738)

 

 

58.25

 

  

 

 

  

Forfeited

 

(67,232)

 

 

5.95

 

  

 

 

  

Balance - December 31, 2019

 

2,502,012

 

$

3.62

 

6.51 years

 

$

153,353

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 —

 

 

 —

 

  

 

 

  

Exercised

 

 —

 

 

 —

 

 

 

 

 

Expired

 

 —

 

 

 —

 

  

 

 

  

Forfeited

 

(29,650)

 

 

0.55

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

Balance - June 30, 2020 - outstanding

 

2,472,362

 

$

3.65

 

5.98 years

 

$

158,270

 

 

 

 

 

 

 

 

 

 

 

Balance - June 30, 2020 - exercisable

 

628,408

 

$

12.89

 

5.16 years

 

$

15,129

 

 

 

 

 

 

 

 

 

 

 

Grant date fair value of options granted - six months ended June 30, 2020

 

 

 

$

 —

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value - six months ended June 30, 2020

 

 

 

$

 —

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

Grant date fair value of options granted - year ended December 31, 2019

 

 

 

$

470,000

 

  

 

 

  

 

 

 

 

 

 

 

 

 

 

 

Weighted average grant date fair value - year ended December 31, 2019

 

 

 

$

0.27