Stock Option Plans (Tables)
|
3 Months Ended |
Mar. 31, 2019 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Schedule of Stock Option Activity |
A summary of stock option activity
is as follows:
| |
|
Options |
|
|
Weighted
average
exercise price
|
|
|
Weighted
average
remaining
contractual
term in years
|
|
|
Aggregate
intrinsic value
|
|
| Outstanding January 1, 2018 |
|
|
38,213,427 |
|
|
$ |
0.41 |
|
|
|
5.23 |
|
|
$ |
562,456 |
|
| Exercisable January 1, 2018 |
|
|
36,213,427 |
|
|
$ |
0.41 |
|
|
|
4.98 |
|
|
$ |
562,456 |
|
| Canceled |
|
|
(350,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
2,833,334 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(200,000 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding December 31, 2018 |
|
|
40,496,761 |
|
|
$ |
0.40 |
|
|
|
4.52 |
|
|
$ |
986,808 |
|
| Exercisable December 31, 2018 |
|
|
37,157,179 |
|
|
$ |
0.41 |
|
|
|
4.10 |
|
|
$ |
966,808 |
|
| Canceled |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Granted |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding March 31, 2019 |
|
|
40,496,761 |
|
|
$ |
0.40 |
|
|
|
4.28 |
|
|
$ |
664,331 |
|
| Exercisable March 31, 2019 |
|
|
37,559,261 |
|
|
$ |
0.41 |
|
|
|
3.90 |
|
|
$ |
660,435 |
|
|
| Schedule of Non-vested Shares Granted Under Stock Option Plan |
A summary of the Company’s
non-vested options for the three-months ended March 31, 2019 and year ended December 31, 2018, are presented below:
| Non-vested at January 1, 2018 |
|
|
2,000,000 |
|
| Granted |
|
|
2,833,334 |
|
| Vested |
|
|
(1,143,752 |
) |
| Canceled |
|
|
(350,000 |
|
| Non-vested at December 31, 2018 |
|
|
3,339,582 |
|
| Granted |
|
|
- |
|
| Vested |
|
|
(402,082 |
) |
| Canceled |
|
|
- |
|
| Non-vested at March 31, 2019 |
|
|
2,937,500 |
|
|
| Schedule of Fair Value Assumptions |
The range of fair value assumptions
related to options issued were as follows for the:
| |
|
Three-months
ended
March 31, 2019
|
|
|
Year
ended
December 31, 2018
|
|
| Dividend yield |
|
|
0.0 |
% |
|
|
0.0 |
% |
| Risk-free rate |
|
|
2.38% - 3.04 |
% |
|
|
2.38% - 3.04 |
% |
| Expected volatility |
|
|
214% - 226 |
% |
|
|
214% - 226 |
% |
| Expected term |
|
|
3 - 7 years |
|
|
|
3 - 7 years |
|
|
| Schedule of Recognized Stock Based Compensation Expense |
The Company recognized stock-based
compensation expense related to options during the:
| |
|
Three-months ended March 31 |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
Amount |
|
|
Amount |
|
| Service provider compensation |
|
$ |
44,375 |
|
|
$ |
9,375 |
|
| Employee compensation |
|
|
42,125 |
|
|
|
60,125 |
|
| |
|
|
|
|
|
|
|
|
| Total |
|
$ |
86,500 |
|
|
$ |
69,500 |
|
|