Stock Option Plans (Tables)
|
6 Months Ended |
Jun. 30, 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
June 30, 2019 |
|
|
40,496,761 |
|
|
$ |
0.40 |
|
|
|
4.03 |
|
|
$ |
335,405 |
|
| Exercisable
June 30, 2019 |
|
|
37,846,756 |
|
|
$ |
0.41 |
|
|
|
3.69 |
|
|
$ |
335,405 |
|
|
| Schedule of Non-vested Shares Granted Under Stock Option Plan |
A
summary of the Company’s non-vested options for the six-months ended June 30, 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 |
|
|
(689,577 |
) |
| Canceled |
|
|
- |
|
| Non-vested at June 30, 2019 |
|
|
2,650,005 |
|
|
| Schedule of Fair Value Assumptions |
The range of fair value assumptions related to options issued
were as follows for the:
| |
|
Six-months
ended
June 30, 2019 |
|
|
Year
ended
December 31, 2018 |
|
| Dividend yield |
|
|
0.0 |
% |
|
|
0.0 |
% |
| Risk-free rate |
|
|
2.38%
- 3.04 |
% |
|
|
2.38%
- 3.04 |
% |
| 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:
| |
|
Six-months
ended June 30 |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
Amount |
|
|
Amount |
|
| Service provider compensation |
|
$ |
88,750 |
|
|
$ |
31,562 |
|
| Employee compensation |
|
|
84,250 |
|
|
|
108,500 |
|
| Total |
|
$ |
173,000 |
|
|
$ |
140,062 |
|
|