Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.19.3
Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of summary of stock option activity

 

   

Number of

Shares

   

Weighted

Average

Exercise Price

   

Weighted

Average Remaining

Contractual

Term (Years)

 
                   
Outstanding, December 31, 2018     2,405,000     $ 0.33       8.71  
                         
Granted     1,262,642       0.30        
Cancelled     (196,875 )     0.26        
Forfeited     (153,125 )     0.26        
Outstanding, September 30, 2019     3,317,642     $ 0.33       8.59  
Exercisable, September 30, 2019     1,807,333     $ 0.43       7.90  
Schedule of fair value assumptions of stock option granted

 

   

Nine Months Ended

September 30,

2019

 
Dividend yield     0.00 %
Risk-free interest rate     1.49 %
Expected term (years)     5.65  
Volatility     93.72 %
Schedule of RSA activity

 

 

Number of

Shares

 

 

Weighted

Average Grant

Date Fair Value

 

Unvested, December 31, 2018

 

 

900,000

 

 

$ 0.19

 

 

 

 

 

 

 

 

 

 

Granted

 

 

 

 

 

 

Released

 

 

(450,000 )

 

 

0.19

 

Unvested, September 30, 2019

 

 

450,000

 

 

$ 0.19