Quarterly report pursuant to Section 13 or 15(d)

Stock based compensation, options and warrants (Tables)

v3.10.0.1
Stock based compensation, options and warrants (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock-Based Compensation
The Company recognized total expenses for stock-based compensation during the three and nine months ended September 30, 2018 and 2017, which are included in the accompanying condensed interim consolidated statements of operations, as follows:

   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
   
2018
   
2017
   
2018
   
2017
 
Selling, general and administrative expenses
 
$
1,655,160
   
$
108,568
   
$
4,147,189
   
$
379,622
 
    Total stock-based compensation
 
$
1,655,160
   
$
108,568
   
$
4,147,189
   
$
379,622
 
 
Schedule of Recognized Stock-based Compensation
The Company recognized total stock-based compensation expense during the three and nine months ended September 30, 2018 and 2017, from the following categories:
 
   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
   
2018
   
2017
   
2018
   
2017
 
Restricted stock awards under the Plan
 
$
1,434,650
   
$
100,396
   
$
3,634,192
   
$
188,572
 
Stock option awards under the Plan
   
220,510
     
8,172
     
512,997
     
103,430
 
Non-qualified stock option awards
   
-
     
-
     
-
     
87,620
 
    Total stock-based compensation
 
$
1,655,160
   
$
108,568
   
$
4,147,189
   
$
379,622
 
 
Summary of Stock Restricted Plan Activity
   
Number of Shares
   
Weighted Average Grant-Date
Fair Value
 
Unvested at January 1, 2018
   
342,070
   
$
5.97
 
Granted
   
431,000
     
10.46
 
Vested
   
(201,421
)
   
7.48
 
Forfeited
   
(290,147
)
   
6.53
 
Delivered
   
(124,583
)
   
5.42
 
Unvested at September 30, 2018
   
156,919
   
$
13.37
 
A summary of the Company
Summary of Stock Incentive Plan Activity
A summary of activity under the Plan for the nine months ended September 30, 2018 is presented below:
   
Shares Underlying Options
   
Weighted Average Exercise Price
   
Weighted Average Remaining Contractual
Term (Years)
   
Aggregate Intrinsic Value
 
Outstanding at January 1, 2018
   
119,533
   
$
9.02
             
     Granted
   
62,000
     
15.71
             
     Exercised
   
(19,533
)
   
4.02
             
Outstanding at September 30, 2018
   
162,000
   
$
12.19
     
9.2
   
$
-
 
                                 
Exercisable at September 30, 2018
   
145,335
   
$
11.46
     
9.2
   
$
-
 
Schedule of Nonqualified Award Activity
Following is a summary of outstanding options and warrants that were issued outside of the Plan for the nine months ended September 30, 2018:
   
Shares Underlying Options/Warrants
   
Weighted Average Exercise Price
   
Weighted Average Remaining Contractual
Term (Years)
   
Aggregate Intrinsic Value
 
Outstanding at December 31, 2017
   
1,944,895
   
$
35.06
     
2.7
   
$
6,135,000
 
     Granted
   
-
     
-
                 
     Exercised
   
(113,009
)
 
3.50
                 
     Forfeited
   
(160,773
)
 
10.88
                 
Outstanding at September 30, 2018
   
1,671,113
   
$
39.47
     
2.2
   
$
3,000
 
                                 
Exercisable at September 30, 2018
   
1,671,113
   
$
39.47
     
2.2
   
$
3,000
 
During the nine months ended September 30, 2018, 13,009 of the warrants issued in the May 2013 private offering