Quarterly report pursuant to Section 13 or 15(d)

Stock based compensation, options and warrants (Tables)

v3.19.2
Stock based compensation, options and warrants (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-based Compensation

The Company recognized total stock-based compensation expense during the three and six months ended June 30, 2019 and 2018 granted under the Company’s 2017 equity incentive plan (the “Plan”), from the following categories:

 

    Three Months Ended  June 30,   Six Months Ended June 30,
    2019   2018   2019   2018
Restricted stock awards under the Plan   $ 115,026     $ 1,432,593     $ 291,570     $ 2,199,542  
Stock option awards under the Plan     —         175,493       58,498       292,487  
    Total stock-based compensation   $ 115,026     $ 1,608,086     $ 350,068     $ 2,492,029
Summary of Restricted Plan Activity

A summary of the Company’s unvested restricted stock activity in the six months ended June 30, 2019 is presented here:

 

    Number of Shares   Weighted Average Grant-Date
 Fair Value
  Unvested at January 1, 2019       95,939     $ 12.49  
      Vested       (37,459 )   $ 8.01  
      Granted       24,500     $ 5.11  
      Forfeited       (40,000 )   $ 16.82  
  Unvested at June 30, 2019       42,980     $ 7.43
Summary of Stock Incentive Plan Activity

A summary of activity under the Plan for the six months ended June 30, 2019 is presented below:

 

    Shares Underlying Options   Weighted Average Exercise Price   Weighted Average Remaining Contractual
 Term (Years)
  Aggregate Intrinsic Value
  Outstanding at January 1, 2019       62,000     $ 15.71       9.2     $ —    
       Forfeited       (50,000 )   $ 18.50       —         —    
  Outstanding at June 30, 2019       12,000     $ 4.09       9.2     $ —    
                                     
  Exercisable at June 30, 2019       12,000     $ 4.09       9.2     $
Schedule of Changes in Outstanding Warrants

Following is a summary of outstanding warrants that were issued outside of the Plan for the six months ended June 30, 2019:

 

    Shares Underlying Options/Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual
 Term (Years)
  Aggregate Intrinsic Value
  Outstanding at January 1, 2019       1,671,113     $ 39.47       2.0     $ —    
  Granted       1,908,144     $ 1.94       5.2     $ 2,537,832  
  Forfeited       (5,000 )   $ 7.90       —       $ —    
  Outstanding at June 30, 2019       3,574,257     $ 19.48       3.4     $ 2,289,773  
                                     
  Exercisable at June 30, 2019       1,928,144     $ 19.48       0.7     $