Quarterly report pursuant to Section 13 or 15(d)

Stockholders’ Equity (Tables)

v3.10.0.1
Stockholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2018
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock Option Activity



 



 

   

Options

Outstanding at December 31, 2016

5,757,880 

Granted

3,027,500 

Exercised

(152,085)

Forfeit/canceled

(1,451,053)

Expired

(363,294)

Outstanding at December 31, 2017

6,818,948 

Granted

550,000 

Exercised

(12,500)

Forfeit/canceled

(1,162,319)

Expired

(1,229,878)

Outstanding at June 30, 2018

4,964,251 



 



Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

Six Months Ended



 

June 30,

June 30,



 

2018

 

2017

2018

 

2017

General and administrative

 

$

62,187 

 

$

224,817 

$

217,851 

 

$

447,361 

Sales and marketing

 

 

55,617 

 

 

31,440 

 

124,097 

 

 

63,604 

Engineering, research, and development

 

 

37,098 

 

 

55,749 

 

65,796 

 

 

75,935 



 

$

154,902 

 

$

312,006 

$

407,744 

 

$

586,900 



Valuation Assumptions



 

 

 

 



 

 

 

 

   

   

Six Months Ended



 

June 30,

   

   

2018

 

2017

Risk-free interest rate

   

2.68% 

 

2.04% 

Expected life (years)

   

6.00 

 

6.00 

Expected dividend yield

   

 -

 

 -

Expected volatility

   

101.94% 

 

85.63% 



Restricted Stock Unit Activity



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

   

 

Shares

 

Weighted Average
Grant Date Fair Value

 

Weighted Average
Remaining
Contractual Term
(Years)

 

Aggregate
Intrinsic Value

Outstanding at December 31, 2016

 

 

994,417 

 

$

0.72 

 

 

0.08 

 

$

731,845 

Awarded

 

 

199,513 

 

$

0.73 

 

 

0.70 

 

$

 -

Released

 

 

(484,058)

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

(47,072)

 

$

0.72 

 

 

 -

 

$

 -

Outstanding at December 31, 2017

 

 

662,800 

 

$

0.72 

 

 

0.70 

 

$

795,360 

Awarded

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Released

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Canceled/forfeited/expired

 

 

 -

 

$

 -

 

 

 -

 

$

 -

Outstanding at June 30, 2018

 

 

662,800 

 

$

0.33 

 

 

0.75 

 

$

516,984 



 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest at June 30, 2018

 

 

662,800 

 

$

 -

 

 

 -

 

$

516,984 

Vested at June 30, 2018

 

 

417,770 

 

$

 -

 

 

 -

 

$

325,861 

Unvested at June 30, 2018

 

 

245,030 

 

$

 -

 

 

 -

 

$

191,123 

Unrecognized expense at June 30, 2018

 

$

162,687 

 

 

 

 

 

 

 

 

 



Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Stock-Based Compensation Expense



 

 

 

 

 

 

 

 

 

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 



 

Three Months Ended

 

Six Months Ended



 

June 30,

 

June 30,



 

2018

 

2017

 

2018

 

2017

General and administrative

 

$

8,702 

 

$

56,416 

 

$

30,546 

 

$

118,940 



 

$

8,702 

 

$

56,416 

 

$

30,546 

 

$

118,940