Quarterly report pursuant to Section 13 or 15(d)

Share-based Payments (Tables)

v3.19.3
Share-based Payments (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Stock Options Activity

The following table summarizes the option activities for the nine months ended September 30, 2019:

 

                Weighted     Weighted        
                Average     Average        
          Weighted     Grant     Remaining        
    Number     Average     Date     Contractual     Aggregate  
   

of

Shares

   

Exercise

Price

   

Fair

Value

    Term (years)    

Intrinsic

Value

 

Balance at December

31, 2018

    10,502     $ 30.41     $ 17.42       1.43     $          -  
Granted     -       -       -       -       -  
Exercised     -       -       -       -       -  
Forfeited     (9,564 )     32.42       18.51       0.63       -  
Canceled/Expired     -       -       -       -       -  

Balance at September

30, 2019

    938     $ 9.84     $ 6.32       1.25     $ -  
Exercisable as of September 30, 2019     938     $ 9.84     $ 6.32       1.25     $ -  

Summary of Restricted Stock Units Activity

At September 30, 2019, the unamortized value of the RSU’s was $121,083. The unamortized amount will be expensed over the remaining period of three months. A summary of activity related to RSUs for the nine months ended September 30, 2019 is presented below:

 

          Weighted  
          Average  
    Number of     Grant Date  
    RSUs     Fair Value  
Balance at December 31, 2018     -     $ -  
Granted     374,481     $ 0.97  
Exercised     -       -  
Forfeited     -       -  
Canceled/Expired     -       -  
Balance at September 30, 2019     374,481     $ 0.97  
Exercisable as of September 30, 2019     -       -  

Summary of Warrant Activity

The table below summarizes the warrant activity for the period ended September 30, 2019:

 

          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Contractual     Intrinsic  
    Warrants     Price     Term (years)     Value  
Balance at December 31, 2018     2,110,737     $ 3.10       4.21     $ -  
Granted     -       -       -                 -  
Exercised     -       -       -       -  
Forfeited     -       -       -       -  
Canceled/Expired     -       -       -       -  
Balance at September 30, 2019     2,110,737     $ 3.10       3.46     $ -  
Exercisable as of September 30, 2019     2,110,737     $ 3.10       3.46     $ -