Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.8.0.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2018
Stock-based Compensation Tables  
Equity Incentive Plan
   

Awards

Reserved

for Issuance

   

Awards

Issued

   

Awards

Available

for Grant

 
                   
2016 Equity Incentive Plan     30,000,000       1,977,732       28,022,268  
Stock option activity
   

Number of

Shares

   

Weighted-

Average

Exercise

Price

Per Share

   

Weighted-Average Remaining Contractual

Life

 

Aggregate

Intrinsic

Value of

In-the-Money Options

 
                       
Options Outstanding as of Janury 1, 2018     1,177,732     $ 2.17            
                           
Options Granted     800,000     $ 4.41            
Options Exercised     -     $ -            
Options Forfeited     -     $ -            
Options Expired     -     $ -            
Options Outstanding as of March 31, 2018     1,977,732     $ 3.08     9.1 Years   $ 522,600  
Options Exercisable as of March 31, 2018     659,774     $ 2.20     8.5 Years   $ 391,950  
Weighted-average assumptions stock-based compensation
    March 31,  
    2018  
Expected Term (years)   6.5 Years  
Volatility   127.9-128.0 %
Risk-Free Interest Rate   2.5-2.7 %
Dividend Yield     0 %
Stock-Based Compensation Expense
    For the Three Months Ended  
    March 31, 2018     March 31, 2017  
Type of Award  

Number of

Shares or

Options

Granted

    Stock-Based Compensation Expense    

Number of

Shares or

Options

Granted

    Stock-Based Compensation Expense  
                         
Stock Options     800,000     $ 474,198       -     $ 47,589  
                                 
Stock Grants:                                
Employees (Common Stock)     81,506       288,450       6,667       26,100  
Employees (Series B Preferred Stock)     -       -       40,000       1,035,406  
Directors (Common Stock)     -       -       8,333       37,500  
Non–Employee Consultants (Common Stock)     6,410       16,692       31,176       145,011  
                                 
Total Stock–Based Compensation Expense           $ 779,340             $ 1,291,606