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Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Stock Options and Grants [Abstract]  
Schedule of stock-based compensation expense included in statement of operations



Year Ended December 31,



2018
2017

 

Payroll and related expenses

   

$

396,214

   

   

$

701,402

   

 

       Total

   

$

396,214

   

 

$

701,402

   




    Year Ended December 31,




 2018

2017

 

Stock options

   

$

332,662

  

  

$

701,402

   

 

RSUs 

   

 

63,552

  

  

 

   


Total
$ 396,214

$ 701,402
Summary of fair value stock-based option awards granted using Black-Scholes option valuation model

 

 

 

2018

 


  2017

 

Expected dividend yield

 

 

0

%



0 %

 

Expected stock volatility

 

 

25.7

%



25.5-44 %

 

Risk-free interest rate

 

 

2.56

%



1.78-2.11 %

 

Expected life

 

 

5.00

 



5.5
Summary of employee stock option activity

 

 

 

 Shares

 

 

Weighted Average Fair Value Per Share

 

 

Weighted
Average Exercise Price Per Share

 

 

Weighted Average Remaining Terms (in years)

 

 

Aggregate Intrinsic Value

 


Outstanding – December 31, 2016 - Successor 

295,051

$ 1.25

$ 3.00




$

Granted

598,552


1.22


4.28









Exercised

(2,803 )














Cancelled

(2,408 )













 

Outstanding – December 31, 2017

 

 

888,392

 

 

$

1.23

 

 

$

3.86

 

 

 

9.15

 

 

$

1,881,869

 

 

Granted

 

 

250,000

 

 

 

1.28

 

 

 

4.61

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cancelled

 

 

(33,333

)

 

 

 

 

 

 

 

 


 

 

 

 

 

 

Outstanding – December 31, 2018

 

 

1,105,059

 

 

 

1.24

 

 

 

4.06

 

 

 

8.41

 

 

$

 

 

Exercisable – December 31, 2017

 

 

738,608

 

 

 

1.22

 

 

 

4.04

 

 

 

9.19

 

 

 

1,435,515

 

 

Exercisable – December 31, 2018

 

 

949,355

 

 

$

1.23

 

 

$

4.00

 

 

 

8.30

 

 

$

 

Schedule of RSU activities


    Number of Shares

 

Non-vested balance at January 1, 2018




 

Granted



27,955

Vested

Forfeited/Expired
(5,591 )

Non-vested balance at December 31, 2018 
22,364