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Stock Options and Award Programs (Details) - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Non-vested awards outstanding 250,000 500,000
Granted 300,000 [1] 0
Cancelled 150,000 [2] 0
Vested 400,000 [2],[3],[4] 250,000 [5]
Non-vested awards outstanding 0 250,000
Weighted-average remaining contractual life (in years) 0 years 1 year 6 months
Unamortized RSA compensation expense $ (123,866) $ (51,863)
Aggregate intrinsic value of RSAs non-vested 0 147,500
Aggregate intrinsic value of RSAs vested $ 244,000 $ 185,000
Employee Stock Option [Member]    
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]    
Non-vested awards outstanding 920,000 841,672
Granted 3,515,000 650,000
Cancelled 860,000 25,000
Vested 889,996 546,672
Non-vested awards outstanding 2,685,004 920,000
Weighted Average Grant Date Fair Value per Share, Non-vested Beginning Balance $ 0.59 $ 0.8
Weighted Average Grant Date Fair Value per Share, Granted 0.36 0.4
Weighted Average Grant Date Fair Value per Share, Cancelled 0.68 0.72
Weighted Average Exercise Price per Share, Vested 0.36 0.69
Weighted Average Grant Date Fair Value per Share, Non-vested Ending Balance $ 0.35 $ 0.59
[1] During the year ended December 31, 2017, the Company granted 300,000 RSAs to its former Chief Executive Officer that had a grant date fair value of approximately $246,000. The vesting of these RSAs were tied to attainment of certain financial goals as outlined by the Company’s Compensation Committee of the Board of Directors.
[2] In connection with the resignation of Mr. Nyweide on June 30, 2017, 150,000 shares immediately vested and the remaining 150,000 were cancelled. As a result of share withholdings to satisfy tax liabilities, the Company issued 102,525 shares of the Company’s common stock to Mr. Nyweide and recognized a non-cash stock based compensation expense of approximately $94,400 in conjunction with this acceleration event. The Company's payment of the tax liability associated with this accelerated vesting was recorded as a cash flow from financing activity on the consolidated statements of cash flows.
[3] During the year ended December 31, 2017, 125,000 RSAs vested upon expiration of the employment agreement between Steve L. Komar (the former Chief Executive Officer) and the Company on January 3, 2017. On January 3, 2017, the Company issued 84,186 shares of the Company’s common stock. Mr. Komar received less than 125,000 shares vested because he elected to have 40,812 of such shares withheld in satisfaction of the corresponding tax liability of approximately $46,000. The Company's payment of this tax liability was recorded as a cash flow from financing activity on the consolidated statements of cash flows.
[4] In connection with the resignation of Mr. McCubbin on October 31, 2017, 125,000 shares immediately vested. As a result of share withholdings to satisfy tax liabilities, the Company issued 84,750 shares of the Company’s common stock to Mr. McCubbin and recognized a non-cash stock based compensation expense of approximately $1,100 in conjunction with this acceleration event. The Company's payment of the tax liability associated with this accelerated vesting was recorded as a cash flow from financing activity on the consolidated statements of cash flows.
[5] During the year ended December 31, 2016, 250,000 RSAs vested upon the Company reporting over $70 million in revenues in its Annual Report on Form 10-K for 2015. On March 15, 2016, the Company issued 209,438 shares of the Company’s common stock in connection with this accelerated vesting event, of which Mr. Komar received 125,000 shares and James T. McCubbin received 84,438 shares. Mr. McCubbin received less than 125,000 shares because he elected to have 40,562 of such shares withheld in satisfaction of the corresponding tax liability of approximately $32,300. The Company's payment of this tax liability was recorded as a cash flow from financing activity on the consolidated statements of cash flows.