XML 53 R39.htm IDEA: XBRL DOCUMENT v3.19.1
Stock Options and Award Programs (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Nonvested restricted stock shares activity
    2018           2017        
NON-VESTED AWARDS                        
                         
Non-vested awards outstanding, January 1,     -             250,000        
Granted (+)     980,851   (1)     300,000   (2)            
Cancelled (-)     -         150,000   (3)            
Vested (-)     680,851   (1)     400,000   (3)(4)(5)            
Non-vested awards outstanding, December 31,     300,000               -          
                                 
Weighted-average remaining contractual life (in years)     2.01               -          
                                 
Unamortized RSA compensation expense   $ 136,310             $ -          
                                 
Aggregate intrinsic value of RSAs non-vested, December 31   $ 126,000             $ -          
                                 
Aggregate intrinsic value of RSAs vested, December 31   $ 320,000             $ 244,000          
Schedule of valuation assumptions
      YEAR ENDED DECEMBER 31, 2018   YEAR ENDED DECEMBER 31, 2017
      Non-Qualified Stock Option Awards   Non-Qualified Stock Option Awards
      Employees Directors Non-Employees Total   Employees Directors Non-Employees Total
                       
Stock options granted     100,000 -- 50,000 150,000   3,090,000 350,000 75,000 3,515,000
Expected dividend yield     0% -- 0% 0%   0% 0% 0% 0%
Expected volatility     65.2%-66.7% -- 69.5% 65.2%-6.95%   68.2%-74.2% 69.6% - 70.1% 72.5% 68.2%-72.5%
Risk-free interest rate     2.72% - 2.73% -- 1.0% 1.0%-2.73%   1.8% - 2.1% 1.7% - 2.0% 1.7% 1.7%-2.1%
Forfeiture rate     4.43% - 4.81% -- 10.3% 4.43%-10.3%   4.6% - 6.8% 4.2% - 5.9% 6.6% 4.2%-6.8%
Expected life     5 years -- 3 years 3-5 years   5 years 7 years 3 years 3-7 years
Schedule of nonvested share activity
      2018                  2017             
                Weighted                 Weighted  
                Average                 Average  
                Grant Date                 Grant Date  
NON-VESTED AWARDS   Shares           Fair Value     Shares           Fair Value  
                                     
Non-vested balances, January 1,     2,685,004           $ 0.35       920,000           $ 0.59  
Granted (+)     150,000       (1 )   $ 0.25       3,515,000       (2 )   $ 0.36  
Cancelled (-)     50,000       (3 )   $ 0.32       860,000       (3 )   $ 0.68  
Vested/Excercised (-)     717,501             $ 0.30       889,996             $ 0.36  
Non-vested balances, December 31,     2,067,503             $ 0.36       2,685,004             $ 0.35  
Schedule of stock option activity
    2018     2017  
                Weighted                 Weighted  
                Average                 Average  
OUTSTANDING AND EXERCISABLE AWARDS   Shares           Exercise Price     Shares           Exercise Price  
                                     
Awards outstanding, January 1,     4,173,334           $ 0.60       2,090,668           $ 0.86  
Granted (+)     150,000       (1 )   $ 0.50       3,515,000       (2 )   $ 0.59  
Cancelled (-)     210,000       (3 )   $ 0.83       1,402,334       (3 )   $ 0.97  
Exercised (-)     100,000       (4 )   $ 0.44       30,000       (4 )   $ 0.57  
Awards outstanding, December 31,     4,013,334             $ 0.58       4,173,334             $ 0.60  
                                                 
Awards vested and expected to vest,                                                
December 31,     3,422,491             $ 0.58       3,577,089             $ 0.60  
                                                 
Awards outstanding and exercisable,                                                
December 31,     1,945,831             $ 0.56       1,488,330             $ 0.61  
Schedule of employee service share-based compensation
    YEAR ENDED DECEMBER 31, 2018     YEAR ENDED DECEMBER 31, 2017  
    Shared-Based Compensation Expense     Shared-Based Compensation Expense  
    Employees     Directors     Non-Employees     Total     Employees     Directors     Non-Employees     Total  
                                                 
Restricted stock compensation expense   $ 67,690     $ 320,000     $ -     $ 387,690     $ 157,857     $ -     $ -     $ 157,857  
Non-qualified option stock compensation expense     291,625       -       4,089       295,714       118,964       103,335       7,054       229,353  
                                                                 
Total share-based compensation before taxes   $ 359,315     $ 320,000     $ 4,089     $ 683,404     $ 276,821     $ 103,335     $ 7,054     $ 387,210