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Stock-Based Compensation - (Tables)
12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of total stock-based compensation expense

 

 

 

 

 

 

 

 

 

Year Ended

 

    

2018

    

2017

Service based awards:

 

 

 

 

 

 

Restricted stock awards

 

$

1,292,125

 

$

3,316,093

Restricted stock units

 

 

840,477

 

 

 -

Stock option awards

 

 

1,588,291

 

 

3,858,503

 

 

 

3,720,893

 

 

7,174,596

Performance based awards:

 

 

 

 

 

 

Restricted stock units

 

 

505,999

 

 

 -

Stock option awards

 

 

160,662

 

 

 -

 

 

 

666,661

 

 

 -

Total

 

$

4,387,554

 

$

7,174,596

 

Restricted stock awards  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of restricted stock award

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant-Date

 

 

Number of Shares

 

 

Fair Value

Outstanding at December 31, 2016

 

850,000

 

$

8.23

Granted

 

530,000

 

$

5.72

Outstanding at December 31, 2017

 

1,380,000

 

$

7.27

Forfeited

 

(333,200)

 

$

5.70

Outstanding at December 31, 2018

 

1,046,800

 

$

7.77

 

Restricted stock units - Service based awards  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of restricted stock award

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant-Date

 

 

Number of Shares

 

 

Fair Value

Unvested at December 31, 2017

 

 -

 

$

 -

Granted

 

571,459

 

$

4.38

Vested

 

(98,500)

 

$

4.70

Unvested at December 31, 2018

 

472,959

 

$

4.32

 

Restricted stock units - Performance based awards  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of restricted stock award

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Grant-Date

 

 

Number of Shares

 

 

Fair Value

Unvested at December 31, 2017

 

 -

 

$

 -

Granted

 

 

 

 

 

Performance-based

 

646,875

 

$

4.70

Market-based

 

342,083

 

$

4.07

Unvested at December 31, 2018

 

988,958

 

$

4.48

 

Schedule of fair value assumptions

 

 

 

Year Ended December 31, 2018

Expected stock price volatility

70.0%

Risk-free interest rate

2.9% - 3.1%

Dividend yield rate

-

Term (years)

10.0

 

Stock option awards - Service based awards  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of fair value assumptions

 

 

 

 

 

December 31,

 

2018

 

2017

Exercise price

$3.17 - $5.75

 

$6.09

Expected stock price volatility

67.5% - 69.9%

 

66.3%

Risk-free interest rate

2.7% - 3.2%

 

2.0%

Term (years)

5.0 - 6.5

 

6.0

 

Schedule of stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

 

 

Weighted

 

 

Average

 

 

 

 

 

Shares

 

 

Average

 

 

Remaining

 

 

Aggregate

 

 

Underlying

 

 

Exercise

 

 

Contractual

 

 

Intrinsic

 

 

Options

 

 

Price

 

 

Term

 

 

Value

Outstanding at December 31, 2016

 

7,691,501

 

$

7.83

 

 

5.7

 

$

1,821,384

Granted

 

15,000

 

$

6.09

 

 

9.1

 

 

 

Exercised

 

(433,500)

 

$

6.45

 

 

 -

 

 

 

Forfeited

 

(367,000)

 

$

7.85

 

 

 -

 

 

 

Outstanding at December 31, 2017

 

6,906,001

 

$

7.92

 

 

5.1

 

$

976,335

Granted

 

1,447,479

 

$

4.55

 

 

9.3

 

 

 

Exercised

 

(267,500)

 

$

3.09

 

 

 -

 

 

 

Forfeited

 

(229,500)

 

$

6.59

 

 

 -

 

 

 

Outstanding at December 31, 2018

 

7,856,480

 

$

7.50

 

 

5.2

 

$

 -

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2018

 

6,470,500

 

$

8.14

 

 

4.3

 

$

 -

 

Stock option awards - Performance based awards  
Share-based Compensation Arrangement by Share-based Payment Award, Compensation Cost [Line Items]  
Schedule of fair value assumptions

 

 

 

Year Ended December 31, 2018

Expected stock price volatility

70.0%

Risk-free interest rate

2.9%

Dividend yield rate

-

Term (years)

10.0

 

Schedule of stock options

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

 

 

Exercise

 

 

 

 

Number of Shares

 

 

Price

 

 

Outstanding at December 31, 2017

 

 -

 

$

 -

 

 

Granted

 

 

 

 

 

 

 

Performance-based

 

129,375

 

$

4.70

 

 

Market-based

 

258,750

 

$

4.70

 

 

Outstanding at December 31, 2018

 

388,125

 

$

4.70

 

 

 

 

 

 

 

 

 

 

Exercisable at December 31, 2018

 

 -

 

$

 -