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Stockholders' equity (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2019
Dec. 31, 2018
Stockholders' Equity Note [Abstract]    
Schedule of Company Recognized Stock-Based Compensation Expense

For the three and six months ended June 30, 2019 and 2018, the Company recognized stock-based compensation expense as follows:

 

 

 

Three Months Ended June 30,

 

 

 

Six Months Ended June 30,

 

 

 

2019

 

 

2018

 

 

 

2019

 

 

2018

 

Cost of services

 

$

524

 

 

$

1,341

 

 

 

$

562

 

 

$

3,731

 

Research and development

 

 

18,333

 

 

 

61,080

 

 

 

 

35,460

 

 

 

130,551

 

General and administrative

 

 

61,365

 

 

 

140,158

 

 

 

 

137,378

 

 

 

292,340

 

Sales and marketing

 

 

5,749

 

 

 

11,311

 

 

 

 

10,604

 

 

 

25,458

 

 

 

$

85,971

 

 

$

213,890

 

 

 

$

184,004

 

 

$

452,080

 

For the years ended December 31, 2018 and 2017, the Company recognized stock compensation expense as follows:

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Cost of services

 

$

964

 

 

$

13,776

 

Research and development

 

 

241,122

 

 

 

237,103

 

General and administrative

 

 

574,244

 

 

 

603,787

 

Sales and marketing

 

 

45,951

 

 

 

56,732

 

 

 

$

862,281

 

 

$

911,398

 

Summary of Status of Options Granted  

A summary of the status of options granted is presented below as of and for the years ended December 31, 2018 and 2017:

 

 

 

Number of

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Weighted-

Average

Remaining

Contractual

Life (in years)

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2017

 

 

119,106

 

 

$

44.00

 

 

 

8.6

 

 

$

663,298

 

Granted

 

 

58,324

 

 

$

17.58

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,167

)

 

$

7.01

 

 

 

 

 

 

$

11,256

 

Forfeited

 

 

(24,538

)

 

$

36.31

 

 

 

 

 

 

 

 

 

Expired

 

 

(12,330

)

 

$

83.49

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2017

 

 

139,395

 

 

$

31.16

 

 

 

8.3

 

 

$

37,339

 

Granted

 

 

95,800

 

 

$

3.84

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(18,812

)

 

$

11.98

 

 

 

 

 

 

 

 

 

Expired

 

 

(4,824

)

 

$

56.12

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

211,559

 

 

$

20.58

 

 

 

7.6

 

 

$

522

 

Vested and expected to vest

 

 

211,559

 

 

$

20.58

 

 

 

7.6

 

 

$

522

 

Exercisable at December 31, 2018

 

 

10,445

 

 

$

1.25

 

 

 

5.3

 

 

$

522

 

Schedule of Fair Value of Option Grant Estimated Using Black-Scholes Option Pricing Model   The fair value of each option grant was estimated at the date of grant using the Black-Scholes option pricing model based on the assumptions below:

 

 

 

Year Ended December 31,

 

 

 

2018

 

 

2017

 

Annual dividend

 

 

 

 

 

 

Expected life (in years)

 

5.25 - 6.25

 

 

5.25 - 6.25

 

Risk free interest rate

 

2.5 - 2.9%

 

 

1.8 - 2.3%

 

Expected volatility

 

46.0 - 49.6%

 

 

44.2 - 53.0%

 

Summary of Status of Restricted Stock Unit Granted  

A summary of the status of restricted stock units granted is presented below as of and for the years ended December 31, 2018 and 2017:

 

 

 

Number of

Options

 

 

Weighted-

Average

Grant Date Fair Value

 

Unvested at January 1, 2017

 

 

750

 

 

$

42.50

 

Granted

 

 

11,175

 

 

$

6.93

 

Vested

 

 

(6,025

)

 

$

8.01

 

Forfeited

 

 

 

 

 

 

Unvested at December 31, 2017

 

 

5,900

 

 

$

31.16

 

Granted

 

 

 

 

 

 

Vested

 

 

(5,650

)

 

$

8.93

 

Forfeited

 

 

 

 

 

 

Unvested at December 31, 2018

 

 

250

 

 

$

42.50

 

Schedule of Warrants to Purchase Shares of Common Stock

At June 30, 2019 and December 31, 2018, the following warrants to purchase shares of common stock were outstanding:

 

 

 

 

 

 

 

 

 

Outstanding at

 

Issuance

 

Exercise

Price

 

 

Expiration

 

June 30, 2019

 

 

December 31, 2018

 

November 2009

 

$

197.75

 

 

November 2019

 

 

270

 

 

 

270

 

January 2010

 

$

197.75

 

 

January 2020

 

 

270

 

 

 

270

 

March 2010

 

$

197.75

 

 

March 2020

 

 

55

 

 

 

55

 

November 2011

 

$

197.75

 

 

November 2021

 

 

212

 

 

 

212

 

December 2011

 

$

197.75

 

 

December 2021

 

 

27

 

 

 

27

 

March 2012

 

$

2,747.50

 

 

March 2019

 

 

 

 

 

165

 

February 2015

 

$

165.00

 

 

February 2025

 

 

9,001

 

 

 

9,001

 

May 2015

 

$

165.00

 

 

May 2020

 

 

138,310

 

 

 

138,310

 

May 2016

 

$

32.81

 

 

May 2021

 

 

189,577

 

 

 

189,577

 

June 2016

 

$

32.81

 

 

May 2021

 

 

82,035

 

 

 

82,035

 

June 2017

 

$

19.50

 

 

June 2022

 

 

18,754

 

 

 

18,754

 

July 2017

 

$

17.25

 

 

July 2022

 

 

6,350

 

 

 

6,350

 

July 2017

 

$

12.50

 

 

July 2022

 

 

50,000

 

 

 

50,000

 

July 2017

 

$

10.63

 

 

July 2022

 

 

1,000,003

 

 

 

1,000,003

 

February 2018

 

$

4.06

 

 

February 2023

 

 

184,615

 

 

 

184,615

 

February 2018

 

$

3.25

 

 

February 2023

 

 

1,846,153

 

 

 

1,846,153

 

 

 

 

 

 

 

 

 

 

3,525,632

 

 

 

3,525,797

 

At December 31, 2018 and 2017, the following warrants to purchase shares of common stock were outstanding:

 

 

 

 

 

 

 

 

 

Outstanding at December 31,

 

Issuance

 

Exercise

Price

 

 

Expiration

 

2018 (1)

 

 

2017 (1)

 

March 2008

 

$

19,763.50

 

 

March 2018

 

 

 

 

 

2

 

November 2009

 

$

197.75

 

 

November 2019

 

 

270

 

 

 

270

 

January 2010

 

$

197.75

 

 

January 2020

 

 

270

 

 

 

270

 

March 2010

 

$

197.75

 

 

March 2020

 

 

55

 

 

 

55

 

November 2011

 

$

197.75

 

 

November 2021

 

 

212

 

 

 

212

 

December 2011

 

$

197.75

 

 

December 2021

 

 

27

 

 

 

27

 

March 2012

 

$

2,747.50

 

 

March 2019

 

 

165

 

 

 

165

 

February 2015

 

$

165.00

 

 

February 2025

 

 

9,001

 

 

 

9,001

 

May 2015

 

$

165.00

 

 

May 2020

 

 

138,310

 

 

 

138,310

 

May 2016

 

$

32.81

 

 

May 2021

 

 

189,577

 

 

 

189,577

 

June 2016

 

$

32.81

 

 

May 2021

 

 

82,035

 

 

 

82,035

 

June 2017

 

$

19.50

 

 

June 2022

 

 

18,754

 

 

 

18,754

 

July 2017

 

$

17.25

 

 

July 2022

 

 

6,350

 

 

 

6,350

 

July 2017

 

$

12.50

 

 

July 2022

 

 

50,000

 

 

 

50,000

 

July 2017

 

$

10.625

 

 

July 2022

 

 

1,000,003

 

 

 

1,000,003

 

February 2018

 

$

4.06

 

 

February 2023

 

 

184,615

 

 

 

 

February 2018

 

$

3.25

 

 

February 2023

 

 

1,846,153

 

 

 

 

 

 

 

 

 

 

 

 

 

3,525,797

 

 

 

1,495,031