XML 59 R26.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Stockholders' equity (deficit) (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Stockholders' Equity Note [Abstract]    
Schedule of Company Recognized Stock-Based Compensation Expense

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

 

    Three Months Ended September 30,       Nine Months Ended September 30,  
    2019     2018       2019     2018  
Cost of services   $ 584     $ (2,807 )     $ 1,146     $ 924  
Research and development     20,175       56,961         55,635       187,512  
General and administrative     65,318       141,974         202,696       434,314  
Sales and marketing     5,090       10,523         15,694       35,981  
    $ 91,167     $ 206,651       $ 275,171     $ 658,731  

 

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  

 

Schedule of Warrants to Purchase Shares of Common Stock

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

 

            Outstanding at    
Issuance   Exercise
Price
  Expiration   September 30, 2019 (1)   December 31, 2018 (1)
  November 2009     $ 3,955.00       November 2019       17       17  
  January 2010     $ 3,955.00       January 2020       17       17  
  March 2010     $ 3,955.00       March 2020       7       7  
  November 2011     $ 3,955.00       November 2021       15       15  
  December 2011     $ 3,955.00       December 2021       2       2  
  March 2012     $ 54,950.00       March 2019       —         8  
  February 2015     $ 3,300.00       February 2025       451       451  
  May 2015     $ 3,300.00       May 2020       6,555       6,555  
  May 2016     $ 656.00       May 2021       9,483       9,483  
  June 2016     $ 656.00       May 2021       4,102       4,102  
  June 2017     $ 390.00       June 2022       938       938  
  July 2017     $ 345.00       July 2022       318       318  
  July 2017     $ 250.00       July 2022       2,501       2,501  
  July 2017     $ 212.60       July 2022       50,006       50,006  
  February 2018     $ 81.20       February 2023       9,232       9,232  
  February 2018     $ 65.00       February 2023       92,338       92,338  
                          175,982       175,990  
 

 

(1)

 

Warrants to purchase fractional shares of common stock resulting from the reverse stock split on August 29, 2019 were rounded up to the next whole share of common stock on a holder by holder basis.

 

 

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  

 

 

 

 

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