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STOCK BASED COMPENSATION (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2018
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Schedule of Stock-based Compensation Plans

Share-based compensation was recognized as follows:


 

 

For the Three Months Ending

 

 

For the Nine Months Ending

 

 

 

September 30,

 

 

September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2007 Employee Stock Option Plan

 

$

3,617

 

 

$

12,062

 

 

$

15,149

 

 

$

12,084

 

2016 Equity Incentive Plan

 

 

92,323

 

 

 

116,956

 

 

 

323,927

 

 

 

682,537

 

Warrants

 

 

15,659

 

 

 

28,807

 

 

 

62,731

 

 

 

175,621

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total share-based compensation

 

$

111,599

 

 

$

157,825

 

 

$

401,807

 

 

$

870,242

 

As of December 31, 2017, the Company has two stock-based compensation plans. Share-based compensation was recognized as follows:


 

 

2017

 

 

2016

 

 

2015

 

 

 

 

 

 

 

 

 

 

 

2007 Employee Stock Option Plan

 

$

18,322

 

 

$

348,850

 

 

$

1,339,692

 

2016 Equity Incentive Plan

 

 

776,416

 

 

 

87,378

 

 

 

 

Warrants

 

 

416,934

 

 

 

174,359

 

 

 

91,263

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total share-based compensation

 

$

1,211,672

 

 

$

610,587

 

 

$

1,430,955

 

Schedule of Non-Qualified Stock Options and Warrants Outstanding and Exercisable

The following tables summarize all stock option and warrant activity of the Company during the nine months ended September 30, 2018:


 

 

Non-Qualified Stock Options and Warrants
Outstanding and Exercisable

 

 

 

 

 

 

 

 

 

Weighted
Average

 

 

 

Number of

 

 

Exercise

 

 

Exercise

 

 

 

Shares

 

 

Price

 

 

Price

 

 

  

 

 

 

 

 

 

 

 

Outstanding, December 31, 2017

 

 

18,629,867

 

 

$

0.57 - $1.69

 

 

$

0.90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

720,000

 

 

$

1.07 - $1.27

 

 

$

1.19

 

Expired

 

 

 

 

 

 

 

$

 

Forfeited

 

 

(175,000

)

 

$

0.90 - $0.92

 

 

$

0.91

 

Exercised

 

 

(200,000

)

 

$

0.615 - $1.00

 

 

$

0.81

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, September 30, 2018

 

 

18,974,867

 

 

$

0.57 - $1.69

 

 

$

0.91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, September 30, 2018

 

 

18,377,991

 

 

$

0.57 - $1.69

 

 

$

0.90

 

The following tables summarize all stock option and warrant activity of the Company during the years ended December 31, 2017, 2016 and 2015:

 

 

 

Non-Qualified Stock Options and Warrants Outstanding and Exercisable

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

Number of

 

 

Exercise

 

 

Average

 

 

 

Shares

 

 

Price

 

 

Exercise Price

 

 

  

 

 

 

 

 

 

 

  

Outstanding, December 31, 2014

 

 

11,819,600

 

 

$

0.25 - $1.75

 

 

$

1.15

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

9,746,267

 

 

$

0.67 - $1.02

 

 

$

0.81

 

Expired

 

 

(2,837,500

)

 

$

1.00 - $1.75

 

 

$

1.52

 

Forfeited

 

 

(200,000

)

 

$

0.92 - $1.16

 

 

$

1.01

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2015

 

 

18,528,367

 

 

$

0.63 - $1.69

 

 

$

0.92

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

1,510,000

 

 

$

0.57 - $0.86

 

 

$

0.63

 

Expired

 

 

(1,937,000

)

 

$

0.63 - $1.30

 

 

$

0.88

 

Forfeited

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2016

 

 

18,101,367

 

 

$

0.57 - $1.69

 

 

$

0.90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

1,770,000

 

 

$

0.60 - $1.50

 

 

$

0.97

 

Expired

 

 

(772,500

)

 

$

0.68 - $1.69

 

 

$

0.98

 

Forfeited

 

 

 

 

 

 

 

 

 

Exercised

 

 

(469,000

)

 

$

1.00. - $1.25

 

 

$

1.07

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Outstanding, December 31, 2017

 

 

18,629,867

 

 

$

0.57 - $1.69

 

 

$

0.90

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, December 31, 2017

 

 

18,039,242

 

 

$

0.57 - $1.69

 

 

$

0.89

Schedule of Non-Qualified Stock Options and Warrants Outstanding, by Exercise Price Range

During the three month period ending September 30, 2018, 100,000 options were exercised for proceeds of $100,000.


Non-Qualified Stock Options and Warrants Outstanding

 

 

Number Outstanding

 

Weighted Average

 

Weighted Average

Range of

 

Currently Exercisable

 

Remaining

 

Exercise Price of Options and

Exercise Prices

 

at September 30, 2018

 

Contractual Life

 

Warrants Currently Exercisable

 

    

 

    

 

    

 

$0.57 - $1.69

 

18,377,991

 

3.78

 

$0.90


Non-Qualified Stock Options and Warrants Outstanding

 

 

Number Outstanding

 

Weighted Average

 

Weighted Average

Range of

 

Currently Exercisable

 

Remaining

 

Exercise Price of Options and

Exercise Prices

 

at December 31, 2017

 

Contractual Life

 

Warrants Currently Exercisable

 

 

 

 

 

 

 

$0.57 - $1.69

 

18,039,242

 

4.30 Years

 

$0.89