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Stockholders' equity (Tables)
6 Months Ended
Jun. 30, 2019
Federal Home Loan Banks [Abstract]  
Schedule of Stock Option Transactions and Number of Stock Options Outstanding
Stock option transactions and the number of stock options outstanding are summarized below:
 
 
 
NUMBER OF

SHARES
 
 
WEIGHTED

AVERAGE

EXERCISE 
PRICE
 
 
WEIGHTED

AVERAGE

REMAINING

CONTRACTUAL

LIFE

(IN YEARS)
 
 
AGGREGATE

INTRINSIC

VALUE (IN

THOUSANDS)
 
Outstanding at December 31, 2018
 
 
2,897,294
 
 
$
9.04
 
 
 
7.96
 
 
$
 
Options forfeited
 
 
(266,197
)
 
 
11.76
 
 
 
 
 
 
 
 
 
Outstanding at June 30, 2019
 
 
2,631,097
 
 
$
8.76
 
 
 
7.60
 
 
$
 
Exercisable as of June 30, 2019
 
 
1,160,663
 
 
$
11.58
 
 
 
6.01
 
 
$
 
Schedule of Weighted Average Assumptions
The fair value of stock options granted is estimated using the Black-Scholes option pricing model with the following weighted average assumptions:
 
 
 
THREE MONTHS ENDED

JUNE 30,
 
 
SIX MONTHS ENDED

JUNE 30,
 
 
 
2019
 
 
2018
 
 
2019
 
 
2018
 
Expected volatility
 
 
NA
 
 
 
86
%
 
 
NA
 
 
 
77
%
Expected dividends
 
 
NA
 
 
 
0
%
 
 
NA
 
 
 
0
%
Expected terms (years)
 
 
NA
 
 
 
6.00
 
 
 
NA
 
 
 
6.00
 
Risk free rate
 
 
NA
 
 
 
2.82
%
 
 
NA
 
 
 
2.74
%
Weighted average grant-date fair value of stock options
 
 
NA
 
 
$
9.60
 
 
 
NA
 
 
$
10.83