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Note 16 - Subsequent Events
12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
Subsequent Events [Text Block]
NOTE
16
: SUBSEQUENT EVENTS
 
Stock Option and Incentive Plan
 
June 27, 2018,
the Company granted
2,300,000
options to the Chief Executive Officer and
700,000
to the Chief Financial Officer (collectively, the
“2018
 Liability Options”). Each option was exercisable for an equivalent number of shares of Company common stock. The
2018
Liability Options contained a “Net Cash Exercise Provision” so that if at the time the
2018
Liability Options were exercised the Company could
not
deliver shares of Common Stock to the optionee (including, for example, if there were insufficient shares available under the Plan at the time of exercise), then in lieu of the optionee paying the exercise price and the Company issuing shares of stock, the option would only be exercised on a cash “net basis” requiring that the Company pay cash in an amount equal to the excess of the fair market value of the Common Stock over the option exercise price.
 
On
January 13, 2019,
the Company, CEO and CFO agreed to cancel and terminate the 
2018
Liability Options so they are
no
longer outstanding and of
no
further force and effect. On
January 13, 2019,
the Company granted a new option to the CEO to purchase
2,300,000
shares of Common Stock and a new option to the CFO to purchase
800,000
shares of Common Stock (the
“2019
Options”). The
2019
Options: (i) have an exercise price equal to the fair market value of Common Stock on the date of grant which was
$1.36
per share, (ii) do
not
contain a Net Cash Exercise provision, (iii) are granted pursuant to the terms and conditions of the Plan as amended by the Board of Directors on
January 13, 2019,
to include shares issuable upon exercise of the
2019
Options and other changes to the Plan so that the
2019
Options do
not
conflict with the Plan (the “Amended Plan”), (iv) vest and are exercisable in accordance with the vesting schedule related to the 
2018
Liability Options; provided, however, that the
2019
Options are
not
exercisable unless and until the Company’s stockholders approve the Amended Plan to increase the authorized number of shares available for grant under the Plan as only
3,575
options were available for grant as of
December 31, 2018,
and (vi) are subject to and conditioned the
2019
Option Agreements with the optionees and the employment agreements with the optionees.
 
The above actions were unanimously approved by the disinterested members of the Board of Directors. The above actions are intended to eliminate the Company’s potential liability associated with the Net Cash Exercise Provision of the liability options, and to allow the stockholders of the Company the opportunity to vote on the Amended Plan, which includes shares issuable upon exercise of the
2019
Options.
 
 
Warrant Exercises
 
In 
March 2019,
the Company received approximately
$11.3
million from exercises of warrants issued on
May 30, 2018.
As a result of the warrant exercises, the Company retired approximately
2.8
million warrants and issued approximately
2.8
million shares of common stock.