11. Options

12 Months Ended

Dec. 31, 2019

Share-based Payment Arrangement [Abstract]

Options

Note 11 – Options

Options Granted

No options were granted during the years ended December 31, 2019 and 2018.

The Company recognized a total of $100,526, and $310,731 of compensation expense during the years ended December 31, 2019 and 2018, respectively, related to common stock options issued to Employees and Directors that are being amortized over the implied service term, or vesting period, of the options. The remaining unamortized balance of these options is $14,396 as of December 31, 2019.

Options Cancelled or Forfeited

An aggregate 1,284 and 206 options with a weighted average strike price of $27.18 and $152.71 per share were forfeited by former employees during the years ended December 31, 2019 and 2018, respectively.

Options Expired

An aggregate 457 and 40 options with a weighted average strike price of $9.51 and $24.00 per share expired during the years ended December 31, 2019 and 2018, respectively.

Options Exercised

No options were exercised during the years ended December 31, 2019 and 2018.

The following is a summary of information about the Stock Options outstanding at December 31, 2019.

				Shares Underlying
Shares Underlying Options Outstanding				Options Exercisable
		Weighted
	Shares	Average	Weighted	Shares	Weighted
	Underlying	Remaining	Average	Underlying	Average
Range of	Options	Contractual	Exercise	Options	Exercise
Exercise Prices	Outstanding	Life	Price	Exercisable	Price
$9.33 - $300.00	34,204	4.76 years	$89.31	33,758	$88.26

The following is a summary of activity of outstanding stock options:

				Weighted
				Average
	Number			Exercise
	of Shares			Prices
Balance, December 31, 2017		36,191		$	87.00
Options expired		(40	)		(24.00	)
Options cancelled		(206	)		(153.00	)
Options granted		–			–
Options exercised		–			–
Balance, December 31, 2018		35,945			87.00
Options expired		(457	)		(9.51	)
Options cancelled		(1,284	)		(27.18	)
Options granted		–			–
Options exercised		–			–
Balance, December 31, 2019		34,204		$	89.31
Exercisable, December 31, 2019		33,758		$	88.26