STOCKHOLDERS’ EQUITY (Tables)

9 Months Ended

Sep. 30, 2019

STOCKHOLDERS’ EQUITY

Schedule of Restricted stock activity

The following table illustrates the Company’s stock issuance activity for our agent growth incentive programs, for the following periods:

			Weighted Average
			Grant Date
	Shares		Fair Value
Balance, December 31, 2017		3,059,065	$	7.60
Granted		2,380,100		11.59
Vested and issued		(889,769)		12.16
Forfeited		(676,519)		4.05
Balance, December 31, 2018		3,872,877	$	11.63
Granted		1,236,621		9.19
Vested and issued		(1,400,344)		11.20
Forfeited		(530,744)		3.13
Balance, September 30, 2019		3,178,410	$	11.26

Schedule of stock options fair value assumptions

	Nine Months Ended September 30, 2019
Expected term	6.25 years
Expected volatility	122.60% - 127.93%
Risk-free interest rate	1.65% - 2.70%
Dividend yield	- %

Schedule of stock option activity

The following table illustrates the Company’s stock option activity for the following periods:

							Weighted
							Average
			Weighted				Remaining
			Average				Contractual Term
	Options		Exercise Price		Intrinsic Value		(Years)
Balance, December 31, 2017		10,873,292	$	1.50	$	5.08		6.65
Granted		870,000		10.86		(3.78)		9.34
Exercised		(2,594,050)		0.78		11.90		—
Forfeited		(451,629)		3.03		9.59		—
Balance, December 31, 2018		8,697,613	$	2.08	$	5.00		6.07
Granted		343,873		10.21		(2.31)		9.73
Exercised		(1,895,629)		0.82		8.71		—
Forfeited		(343,552)		7.50		2.73		—
Balance, September 30, 2019		6,802,305	$	2.57	$	5.82		5.57
Exercisable at September 30, 2019		5,680,009		1.38		7.00		4.95
Vested at September 30, 2019		5,761,813	$	1.46	$	6.92		5.06