XML 42 R28.htm IDEA: XBRL DOCUMENT v3.19.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Schedule of Warrant Activity

The following is a summary with respect to warrants outstanding and exercisable at December 31, 2018 and 2017 and activity during the years then ended:

 

    2018     2017  
          Weighted           Weighted  
          Average           Average  
          Exercise           Exercise  
    Warrants     Price     Warrants     Price  
                         
Outstanding at January 1:     2,645,090     $ 10.98       2,812,515     $ 11.20  
Granted during the year     -       -       391,667       1.00  
Lapsed/terminated     (1,214,974 )     19.20       (559,092 )     5.11  
                                 
Outstanding at December 31:     1,430,116     $ 4.00       2,645,090     $ 10.98  
Exercisable at December 31:     1,430,116     $ 4.00       2,645,090     $ 10.98  
                                 
Weighted average months remaining             27.9               24.3  

Summary of Stock Option Activity Under Stock Option and Incentive Plans

The following is a summary with respect to options outstanding at December 31, 2018 and 2017 and activity during the years then ended:

 

    2018   2017  
    Number of Options     Weighted Average Exercise Price     Weighted Average Life Remaining     Number of Options     Weighted Average Exercise Price     Weighted Average Life Remaining  
                (in years)                 (in years)  
Outstanding at January 1:     482,667       10.72               635,597       9.33          
Granted     405,000       1.38               -       -          
Lapsed/terminated     (105,012 )     4.96               (152,930 )     9.67          
Outstanding at December 31:     782,655       6.66       3.2       482,667       10.72       3.3  
Exercisable at December 31:     490,988       8.30       2.8       478,500       9.29       3.3  
Expected to vest at December 31:     291,667       1.41       4.5       4,167       1.00       3.3  
                                                 
Aggregate intrinsic value of outstanding options at December 31:   $ -                     $ 10,000                  
Aggregate intrinsic value of exercisable options at December 31:   $ -                     $ 6,667                  
Aggregate intrinsic value of options expected to vest at December 31:   $ -                     $ 3,333                  

Schedule of Assumptions Used to Compute the Share-based Compensation Expense for Stock Options and Warrants

Volatility     98.20 %
Expected option term     3.6 years  
Risk-free interest rate     2.7 %
Expected forfeiture rate     0.0 %
Expected dividend yield     0.0 %

Summary of Restricted Stock

The following is a summary of activity of restricted stock during the years ended at December 31, 2018 and 2017:

 

    Shares    

Weighted - average

Grant Date Fair Value

 
Restricted shares outstanding, December 31, 2016     231,000     $ 0.56  
Restricted shares granted     150,000       0.84  
Restricted shares vested     (331,000 )     0.84  
Restricted shares outstanding, December 31, 2017     50,000     $ 0.64  
Restricted shares granted     -          
Restricted shares vested     (50,000 )     0.64  
Restriced shares outstanding, December 31, 2018     -     $ -