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Equity (Tables)
12 Months Ended
Dec. 31, 2018
Equity  
Summary of stock option activity by plan

The following table summarizes stock option activity by incentive plan for the years ended December 31, 2018 and December 31, 2017 (in actual amounts):

 

 

 

 

 

 

 

 

 

 

Amended and

 

2016 Stock

 

Total Number

 

    

Restated Plan

    

Incentive Plan

    

of Shares

Outstanding at January 1, 2017

 

444

 

150,000

 

150,444

Granted

 

 —

 

 —

 

 —

Exercised

 

 —

 

 —

 

 —

Forfeited / Expired

 

 —

 

(79,723)

 

(79,723)

Outstanding at December 31, 2017

 

444

 

70,277

 

70,721

 

 

 

 

 

 

 

Outstanding at January 1, 2018

 

444

 

70,277

 

70,721

Granted

 

 —

 

250,000

 

250,000

Exercised

 

 —

 

 —

 

 —

Forfeited / Expired

 

 —

 

 —

 

 —

Outstanding at December 31, 2018

 

444

 

320,277

 

320,721

 

Schedule of stock option activity in the aggregate

The following table summarizes stock option activity for all incentive plans for the years ended December 31, 2018 and 2017 (in actual amounts):

 

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

Weighted Average

    

Aggregate

 

 

 

 

Average

 

Remaining Contractual

 

Intrinsic

 

 

Options

 

Exercise Price

 

Life (Years)

 

Value

Outstanding at January 1, 2018

 

70,721

 

$

4.07

 

4.55

 

$

 —

Granted

 

250,000

 

 

4.22

 

2.81

 

 

 

Exercised

 

 —

 

 

 —

 

 

 

 

 

Expired

 

 —

 

 

 —

 

 

 

 

 

Forfeited

 

 —

 

 

 —

 

 

 

 

 

Outstanding at December 31, 2018

 

320,721

 

$

4.19

 

8.45

 

$

 —

Exercisable at December 31, 2018

 

70,721

 

$

4.07

 

3.55

 

$

 —

 

Schedule of exercise prices for options outstanding and exercisable

The following table summarizes exercise prices for options exercisable as of December 31, 2018 (in actual amounts):

 

 

 

 

 

 

 

 

 

 

Options Exercisable

Exercise Price

    

Number of Shares

    

Weighted-Average
Remaining Contractual
Life (Years)

$

4.02

 

70,277

 

5.4

$

11.40

 

444

 

6.0

 

 

 

70,721

 

 

 

Schedule of key input assumptions used to estimate the fair value of stock options

 

 

 

 

 

 

 

 

 

    

2018

 

2017

 

Stock Price on Grant Date

 

$

4.22

 

$

1.85

 

Expected Dividend Rate

 

 

0.00

%

 

0.00

%

Expected Volatility

 

 

60.00

%

 

60.00

%

Exercise Price

 

$

4.22

 

$

4.02

 

Risk Free Rate

 

 

3.08

%

 

1.75

%

Average expected stock option term (in years)

 

 

8.45

 

 

5.00

 

 

Summary of the status of restricted common stock and RSUs and changes

The following table summarizes RSU activity for the year ended December 31, 2018 (in actual amounts):

 

 

 

 

 

 

 

 

Restricted Stock Units

 

    

Number Of
Units

    

Weighted Average Grant
Date Fair Value

Outstanding at January 1, 2017

 

800,843

 

$

4.65

Granted

 

510,000

 

 

2.24

Vested

 

350,141

 

 

4.54

Forfeited

 

215,000

 

 

2.46

Outstanding at December 31, 2017

 

745,702

 

 

3.68

 

 

 

 

 

 

Outstanding at January 1, 2018

 

745,702

 

$

3.68

Granted

 

6,473,484

 

 

3.75

Vested

 

1,278,626

 

 

2.50

Forfeited

 

120,000

 

 

1.42

Outstanding at December 31, 2018

 

5,820,560

 

$

4.06