Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.8.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2017
Stock-based Compensation Tables  
Equity Incentive Plan
   

Awards Reserved

for Issuance

    Awards Issued    

Awards Available

for Grant

 
                   
2016 Equity Incentive Plan     30,000,000       1,177,732       28,822,268  
Stock option activity
    Number of Shares     Weighted-Average Exercise Price Per Share     Weighted-Average Remaining Contractual Life   Aggregate Intrinsic Value of In-the-Money Options  
                       
Options Outstanding as of January 1, 2016     -     $ -            
                           
Options Granted     446,667     $ 1.35            
Options Exercised     -     $ -            
Options Forfeited     -     $ -            
Options Expired     -     $ -            
Options Outstanding as of December 31, 2016     446,667     $ 1.35            
                           
Options Granted     731,065     $ 2.68            
Options Exercised     -     $ -            
Options Forfeited     -     $ -            
Options Expired     -     $ -            
                           
Options Outstanding as of December 31, 2017     1,177,732     $ 2.17     8.9 Years   $ 4,330,481  
Options Exercisable as of December 31, 2017     491,035     $ 1.90     8.6 Years   $ 1,940,491  
Weighted-average assumptions stock-based compensation
    Year Ended December 31,  
    2017     2016  
Expected term (years)   5 Years     5 Years  
Volatility   117.3-120.9 %     121.62 %
Risk-Free Interest Rate   2.0-2.4 %     2.5 %
Dividend Yield     0 %     0 %
Stock-Based Compensation Expense
    For the Year Ended  
   

December 31,

2017

   

December 31,

2016

 
Type of Award   Number of Shares or Options Granted     Stock-Based Compensation Expense     Number of Shares or Options Granted     Stock-Based Compensation Expense  
                         
Stock Options     731,065     $ 692,971       446,667     $ 190,355  
                                 
Stock Grants:                                
Employees (Common Stock)     158,867       490,880       -       -  
Employees (Series B Preferred Stock)     40,000       1,035,406       430,113       2,451,220  
Directors (Common Stock)     81,061       221,973       71,381       334,424  
Non–Employee Consultants (Common Stock)     389,374       1,284,562       422,971       2,406,061  
                                 
Total Stock–Based Compensation Expense           $ 3,725,792             $ 5,382,060