Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.19.2
Equity (Tables)
6 Months Ended
Jun. 30, 2019
Schedule of stock options outstanding

  Options Outstanding       Options Exercisable  
  Range of Exercise Price      

Number Outstanding at
June 30,

2019

      Range of Weighted Average Remaining Contractual Life (Years)       Weighted Average Exercise Price       Number Exercisable at June 30, 2019      

Weighted Average Exercise

Price

 
$ 0.50       2,000,000       7.62     $ 0.50       1,611,111     $ 0.50  
  1.49       60,000       2.83       1.49       60,000       1.49  
  1.00       50,000       3.34       1.00       50,000       1.00  
  1.00       80,000       1.34       1.00       80,000       1.00  
  2.50       110,000       3.51       2.50       110,000       2.50  
  1.00       80,000       1.84       1.00       80,000       1.00  
  2.30       20,000       3.93       2.30       20,000       2.30  
  2.30       20,000       4.01       2.30       20,000       2.30  
  2.80       20,000       4.08       2.80       20,000       2.80  
  2.80       20,000       4.12       2.80       20,000       2.80  
  1.00       180,000       2.34       1.00       180,000       1.00  
  2.75       240,000       4.51       2.75       120,000       2.75  
  2.00       1,950,000       4.51       2.00       975,000       2.00  
  4.76       60,000       4.77       4.76       20,000       4.76  
  2.52       180,000       2.84       2.52       60,000       2.52  
$ 0.50–4.76       5,070,000       5.45     $ 1.43       3,426,111     $ 1.25  

Stock options granted to employee and director [Member]  
Schedule of stock option activities
    Number of Options     Weighted Average Exercise Price  
Outstanding at December 31, 2018     2,280,000     $ 0.69  
Granted     2,250,000       2.15  
Terminated / Exercised     -       -  
Outstanding at June 30, 2019     4,530,000     $ 1.41  
Options exercisable at June 30, 2019     3,006,111     $ 1.25  
Options expected to vest     1,523,889     $ 1.75  
Schedule of fair value of the options using the Black-Scholes option-pricing model

    Six Months
Ended
June 30,
2019
   

Six Months
Ended
June 30,
2018

 
Dividend rate     0       0  
Terms (in years)     5.0       5.0  
Volatility     149.74% -150.61 %      175.94% - 185.28%  
Risk-free interest rate     2.31% - 2.49%       2.25% - 2.78%  

Schedule of non vested stock option activities

    Number of
Options
  Weighted
Average
Exercise
Price
  Grant Date Fair
Value
Nonvested at December 31, 2018     722,222     $ 0.50     $ 902,779  
Granted     2,250,000       2.15       5,956,574  
Vested     (1,448,333 )     (1.76 )     (3,352,152 )
Nonvested at June 30, 2019     1,523,889     $ 1.75     $ 3,507,201  

Non Employee Stock Option [Member]  
Schedule of stock option activities
    Number of Options     Weighted Average Exercise Price  
Outstanding at December 31, 2018     560,000     $ 1.06  
Granted     180,000       2.52  
Exercised     (200,000 )     1.00  
Outstanding at June 30, 2019     540,000       1.57  
Options exercisable at June 30, 2019     420,500     $ 1.30  
Options expected to vest     -     $ -  
Schedule of fair value of the options using the Black-Scholes option-pricing model

    Six Months Ended
June 30,
2019
  Six Months Ended
June 30,
2018
Dividend rate     0       0  
Terms (in years)     3.00 – 5.00       2.51 - 3.0  
Volatility     150.35% – 151.70%       172.87% - 188.29%  
Risk-free interest rate     2.28% - 2.51%       2.29% - 2.66%  

Schedule of non vested stock option activities

    Number of
Options
  Weighted
Average
Exercise
Price
  Fair Value at
June 30,
2019
Nonvested at December 31, 2018     193,333     $ 1.12          
Granted     180,000       2.52          
Vested     (193,333 )     (1.12 )        
Forfeited     -         -            
Nonvested at June 30, 2019     180,000     $ 2.52     $ -