EQUITY (Tables)
|
6 Months Ended |
Jun. 30, 2018 |
|---|
| Schedule of stock options outstanding |
The following table
summarizes the shares of the Company’s common stock issuable upon exercise of options outstanding at June 30, 2018:
| Options Outstanding |
|
|
Options Exercisable |
|
| Range of Exercise Price |
|
|
Number Outstanding at June 30, 2018 |
|
|
Range of Weighted Average Remaining Contractual Life (Years) |
|
|
Weighted Average Exercise Price |
|
|
Number Exercisable at June 30, 2018 |
|
|
Weighted Average Exercise Price |
|
| $ |
0.50 |
|
|
|
2,000,000 |
|
|
|
8.62 |
|
|
$ |
0.50 |
|
|
|
944,444 |
|
|
$ |
0.50 |
|
| |
1.49 |
|
|
|
60,000 |
|
|
|
3.83 |
|
|
|
1.49 |
|
|
|
60,000 |
|
|
|
1.49 |
|
| |
1.00 |
|
|
|
230,000 |
|
|
|
2.77 |
|
|
|
1.00 |
|
|
|
210,000 |
|
|
|
1.00 |
|
| |
2.50 |
|
|
|
120,000 |
|
|
|
4.51 |
|
|
|
2.50 |
|
|
|
60,000 |
|
|
|
2.50 |
|
| |
1.00 |
|
|
|
180,000 |
|
|
|
2.84 |
|
|
|
1.00 |
|
|
|
0 |
|
|
|
1.00 |
|
| |
2.30 |
|
|
|
20,000 |
|
|
|
4.93 |
|
|
|
2.30 |
|
|
|
10,000 |
|
|
|
2.30 |
|
| $ |
0.50–2.50 |
|
|
|
2,610,000 |
|
|
|
7.38 |
|
|
$ |
0.71 |
|
|
|
1,284,444 |
|
|
$ |
0.74 |
|
|
| Schedule of stock warrants activities |
Stock warrants activities
during the six months ended June 30, 2018 were as follows:
| |
|
Number of Warrants |
|
|
Weighted Average Exercise Price |
|
| Outstanding at December 31, 2017 |
|
|
— |
|
|
$ |
— |
|
| Issued |
|
|
578,891 |
|
|
|
1.28 |
|
| Exercised |
|
|
— |
|
|
|
— |
|
| Outstanding and exercisable at June 30, 2018 |
|
|
578,891 |
|
|
|
1.28 |
|
|
| Schedule of warrants outstanding and exercisable |
The following table
summarizes the shares of the Company’s common stock issuable upon exercise of warrants outstanding and exercisable at June
30, 2018:
| Warrants Outstanding and Exercisable |
|
| Range of Exercise Price |
|
|
Number Outstanding at June 30, 2018 |
|
|
Range of Weighted Average Remaining Contractual Life (Years) |
|
|
Weighted Average Exercise Price |
|
| $ |
1.00 |
|
|
|
360,500 |
|
|
|
4.75 |
|
|
$ |
1.00 |
|
| |
1.62 |
|
|
|
151,235 |
|
|
|
4.81 |
|
|
|
1.62 |
|
| |
1.85 |
|
|
|
5,960 |
|
|
|
4.82 |
|
|
|
1.85 |
|
| |
1.90 |
|
|
|
36,750 |
|
|
|
4.85 |
|
|
|
1.90 |
|
| |
2.24 |
|
|
|
24,446 |
|
|
|
4.90 |
|
|
|
2.24 |
|
| $ |
1.00–2.24 |
|
|
|
578,891 |
|
|
|
4.78 |
|
|
$ |
1.28 |
|
|
| Employee Stock Option [Member] |
|
| Schedule of stock option activities |
Employee
and director stock option activities for the six months ended June 30, 2018 were as follows:
| |
|
Number of Options |
|
|
Weighted Average Exercise Price |
|
| Outstanding at December 31, 2017 |
|
|
2,110,000 |
|
|
$ |
0.54 |
|
| Granted |
|
|
140,000 |
|
|
|
2.47 |
|
| Exercised |
|
|
— |
|
|
|
— |
|
| Outstanding at June 30, 2018 |
|
|
2,250,000 |
|
|
|
0.66 |
|
| Options exercisable at June 30, 2018 |
|
|
1,104,444 |
|
|
$ |
0.69 |
|
| Options expected to vest |
|
|
1,145,556 |
|
|
$ |
0.63 |
|
|
| Schedule of fair value of the options using the Black-Scholes option-pricing model |
The
fair values of these options granted to employee and director during the six months ended June 30, 2018 were estimated at the date
of grant using the Black-Scholes option-pricing model with the following assumptions:
| Dividend rate |
0 |
| Terms (in years) |
5.0 |
| Volatility |
175.94 - 185.28% |
| Risk-free interest rate |
2.25% - 2.78% |
|
| Schedule of non vested stock option activities |
A summary of the status
of the Company’s nonvested employee and director stock options granted as of June 30, 2018 and changes during the six months
ended June 30, 2018 is presented below:
| |
|
|
Number of Options |
|
|
Weighted Average Exercise Price |
|
|
Grant Date Fair Value |
|
| Nonvested at December 31, 2017 |
|
|
|
1,428,889 |
|
|
$ |
0.51 |
|
|
$ |
1,876,079 |
|
| Granted |
|
|
|
140,000 |
|
|
|
2.47 |
|
|
|
337,523 |
|
| Vested |
|
|
|
(423,333 |
) |
|
|
(0.85 |
) |
|
|
(638,131 |
) |
| Forfeited |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
| Nonvested at June 30, 2018 |
|
|
|
1,145,556 |
|
|
$ |
0.63 |
|
|
$ |
1,575,471 |
|
|
| Non Employee Stock Option [Member] |
|
| Schedule of stock option activities |
Non-employee
stock option activities for the six months ended June 30, 2018 were as follows:
| |
|
Number of Options |
|
|
Weighted Average Exercise Price |
|
| Outstanding at December 31, 2017 |
|
|
180,000 |
|
|
$ |
1.00 |
|
| Granted |
|
|
180,000 |
|
|
|
1.00 |
|
| Exercised |
|
|
— |
|
|
|
— |
|
| Outstanding at June 30, 2018 |
|
|
360,000 |
|
|
|
1.00 |
|
| Options exercisable at June 30, 2018 |
|
|
180,000 |
|
|
$ |
1.00 |
|
| Options expected to vest |
|
|
180,000 |
|
|
$ |
1.00 |
|
|
| Schedule of fair value of the options using the Black-Scholes option-pricing model |
The
fair values of these non-employee options vested in the six months ended June 30, 2018 and nonvested non-employee options as of
June 30, 2018 were estimated using the Black-Scholes option-pricing model with the following assumptions:
| Dividend rate |
0 |
| Terms (in years) |
2.51 - 3.0 |
| Volatility |
172.87% - 188.29% |
| Risk-free interest rate |
2.29% - 2.66% |
|
| Schedule of non vested stock option activities |
A summary of the status
of the Company’s nonvested non-employee stock options granted as of June 30, 2018 and changes during the six months ended
June 30, 2018 is presented below:
| |
|
|
Number of Options |
|
|
Weighted Average Exercise Price |
|
|
Fair Value at June 30, 2018 |
|
| Nonvested at December 31, 2017 |
|
|
|
180,000 |
|
|
$ |
1.00 |
|
|
|
|
|
| Granted |
|
|
|
180,000 |
|
|
|
1.00 |
|
|
|
|
|
| Vested |
|
|
|
(180,000 |
) |
|
|
(1.00 |
) |
|
|
|
|
| Forfeited |
|
|
|
— |
|
|
|
— |
|
|
|
|
|
| Nonvested at June 30, 2018 |
|
|
|
180,000 |
|
|
$ |
1.00 |
|
|
$ |
454,979 |
|
|