Quarterly report pursuant to Section 13 or 15(d)

Equity (Tables)

v3.19.1
Equity (Tables)
3 Months Ended
Mar. 31, 2019
Schedule of stock options outstanding
Options Outstanding     Options Exercisable  
Range of Exercise Price     Number Outstanding at March 31,
2019
    Range of Weighted Average Remaining Contractual Life (Years)     Weighted Average Exercise Price     Number Exercisable at March 31, 2019     Weighted Average Exercise
Price
 
$ 0.50       2,000,000       7.87     $ 0.50       1,444,444     $ 0.50  
  1.49       60,000       3.08       1.49       60,000       1.49  
  1.00       50,000       3.59       1.00       50,000       1.00  
  1.00       80,000       1.59       1.00       80,000       1.00  
  2.50       110,000       3.76       2.50       110,000       2.50  
  1.00       80,000       2.08       1.00       80,000       1.00  
  2.30       20,000       4.18       2.30       20,000       2.30  
  2.30       20,000       4.26       2.30       20,000       2.30  
  2.80       20,000       4.33       2.80       20,000       2.80  
  2.80       20,000       4.37       2.80       13,334       2.80  
  1.00       180,000       2.59       1.00       90,000       1.00  
  2.75       250,000       4.76       2.75       62,500       2.75  
  2.00       1,950,000       4.76       2.00       487,500       2.00  
$ 0.50–2.80       4,840,000       5.80     $ 1.35       2,537,778     $ 1.07  
Schedule of stock warrants activities
    Number of Warrants     Weighted Average Exercise Price  
Outstanding at December 31, 2018     578,891     $ 1.28  
Issued     -       -  
Exercised     (578,891 )     (1.28 )
Outstanding and exercisable at March 31, 2019     -     $ -  
Employee Stock Option [Member]  
Schedule of stock option activities
    Number of Options     Weighted Average Exercise Price  
Outstanding at December 31, 2018     2,280,000     $ 0.69  
Granted     2,200,000       2.09  
Terminated / Exercised     -       -  
Outstanding at March 31, 2019     4,480,000     $ 1.37  
Options exercisable at March 31, 2019     2,274,444     $ 1.07  
Options expected to vest     2,205,556     $ 1.69  
Schedule of fair value of the options using the Black-Scholes option-pricing model
    Three Months Ended
March 31,
2019
    Three Months Ended
March 31, 2018
 
Dividend rate     0       0  
Terms (in years)     5.0       5.0  
Volatility     150.61 %     185.28 %
Risk-free interest rate     2.37% - 2.49%       2.25 %
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     2,200,000       2.09       5,723,438  
Vested     (716,666 )     (1.72 )     (1,639,193 )
Nonvested at March 31, 2019     2,205,556     $ 1.69     $ 4,987,024  
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     -       -  
Exercised     (200,000 )     1.00  
Outstanding at March 31, 2019     360,000       1.10  
Options exercisable at March 31, 2019     263,334     $ 1.09  
Options expected to vest     96,666     $ 1.12  
Schedule of fair value of the warrants using the Black-Scholes option-pricing model
    Three Months Ended
March 31,
2019
    Three Months Ended
March 31,
2018
 
Dividend rate     0       0  
Terms (in years)     2.59 – 4.50       3.0  
Volatility     150.38% – 154.33 %     183.23% - 188.29 %
Risk-free interest rate     2.21% - 2.53 %     2.29% - 2.37 %
Schedule of non vested stock option activities
    Number of Options     Weighted Average Exercise Price     Fair Value at
March 31, 2019
 
Nonvested at December 31, 2018     193,333     $ 1.12          
Granted     -       -          
Vested     (96,667 )     (1.12 )        
Forfeited     -       -          
Nonvested at March 31, 2019     96,666     $ 1.12     $ 177,507