Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.10.0.1
Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2018
Stockholders' Equity Note [Abstract]  
Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table illustrates the common stock options granted during the nine months ended September 30, 2018:
 
Title
 
Grant
date
 
No. of

options
 
 
Weighted

average

exercise

price
 
 
Weighted

average

grant date

fair value
 
 
Vesting

terms
 
Assumptions used in Black-Scholes

option pricing model
Consultants
 
January - September 2018
 
 
15,000
 
 
$
0.34
 
 
$
0.29
 
 
Immediately
 
Volatility
 
 
114 -118
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk free interest rate
 
 
2.22 -2.82
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected term, in years
 
 
6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0.00
%
Management,
 
January - September 2018
 
 
57,000
 
 
$
0.25
 
 
$
0.22
 
 
2 years
 
Volatility
 
 
118
%
Directors and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk free interest rate
 
 
2.96
%
Employees
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected term, in years
 
 
6
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0.00
%
 
The following table illustrates the common stock options granted during the nine months ended September 30, 2017:
 
Title
 
Grant
date
 
No. of

options
 
 
Weighted

average

exercise

price
 
 
Weighted

average

grant date

fair value
 
 
Vesting

terms
 
Assumptions used in Black-Scholes

option pricing model
Management,
 
January - September 2017
 
 
366,500
 
 
$
4.00
 
 
$
2.60
 
 
1-3 years
 
Volatility
 
 
109-115
%
Directors and
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk free interest rate
 
 
2.22-2.53
%
Employees
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected term, in years
 
 
6-10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0.00
%
Schedule of Share-based Compensation, Restricted Stock Units Award Activity [Table Text Block]
The following table illustrates the stock awards during the nine months ended September 30, 2018.
 
Title
 
Grant
date
 
No. of

stock

awards
 
 
Weighted

average

grant date

fair value
 
 
Vesting

terms
Consultants
 
January - September
2018
 
 
100,000
 
 
$
0.38
 
 
Immediately
Share-based Compensation, Activity [Table Text Block]
The following table summarizes information about stock option activity for the nine months ended September 30, 2018:
 
 
 
Options
 
 
 
No. of

options
 
 
Weighted

average

exercise

price
 
 
Exercise price

range
 
Weighted

average

grant date

fair value
 
 
Aggregate

Intrinsic

Value (in

thousands)
 
Outstanding at December 31, 2017
 
 
519,014
 
 
$
9.80
 
 
 $0.80 - $80.00
 
$
9.40
 
 
$
-
 
Granted
 
 
72,000
 
 
$
0.27
 
 
$0.25-$0.34
 
$
0.23
 
 
$
-
 
Forfeited/cancelled
 
 
(111,351
)
 
$
22.23
 
 
$2.68-$80.00
 
$
19.12
 
 
 
-
 
Outstanding at September 30, 2018
 
 
479,663
 
 
$
5.40
 
 
 $0.25 - $61.00
 
$
5.80
 
 
$
-
 
Exercisable at September 30, 2018
 
 
356,787
 
 
$
7.00
 
 
$0.25 - $61.00
 
$
7.60
 
 
$
-
 
Schedule Of Stock holders Equity Note Warrants Or Rights Granted [Table Text Block]
The following table illustrates warrants granted during the nine months ended September 30, 2018:
 
Title
 
Grant
date
 
No. of

warrants
 
 
Weighted

average

exercise

price
 
 
Weighted

average

grant date

fair value
 
 
Vesting

terms
 
Assumptions used in Black-Scholes

option pricing model
Investors
 
January - September 2018
 
 
474,667
 
 
$
0.47
 
 
$
0.19
 
 
Six months
 
Volatility
 
 
118
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk free interest rate
 
 
2.90
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected term, in years
 
 
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0.00
%
 
The following table illustrates warrants granted during the nine months ended September 30, 2017:
 
Title
 
Grant date
 
No. of

warrants
 
 
Weighted

average

exercise

price
 
 
Weighted

average

grant date

fair value
 
 
Vesting

terms
 
Assumptions used in Black-Scholes

option pricing model
Investors
 
January - September 
2017
 
 
52,910
 
 
$
10.00
 
 
$
3.80
 
 
Immediately
 
Volatility
 
 
109
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk free interest rate
 
 
1.89
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected term, in years
 
 
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Noteholders
 
January - September 2017
 
 
387,597
 
 
$
0.86
 
 
$
1.96
 
 
Immediately
 
Volatility
 
 
105
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Risk free interest rate
 
 
1.91
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Expected term, in years
 
 
5
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Dividend yield
 
 
0.00
%
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
The following table summarizes information about warrants outstanding at September 30, 2018:
 
 
 
Number of
Warrants
 
 
Weighted
Average
Exercise
Price
 
 
Exercise
price range
 
Warrants outstanding at December 31, 2017
 
 
18,695,677
 
 
$
3.00
 
 
 
$0.86-$200.00
 
Warrants issued
 
 
474,667
 
 
 
0.47
 
 
$
0.47
 
Warrants increased
 
 
4,004,147
 
 
 
0.08
 
 
$
0.08
 
Warrants exercised
 
 
(34,820
)
 
 
.08
 
 
 
.08
 
Outstanding and exercisable at September 30, 2018
 
 
23,139,671
 
 
$
1.61
 
 
 
$0.08-$200.00