Quarterly report pursuant to Section 13 or 15(d)

4. Stock-Based Compensation (Tables)

v3.8.0.1
4. Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2018
Notes to Financial Statements  
Black-Scholes option pricing model assumptions
    2018
Risk-free interest rate 2.65% - 2.66%
Dividend yield 0%
Expected term 5 years
Expected volatility 49.0%
Options outstanding
    Options outstanding          
          Weighted average   Weighted average   Aggregate  
          exercise price   remaining   intrinsic  

Incentive Options

   Shares     per share  

contractual term

   value  
Outstanding at January 1, 2018     1,288,000     $ 0.21          
Options granted     130,000       0.47          
Options exercised     -       -          
Options expired     -       -          
Options forfeited     -       -          
Outstanding at March 31, 2018     1,418,000     $ 0.23   5 years, 3 months   $ 320,178  
Exercisable at March 31, 2018     1,172,000     $ 0.20   4 years, 9 months   $ 304,818  
Nonvested stock awards
    Nonvested  
          Weighted average  
          grant date  
    Shares     fair value  
Nonvested at January 1, 2018     232,000     $ 0.10  
Granted     130,000       0.21  
Vested     (116,000 )     0.10  
Forfeited     -       -  
Nonvested at March 31, 2018     246,000     $ 0.16