Quarterly report pursuant to Section 13 or 15(d)

4. Stock-Based Compensation (Tables)

v3.19.1
4. Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2019
Share-based Compensation [Abstract]  
Black-Scholes option pricing model assumptions
    Three Months Ended  
    March 31, 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     shares  
Outstanding at January 1, 2019     1,376,500     $ 0.23                  
Options granted     -       -                  
Options exercised     -       -                  
Options expired     (4,500 )     0.13                  
Options forfeited     -       -                  
Outstanding at March 31, 2019     1,372,000     $ 0.23     4 years, 6 months     $ 53,263  
Exercisable at March 31, 2019     1,331,000     $ 0.23     4 years, 5 months     $ 53,263  
Nonvested stock awards

 

    Nonvested  
          Weighted average  
          grant date  
    Shares     fair value  
Nonvested at January 1, 2019     148,500     $ 0.20  
Granted     -       -  
Vested     (107,500 )     0.21  
Forfeited     -       -  
Nonvested at March 31, 2019     41,000     $ 0.17