Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.10.0.1
Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of Stock Option Valuation Assumption

The fair value of the Company’s option awards granted during the nine-month period ended September 30, 2018 was estimated using the following assumptions:

 

Exercise price   $ 2.84  
Risk-free rate of interest     3.09 %
Expected term (years)     5.0 to 6.25  
Expected stock price volatility     85.31 %
Dividend yield     0 %

Schedule of Stock Option

The following table summarizes the Company’s stock option activity for the nine months ended September 30, 2018:

 

    Total options
Outstanding
    Weighted average
exercise price
    Weighted average remaining contractual life
(in years)
 
Outstanding as of January 1, 2018     -     $ -       -  
Options granted     334,400       2.84       9.9  
Exercised     -       -       -  
Forfeited     -       -       -  
Outstanding as of September 30, 2018     334,400     $ 2.84       9.9