Temporary Equity and Stockholders' Deficiency (Tables)
|
6 Months Ended |
Jun. 30, 2019 |
|---|
| Equity [Abstract] |
|
| Summary of Warrants Activity |
A
summary of warrants activity during the six months ended June 30, 2019 is presented below:
| |
|
Number of Warrants |
|
|
Weighted Average Exercise Price |
|
|
Weighted Average Remaining Life in Years |
|
|
Intrinsic Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding, December 31, 2018 |
|
|
1,229,630 |
|
|
|
2.15 |
|
|
|
|
|
|
|
|
|
| Issued |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cancelled |
|
|
(237,464 |
) |
|
|
2.30 |
|
|
|
|
|
|
|
|
|
| Outstanding, June 30, 2019 |
|
|
992,166 |
|
|
$ |
2.11 |
|
|
|
1.5 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, June 30, 2019 |
|
|
992,166 |
|
|
$ |
2.11 |
|
|
|
1.5 |
|
|
$ |
- |
|
|
| Schedule of Share-based Compensation, Equity Instruments Other Than Options, by Exercise Price Range |
A
summary of outstanding and exercisable warrants as of June 30, 2019 is presented below:
| Warrants Outstanding |
|
|
Warrants Exercisable |
|
| Exercise Price |
|
|
Exercisable Into |
|
Outstanding Number of Warrants |
|
|
Weighted Average Remaining Life in Years |
|
|
Exercisable Number of Warrants |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| $ |
2.00 |
|
|
Common Stock |
|
|
741,879 |
|
|
|
1.5 |
|
|
|
741,879 |
|
| $ |
2.30 |
|
|
Common Stock |
|
|
61,980 |
|
|
|
0.5 |
|
|
|
61,980 |
|
| $ |
2.50 |
|
|
Common Stock |
|
|
188,307 |
|
|
|
1.7 |
|
|
|
188,307 |
|
| |
|
|
|
Total |
|
|
992,166 |
|
|
|
|
|
|
|
992,166 |
|
|
| Schedule of Fair Value Assumptions of Stock Option |
Assumptions used in applying
the Black-Scholes option pricing model during the six months ended June 30, 2019 are as follows:
| |
|
For the Three Months Ended |
|
| |
|
June 30, |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Risk free interest rate |
|
|
2.43 |
% |
|
|
2.56 |
% |
| Expected term (years) |
|
|
3.6-5.0 |
|
|
|
5.0 |
|
| Expected volatility |
|
|
52 |
% |
|
|
43.50 |
% |
| Expected dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
| Schedule of Share-based Compensation, Stock Options, Activity |
A
summary of options activity during the six months ended June 30, 2019 is presented below:
| |
|
|
|
|
Weighted |
|
|
Weighted |
|
|
|
|
| |
|
|
|
|
Average |
|
|
Average |
|
|
|
|
| |
|
Number
of |
|
|
Exercise |
|
|
Remaining |
|
|
Intrinsic |
|
| |
|
Options |
|
|
Price |
|
|
Term
(Yrs) |
|
|
Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding,
December 31, 2018 |
|
|
9,499,265 |
|
|
|
1.65 |
|
|
|
|
|
|
|
|
|
| Granted |
|
|
1,350,000 |
|
|
|
0.39 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
| Expired |
|
|
(75,000 |
) |
|
|
1.10 |
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
(3,364,890 |
) |
|
|
2.24 |
|
|
|
|
|
|
|
|
|
| Outstanding,
June 30, 2019 |
|
|
7,409,375 |
|
|
$ |
1.16 |
|
|
|
3.0 |
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable,
June 30, 2019 |
|
|
2,849,136 |
|
|
$ |
1.93 |
|
|
|
1.5 |
|
|
|
|
|
|
| Schedule of Share-based Compensation, Shares Outstanding Under Stock Option Plans, by Exercise Price Range |
The
following table presents information related to stock options at June 30, 2019:
| Options Outstanding |
|
|
Options Exercisable |
|
| Exercise Price |
|
|
Outstanding
Number of Options |
|
|
Weighted Average Remaining Life
in Years |
|
|
Exercisable
Number of Options |
|
| $ |
0.39 |
|
|
|
1,350,000 |
|
|
|
- |
|
|
|
- |
|
| $ |
0.54 |
|
|
|
1,500,000 |
|
|
|
- |
|
|
|
- |
|
| $ |
0.77 |
|
|
|
1,320,000 |
|
|
|
3.63 |
|
|
|
412,501 |
|
| $ |
1.10 |
|
|
|
1,070,000 |
|
|
|
3.38 |
|
|
|
401,260 |
|
| $ |
2.20 |
|
|
|
1,242,000 |
|
|
|
1.08 |
|
|
|
1,117,000 |
|
| $ |
2.48 |
|
|
|
917,375 |
|
|
|
0.16 |
|
|
|
908,375 |
|
| $ |
3.30 |
|
|
|
10,000 |
|
|
|
0.94 |
|
|
|
10,000 |
|
| |
|
|
|
|
7,409,375 |
|
|
|
1.48 |
|
|
|
2,849,136 |
|
|