Temporary Equity and Stockholders' Deficiency (Tables)
|
9 Months Ended |
Sep. 30, 2019 |
|---|
| Equity [Abstract] |
|
| Summary of Warrants Activity |
A summary of warrants activity
during the nine months ended September 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 |
|
|
(364,639 |
) |
|
|
2.12 |
|
|
|
|
|
|
|
|
|
| Expired |
|
|
(237,587 |
) |
|
|
2.30 |
|
|
|
|
|
|
|
|
|
| Outstanding, September 30, 2019 |
|
|
627,404 |
|
|
$ |
2.11 |
|
|
|
1.4 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, September 30, 2019 |
|
|
627,404 |
|
|
$ |
2.11 |
|
|
|
1.4 |
|
|
$ |
- |
|
|
| Schedule of Share-based Compensation, Equity Instruments Other Than Options, by Exercise Price Range |
A summary of outstanding
and exercisable warrants as of September 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 |
|
|
479,651 |
|
|
|
1.4 |
|
|
|
479,651 |
|
| $ |
2.30 |
|
|
Common Stock |
|
|
21,462 |
|
|
|
0.3 |
|
|
|
21,462 |
|
| $ |
2.50 |
|
|
Common Stock |
|
|
126,291 |
|
|
|
1.5 |
|
|
|
126,291 |
|
| |
|
|
|
Total |
|
|
627,404 |
|
|
|
|
|
|
|
627,404 |
|
|
| Schedule of Fair Value Assumptions of Stock Option |
The Company has computed
the fair value of options granted using the Black-Scholes option pricing model. Assumptions used in applying the Black-Scholes
option pricing model during the nine months ended September 30, 2019 are as follows:
| |
|
For the Nine Months Ended |
|
| |
|
September 30, |
|
| |
|
2019 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Risk free interest rate |
|
|
2.43 |
% |
|
|
2.56 - 2.96 |
% |
| Expected term (years) |
|
|
3.6 - 5.0 |
|
|
|
3.6 - 5.0 |
|
| Expected volatility |
|
|
52 |
% |
|
|
44 |
% |
| Expected dividends |
|
|
0.00 |
% |
|
|
0.00 |
% |
|
| Schedule of Share-based Compensation, Stock Options, Activity |
The following table represents activity related
to options for the purchase of GGH common stock during the nine months ended September 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 |
|
|
4,489,890 |
|
|
|
0.39 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
| Expired |
|
|
(992,375 |
) |
|
|
2.38 |
|
|
|
|
|
|
|
|
|
| Forfeited |
|
|
(3,364,890 |
) |
|
|
2.24 |
|
|
|
|
|
|
|
|
|
| Outstanding, September 30, 2019 |
|
|
9,631,890 |
|
|
$ |
0.78 |
|
|
|
3.8 |
|
|
$ |
426,540 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, September 30, 2019 |
|
|
2,465,142 |
|
|
$ |
1.46 |
|
|
|
2.6 |
|
|
$ |
- |
|
|
| Schedule of Share-based Compensation, Shares Outstanding Under Option Plans, by Exercise Price Range |
The following table presents
information related to options for the purchase of GGH common stock at September 30, 2019:
| Options Outstanding |
|
|
Options Exercisable |
|
| Exercise Price |
|
|
Outstanding Number of Options |
|
|
Weighted Average Remaining
Life in Years |
|
|
Exercisable Number of Options |
|
| |
|
|
|
|
|
|
|
|
|
|
| $ |
0.39 |
|
|
|
4,489,890 |
|
|
|
- |
|
|
|
- |
|
| $ |
0.54 |
|
|
|
1,500,000 |
|
|
|
4.0 |
|
|
|
375,000 |
|
| $ |
0.77 |
|
|
|
1,320,000 |
|
|
|
3.4 |
|
|
|
495,002 |
|
| $ |
1.10 |
|
|
|
1,070,000 |
|
|
|
3.1 |
|
|
|
468,140 |
|
| $ |
2.20 |
|
|
|
1,242,000 |
|
|
|
1.5 |
|
|
|
1,117,000 |
|
| $ |
3.30 |
|
|
|
10,000 |
|
|
|
0.7 |
|
|
|
10,000 |
|
| |
|
|
|
|
9,631,890 |
|
|
|
2.6 |
|
|
|
2,465,142 |
|
|