Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.10.0.1
Summary of Significant Accounting Policies (Tables)
9 Months Ended
Sep. 30, 2018
Earnings Per Share [Abstract]  
Summary of Anti-dilutive Stock Based Compensation Awards

The anti-dilutive stock based compensation awards consisted of:

 

As of September 30,

 

2018

2017

Stock Options

19,800

26,700

Stock Warrants

160,000

120,000

 

Summary of Stock Option Plan Activity

 

The following is a summary of the stock option plan activity during the nine months ended September 30, 2018 and 2017:

 

 

 

2018

 

 

2017

 

 

 

Number of Options

 

 

Weighted Average Exercise Price

 

 

Number of Options

 

 

Weighted Average Exercise Price

 

Options Outstanding at Beginning of the year

 

 

11,290

 

 

$

111.10

 

 

 

26,700

 

 

$

110.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

10,000

 

 

 

10.00

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Adjustment

 

 

1,010

 

 

 

125.00

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(2,500

)

 

 

125.00

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding at End of Period

 

 

19,800

 

 

$

62.13

 

 

 

26,700

 

 

$

110.30

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Exercisable at End of Period

 

 

3,790

 

 

$

107.64

 

 

 

3,790

 

 

$

100.00