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)
6 Months Ended
Jun. 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 June 30,

 

2018

2017

Stock Options

198,004

267,004

Stock Warrants

1,600,000

1,200,000

 

Summary of Stock Option Plan Activity

 

The following is a summary of the stock option plan activity during the six months ended June 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

 

 

112,904

 

 

$

11.11

 

 

 

267,004

 

 

$

11.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

100,000

 

 

 

1.00

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Adjustment

 

 

10,100

 

 

 

12.50

 

 

 

-

 

 

 

-

 

Forfeited

 

 

(25,000

)

 

 

12.50

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Outstanding at End of Period

 

 

198,004

 

 

$

5.90

 

 

 

267,004

 

 

$

11.03

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options Exercisable at End of Period

 

 

37,904

 

 

$

10.00

 

 

 

37,904

 

 

$

10.00