XML 45 R35.htm IDEA: XBRL DOCUMENT

Equity (Tables)

6 Months Ended

Jun. 30, 2018

Schedule of status of the restricted stock grants issued under the Equity Plan


		Weighted
		Average Grant
		Date Fair
	Number of	Value Per
Restricted Stock Grants	Shares	Share
Outstanding at December 31, 2017	203,334	$	0.55
Granted during the period	180,000		0.41
Restrictions lifted during the period	(60,000)		0.41
Forfeited during the period	—		—
Outstanding June 30, 2018	323,334	$	0.50

Schedule of status of the stock option grants issued under the Equity Plan


		Weighted
		Average
		Exercise
	Number of	Price Per
Equity Plan Options	Shares	Share
Outstanding at December 31, 2017	40,310	$	8.05
Granted during the period	—		—
Forfeited or expired during period	(10,000)	$	8.00
Exercised during period	—		—
Outstanding June 30, 2018	30,310	$	8.06
Exercisable at end of period	30,310	$	8.06
Granted and vested	30,310	$	8.06

Schedule of restricted stock units


		Weighted
		Average Grant
		Date Fair
	Number of	Value Per
Restricted Stock Units	Shares	Share
Outstanding at December 31, 2017	1,887,317	$	1.16
Granted during the period	600,000		0.42
Restrictions lifted during the period	(257,279)		1.44
Forfeited during the period	—		—
Outstanding at June 30, 2018	2,230,038	$	0.93

Summary of the status of the Company's common stock warrants


		Weighted
	Number of	Average Exercise
	Underlying	Price Per
Common Stock Warrants	Shares	Share
Outstanding at December 31, 2017	11,478,172	$	0.81
Granted during period	—		—
Dilution adjustment	39,524		0.87
Expired during period	—		—
Exercised during period	—
Outstanding at June 30, 2018	11,517,696	$	0.81

- Definition

Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

+ References + Details