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Stock Plans, Share-Based Payments and Warrants (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2019
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]    
Summary of Option Activity  

The following table summarizes the option activity for the years ended December 31, 2018 and 2017:

 

    Shares     Weighted
Average
Exercise
Price
 
Outstanding at December 31, 2016     4,592,347       0.60  
Options granted     2,311,542       0.44  
Options forfeited or expired     (133,112 )     0.77  
Outstanding at December 31, 2017     6,770,777     $ 0.55  
Options granted     1,143,034       0.62  
Options forfeited or expired     (379,250 )     0.46  
Options exercised     (100,000 )     0.30  
Outstanding at December 31, 2018     7,434,561     $ 0.56

Summary of Options Exercisable Vested and Expected to Vest  

The following table summarizes the options exercisable and vested and expected to vest as of December 31, 2018 and 2017:

 

    Shares     Weighted
Average
Exercise
Price
 
Exercisable at December 31, 2017     2,271,527     $ 0.65  
Vested and expected to vest at December 31, 2017     6,509,821     $ 0.55  
Exercisable at December 31, 2018     3,221,236     $ 0.61  
Vested and expected to vest at December 31, 2018     7,190,188     $ 0.57

Schedule of Fair Value Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. The below assumptions for the risk-free interest rates, expected dividend yield, expected lives and expected stock price volatility were utilized for the stock options granted during the three months ended March 31, 2019.

 

Assumptions for Option Grants      
Stock Price Volatility     92.1 %
Risk-Free Interest Rates     2.47 %
Expected Life (in years)     5.75  
Expected Dividend Yield     - %

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model with the below assumptions for the risk-free interest rates, expected dividend yield, expected lives and expected stock price volatility.

 

    Option Pricing Assumptions  
Grant Year   2018     2017  
Stock Price Volatility     92,42 %     104.56 %
Risk-Free Interest Rates     2.71 %     2.19 %
Expected Life (in years)     6.15       6.11  
Expected Dividend Yield     0 %     0 %

Summary of Restricted Stock Activity  

The following table summarizes restricted stock activity for the years ended December 31, 2018 and 2017:

 

    Shares     Weighted
Average
Grant Date
Fair Value
 
Nonvested at December 31, 2016     957,336     $ 0.35  
Granted     817,144       0.50  
Vested     (975,093 )     0.35  
Nonvested at December 31, 2017     799,387       0.50  
Granted     449,043       0.62  
Vested     (753,528 )     0.50  
Forfeited     (45,859 )     0.50  
Nonvested at December 31, 2018     449,043     $ 0.62