8. Common Stock (Tables)

12 Months Ended

Dec. 31, 2017

Common Stock Tables

Employee stock options outstanding

# Common Shares Issuable		Exercise Price
	46,500	$	.58
	155,000		.58
	1,400,000		.58
	31,000		.58
	143,667		.58
	227,500		1.00
	257,500		1.00
	317,500		1.00
	312,500		.53
	35,000		.50
	408,000		.51

Assumptions for grants

Expected volatility	20%
Expected dividend yield	None
Expected term (in years)	3
Risk-free interest rate	1.4% to 2.38%

Options outstanding

Balance of employee stock options outstanding as of 12/31/14	3,435,000
Stock options granted during the year ended 12/31/15	410,000
Stock options exercised during the year ended 12/31/15	(877,333	)
Stock options forfeited during the year ended 12/31/15	(310,000	)
Balance of employee stock options outstanding as of 12/31/15	2,657,667
Stock options granted during the year ended 12/31/16	395,000
Stock options exercised during the year ended 12/31/16	(20,000	)
Stock options forfeited during the year ended 12/31/16	(75,000	)
Balance of employee stock options outstanding as of 12/31/16	2,957,667
Stock options granted during the year ended 12/31/17	410,500
Stock options exercised during the year ended 12/31/17	0
Stock options forfeited during the year ended 12/31/17	(34,000	)
Balance of employee stock options outstanding as of 12/31/17	3,334,167

Number of non-vested options outstanding

Balance of employee non-vested stock options outstanding as of 12/31/14	1,031,500
Stock options granted during the year ended 12/31/15	410,000
Stock options vested during the year ended 12/31/15	(380,999	)
Stock options forfeited during the year ended 12/31/15	(330,000	)
Balance of employee non-vested stock options outstanding as of 12/31/15	730,501
Stock options granted during the year ended 12/31/16	395,000
Stock options vested during the year ended 12/31/16	(258,833	)
Stock options forfeited during the year ended 12/31/16	(75,000	)
Balance of employee non-vested stock options outstanding as of 12/31/16	791,668
Stock options granted during the year ended 12/31/17	410,500
Stock options vested during the year ended 12/31/17	(418,333	)
Stock options forfeited during the year ended 12/31/17	(34,000	)
Balance of employee non-vested stock options outstanding as of 12/31/17	749,835