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Stock Incentive Plans (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes stock option activity for the six months ended June 30, 2019:

 

   Options Outstanding 
   Shares   Weighted
Average
Exercise Price
 
Outstanding, December 31, 2018   5,613,057   $0.83 
Options granted   1,635,000    0.37 
Options expired / forfeited   (2,255,250)   1.03 
Outstanding, June 30, 2019   4,992,807    0.77 
Exercisable, June 30, 2019   2,186,414   $0.81 
Summary of Additional Information on Stock Options Outstanding

The following table summarizes additional information on stock options outstanding at June 30, 2019.

 

   Options Outstanding   Options Exercisable 
Range of
Exercise
Prices
  Number Outstanding   Weighted-
Average
Remaining Contractual Life (Years)
   Weighted Average Exercise Price   Number Exercisable   Weighted Average Exercise Price 
$0.28 - $1.00   4,352,000    8.85   $0.57    2,024,500   $0.66 
$1.50 - $1.80   493,207    8.18   $1.79    134,314   $1.78 
$2.60 - $10.70   147,600    2.79   $3.43    27,600   $7.27 
                          
Totals   4,992,807    8.60   $0.77    2,186,414   $0.81 

 

Weighted-Average Exercisable Remaining Contractual Life (Years) 8.06