Share-Based compensation (Tables)

12 Months Ended

Dec. 31, 2019

Share-Based Compensation

Schedule of weighted-average assumptions used in determining fair value of share based awards

The Company determines the fair value of share based awards at the grant date by using the Black-Scholes option-pricing model, and has utilized the “simplified” method, as prescribed by the SEC’s Staff Accounting Bulletin (“SAB”) No.110, Share-Based Payment, to compute expected lives of share based awards with the following weighted-average assumptions:

Years ended
December 31,	2019		2018
Assumptions
Dividend yield	0	%	0	%
Risk free interest rate	1.43%-2.47	%	2.51%‑2.86	%
Expected volatility	65%-76	%	43%‑65	%
Expected lives	3-5 years		3 years

Schedule of company's stock option plan

A summary of the activity for the Company’s Plans for the indicated periods is presented below:

		Weighted
		Average
Stock Option Plan Totals	Shares	Exercise Price
Outstanding at December 31, 2017	3,069,440	$	4.28
-Cancelled	(2,523,243)	$	4.92
-Exercised	(5,000)	$	3.43
-Granted	3,874,200	$	1.19
Outstanding at December 31, 2018	4,415,397	$	1.20
-Cancelled	(527,820)	$	1.23
-Exercised	(10,000)	$	0.89
-Granted	3,164,800	$	0.79
Outstanding at December 31, 2019	7,042,377	$	1.01

Schedule of weighted average contractual life and exercise price

The following is the weighted average contractual life in years and the weighted average exercise price at December 31, 2019 and 2018 of:

		Weighted
		Average
		Remaining	Weighted
	Number of	Contractual	Average
2019	Options	Life	Exercise Price
Options outstanding	7,042,377	5.0 years	$	1.01
Options vested	5,922,377	4.0 years	$	1.06
Options unvested	1,120,000	10.0 years	$	0.75

		Weighted
		Average
		Remaining	Weighted
	Number of	Contractual	Average
2018	Options	Life	Exercise Price
Options outstanding	4,415,397	2.7 years	$	1.20
Options vested	2,258,338	2.6 years	$	1.29
Options unvested	2,157,059	2.9 years	$	1.10

Schedule of intrinsic value

The intrinsic values of options vested and exercised during the years ended 2019 and 2018 were as follows:

	2019		2018
Intrinsic value of options vested	$	436,000	$	0
Intrinsic value of options exercised	$	11,100	$	13,950