Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.19.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2018
Equity [Abstract]  
Summary of Black-Scholes Option Pricing Model to Stock Options Granted Assumption

In applying the Black-Scholes option pricing model to options granted, the Company used the following assumptions:

 

    For the Years Ended  
    December 31,  
    2018     2017  
             
Risk free interest rate     2.75 %     N/A  
Expected term (years)     2.50       N/A  
Expected volatility     150.10 %     N/A  
Expected dividends     0.00 %     N/A  

Summary of Options Activity

A summary of the option activity during the year ended December 31, 2018 is presented below:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Shares     Price     In Years     Value  
Outstanding, January 1, 2018     107,901     $ 42.31                  
Granted     47,540       24.61                  
Exercised     -       -                  
Cancelled/forfeited/expired     (50,133 )     44.88                  
Outstanding, December 31, 2018     105,308     $ 33.10       2.9     $ -  
                                 
Exercisable, December 31, 2018     105,308     $ 33.10       2.9     $ -  

Schedule of Stock Options

The following table presents information related to stock options at December 31, 2018:

 

      Options Outstanding     Options Exercisable  
      Weighted           Weighted        
Range of     Average     Outstanding     Average     Exercisable  
Exercise     Exercise     Number of     Remaining Life     Number of  
Price     Price     Options     In Years     Options  
                           
  $2.17 - $13.50     $ 5.54       17,400       4.7       17,400  
  $15.50 - $47.50       31.78       56,608       3.4       56,608  
  $50.00- $78.00       50.81       31,300       0.9       31,300  
                  105,308       2.9       105,308  

Schedule of Warrant Activity

The following table accounts for the Company’s warrant activity for the year ended December 31, 2018:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Shares     Price     In Years     Value  
Outstanding, January 1, 2018     275,332     $ 43.15                  
Issued     10,795,848       4.25                  
Exercised     (4,033,660 )     4.25                  
Cancelled/forfeited/expired     (200,459 )     44.29                  
Outstanding, December 31, 2018     6,837,061     $ 4.64       4.2     $ -  
                                 
Exercisable, December 31, 2018     6,837,061     $ 4.64       4.2     $ -  

Schedule of Stock Warrants

The following table presents information related to stock warrants at December 31, 2018:

 

      Warrants Outstanding     Warrants Exercisable  
      Weighted           Weighted        
Range of     Average     Outstanding     Average     Exercisable  
Exercise     Exercise     Number of     Remaining Life     Number of  
Price     Price     Warrants     In Years     Warrants  
                           
  $4.25 - $75.00     $ 4.61       6,834,528       4.2       6,834,528  
  $100.00 - $150.00       100.26       2,533       3.6       2,533  
                  6,837,061       4.2       6,837,061