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]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
The fair value of the option grants was estimated on the date of grant using the Black-Scholes option pricing model that uses the assumptions noted in the following table.
 
 
 
2018
 
Weighted average fair value of option granted
 
$
1.82
 
Risk-free interest rate
 
 
2.2
%
Expected term in years
 
 
2.5
 
Volatility
 
 
50.0
%
Dividend rate
 
 
0.0
%
Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option award activity during 2018:
 
 
 
Shares
 
 
Weighted
Average
Exercise
Price
 
 
Remaining
Contractual
Life in
Years
 
 
Aggregate
Intrinsic Value
 
Balance, January 1, 2018
 
 
-
 
 
$
-
 
 
 
-
 
 
 
-
 
Granted
 
 
290,000
 
 
 
5.55
 
 
 
4.2
 
 
 
-
 
 Balance, December 31, 2018
 
 
290,000
 
 
$
5.55
 
 
 
4.2
 
 
 
-
 
Exercisable, December 31, 2018
 
 
166,667
 
 
$
5.32
 
 
 
4.1
 
 
 
-