Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.19.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2018
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions [Table Text Block] The fair value associated with the market award vesting was determined utilizing a binomial valuation methodology and the following assumptions:
 
 
 
December 31, 2017
Risk-free interest rate
 
1.81% - 2.38%
Exercise price
 
$5.73
Expected dividend yield
 
0%
Expected term in years
 
5.5 - 10.0
Expected volatility
 
77.30% - 96.65%
 
Share-based Compensation, Stock Options, Activity [Table Text Block]
The following table summarizes stock option activities for the year ended December 31, 2018 and 2017:
 
 
 
Stock Options
 
 
Weighted Average

Exercise Price
 
 
Weighted Average

Remaining

Contractual Life (in

years)
 
Outstanding at December 31, 2016
 
 
-
 
 
$
-
 
 
 
-
 
Options granted
 
 
1,241,675
 
 
 
5.73
 
 
 
9.31
 
Outstanding at December 31, 2017
 
 
1,241,675
 
 
 
5.73
 
 
 
9.31
 
Options granted
 
 
-
 
 
 
-
 
 
 
 
 
Outstanding at December 31, 2018
 
 
1,241,675
 
 
 
5.73
 
 
 
8.31
 
Options vested and exercisable at December 31, 2018
 
 
232,813
 
 
$
5.73
 
 
 
8.31
 
Share-based Compensation, Activity [Table Text Block]
The following table summarizes stock-based compensation expense for the years ended December 31, 2018 and 2017 (in thousands).
 
 
 
For the year ended December 31,
 
 
 
2018
 
 
2017
 
Employee
 
$
3,664
 
 
$
1,486
 
Non-employee
 
 
1,296
 
 
 
526
 
Total stock-based compensation expense
 
$
4,960
 
 
$
2,012
 
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award [Table Text Block]
A summary of warrant activities for years ended December 31, 2018 and 2017 is presented below:
 
 
 
Warrants
 
 
Weighted Average

Exercise Price
 
 
Weighted Average

Remaining

Contractual Life (in

years)
 
Outstanding as of December 31, 2016
 
 
2,243,664
 
 
$
7.98
 
 
 
5.16
 
Granted
 
 
3,013,770
 
 
 
8.50
 
 
 
4.09
 
Exercised
 
 
(4,116
)
 
 
-
 
 
 
-
 
Outstanding as of December 31, 2017
 
 
5,253,318
 
 
$
8.28
 
 
 
3.89
 
Granted
 
 
-
 
 
 
-
 
 
 
-
 
Exercised
 
 
(42,620
)
 
 
4.25
 
 
 
-
 
Outstanding as of December 31, 2018
 
 
5,210,698
 
 
$
8.32
 
 
 
3.10
 
Restricted Stock [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block] The following table summarizes restricted stock award activities for the year ended December 31, 2018 and 2017:
 
 
 
Number of Shares
 
 
Weighted Average

Grant Date Fair

Value
 
Nonvested at December 31, 2016
 
 
-
 
 
$
-
 
Granted
 
 
180,000
 
 
 
5.73
 
Nonvested at December 31, 2017
 
 
180,000
 
 
$
5.73
 
Granted
 
 
322,636
 
 
 
5.78
 
Nonvested at December 31, 2018
 
 
502,636
 
 
$
5.76
 
Restricted Stock Units (RSUs) [Member]  
Schedule of Nonvested Restricted Stock Units Activity [Table Text Block]
The following table summarizes restricted stock units activities for the year ended December 31, 2018 and 2017:
 
 
 
Number of Units
 
 
Weighted Average

Grant Date Fair

Value
 
Nonvested at December 31, 2016
 
 
-
 
 
$
-
 
Granted
 
 
134,000
 
 
 
6.53
 
Nonvested at December 31, 2017
 
 
134,000
 
 
$
6.53
 
Granted
 
 
1,072,000
 
 
 
8.16
 
Vested
 
 
(173,916
)
 
 
9.25
 
Nonvested at December 31, 2018
 
 
1,032,084
 
 
$
7.77