Annual report pursuant to Section 13 and 15(d)

4. Stock Option Plan (Tables)

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4. Stock Option Plan (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock option activity

 

              Options Outstanding          
      Options Available       Number of Options       Weighted-Average Exercise Price  
Balances at January 1, 2017     420,000       280,000     $ 0.001  
Board-approved increase in option pool(1)     900,000       —         —    
Granted (2)     (378,592 )     378,592       1.63  
Forfeited     —         —         —    
Exercised     —         —         —    
Balances at December 31, 2017     941,408       658,592       0.94  
Granted(3)     (487,304 )     487,304       6.00  
Forfeited(4)     40,000       (40,000 )     6.00  
Exercised     —         —         —    
Balances at December 31, 2018     494,104       1,105,896       2.99  

 

 

  

 
Summary of options outstanding

 

Exercise Prices       Numberof Shares Outstanding   Weighted Average Remaining Contractual Term   Number of Shares Fully Vested and Exercisable   Weighted Average Remaining Contractual Term
$ 0.001               555,520        7.7 years       406,280      7.6 years
$ 6.00               550,376        9.5 years       58,910      8.9 years
                1,105,896             465,190