4. Stock Option Plan (Details Narrative) - USD ($) |
3 Months Ended | |
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Mar. 31, 2019 |
Mar. 31, 2018 |
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Employee and non-employee director stock-based compensation expense | $ 150,726 | $ 26,152 |
Stock-based compensation expense for non-employees | 20,709 | $ 48,627 |
Weighted average grant date fair | $ 3.20 | |
Fair value of shares vested | 500,000 | $ 100,000 |
Aggregate intrinsic value of outstanding stock options | 3,300,000 | |
Unamortized unvested balance of stock base compensation | $ 800,000 | |
Unamortized unvested balance of stock base compensation, period | 3 years 9 months | |
Minimum | ||
Expected term | 4 years 8 months 12 days | |
Volatility | 55.00% | |
Risk free interest rate | 1.20% | |
Dividends | 0.00% | |
Maximum | ||
Expected term | 6 years 2 months 12 days | |
Volatility | 85.00% | |
Risk free interest rate | 2.90% | |
Dividends | 0.00% | |
Research and Development Expenses | ||
Employee and non-employee director stock-based compensation expense | $ 62,341 | 39,748 |
Stock-based compensation expense for non-employees | $ 20,709 | $ 48,627 |
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- References No definition available.
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- Definition Weighted-average period over which cost not yet recognized is expected to be recognized for award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cost to be recognized for option under share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of noncash expense for share-based payment arrangement. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The estimated dividend rate (a percentage of the share price) to be paid (expected dividends) to holders of the underlying shares over the option's term. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The estimated measure of the percentage by which a share price is expected to fluctuate during a period. Volatility also may be defined as a probability-weighted measure of the dispersion of returns about the mean. The volatility of a share price is the standard deviation of the continuously compounded rates of return on the share over a specified period. That is the same as the standard deviation of the differences in the natural logarithms of the stock prices plus dividends, if any, over the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The risk-free interest rate assumption that is used in valuing an option on its own shares. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The weighted average grant-date fair value of options granted during the reporting period as calculated by applying the disclosed option pricing methodology. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount by which current fair value of underlying stock exceeds exercise price of fully vested and expected to vest options outstanding. Includes, but is not limited to, unvested options for which requisite service period has not been rendered but that are expected to vest based on achievement of performance condition, if forfeitures are recognized when they occur. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Expected term of award under share-based payment arrangement, in 'PnYnMnDTnHnMnS' format, for example, 'P1Y5M13D' represents reported fact of one year, five months, and thirteen days. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Fair value of options vested. Excludes equity instruments other than options, for example, but not limited to, share units, stock appreciation rights, restricted stock. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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