General form of registration statement for all companies including face-amount certificate companies

Stock Option Plan (Tables)

v3.19.3.a.u2
Stock Option Plan (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2019
Dec. 31, 2018
Share-based Payment Arrangement [Abstract]    
Stock option activity
        Options Outstanding
    Options Available   Number of Options   Weighted-Average Exercise Price
Balances at January 1, 2018   941,408   658,592    $ 0.94
Granted(1)   (487,304)    487,304   6.00
Forfeited(2)     40,000     (40,000)     6.00
Exercised     —     —     —
Balances at December 31, 2018       494,104   1,105,896             2.99
Granted       —  
Forfeited     —     —     —
Exercised     —     —     —
Balances at September 30, 2019   494,104     1,105,896             2.99

 

              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   Number of Shares subject to Options Outstanding   Weighted Average Remaining Contractual Term   Number of Shares Subject to Options Fully Vested and Exercisable   Weighted Average Remaining Contractual Term
$0.001     555,520    7.0 years     457,940    6.9 years
6.00     550,376    8.8 years   232,341   8.7 years
      1,105,896         690,281    

 

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