Quarterly report pursuant to Section 13 or 15(d)

Stock Based Compensation

v3.19.1
Stock Based Compensation
3 Months Ended
Mar. 31, 2019
Notes to Financial Statements  
Note 12 - Stock Based Compensation

The Company accounts for stock-based compensation awards in accordance with the provisions of ASC 718, which addresses the accounting for employee stock options which requires that the cost of all employee stock options, as well as other equity-based compensation arrangements, be reflected in the consolidated financial statements over the vesting period based on the estimated fair value of the awards.

 

A summary of stock option activity for the quarter ended March 31, 2019 is presented below:

 

   

Number

of

Shares

   

Weighted

Average

Exercise

Price

   

Weighted Average Remaining Contractual

Life (years)

   

Aggregate

Intrinsic

Value

 
                         
December 31, 2018     9,161,510       1.15       2.0       -  
Expirations     (635,000 )     -       -       -  
March 31, 2019     8,526,510       1.19       1.9       -  
                                 
Options exercisable at:                                
March 31, 2019     8,526,510       1.19       1.9