Stock based compensation, options and warrants (Tables)
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6 Months Ended |
Jun. 30, 2018 |
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| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] |
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| Schedule of Stock-Based Compensation |
The Company recognized total expenses for stock-based compensation during the three and six months ended June 30, 2018 and 2017, which are included in the accompanying condensed interim consolidated statements of operations, as follows:
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|
Three Months Ended June 30,
|
|
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Six Months Ended June 30,
|
|
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2018
|
|
|
2017
|
|
|
2018
|
|
|
2017
|
|
|
Selling, general and administrative expenses
|
|
$
|
1,608,086
|
|
|
$
|
138,011
|
|
|
$
|
2,492,029
|
|
|
$
|
271,054
|
|
|
Total stock-based compensation
|
|
$
|
1,608,086
|
|
|
$
|
138,011
|
|
|
$
|
2,492,029
|
|
|
$
|
271,054
|
|
|
| Schedule of Recognized Stock-based Compensation |
The Company recognized total stock-based compensation expense during the three and six months ended June 30, 2018 and 2017, from the following categories:
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Three Months Ended June 30,
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Six Months Ended June 30,
|
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2018
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|
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2017
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|
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2018
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|
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2017
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|
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Restricted stock awards under the Plan
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|
$
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1,432,593
|
|
|
$
|
57,745
|
|
|
$
|
2,199,542
|
|
|
$
|
88,176
|
|
|
Stock option awards under the Plan
|
|
|
175,493
|
|
|
|
31,452
|
|
|
|
292,487
|
|
|
|
95,258
|
|
|
Non-qualified stock option awards
|
|
|
-
|
|
|
|
48,814
|
|
|
|
-
|
|
|
|
87,620
|
|
|
Total stock-based compensation
|
|
$
|
1,608,086
|
|
|
$
|
138,011
|
|
|
$
|
2,492,029
|
|
|
$
|
271,054
|
|
|
| Summary of Stock Restricted Plan Activity |
A summary of the Company’s restricted stock activity in the six months ended June 30, 2018 is presented here:
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Number of Shares
|
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Weighted Average Grant-Date
Fair Value
|
|
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Unvested at January 1, 2018
|
|
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496,152
|
|
|
$
|
5.97
|
|
|
Granted
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|
335,000
|
|
|
|
12.29
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Vested
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(108,439
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)
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|
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9.36
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|
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Forfeited
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(26,563
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)
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|
|
10.58
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|
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Delivered
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|
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(124,583
|
)
|
|
|
5.42
|
|
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Unvested at June 30, 2018
|
|
|
571,567
|
|
|
$
|
8.78
|
|
|
| Summary of Stock Incentive Plan Activity |
A summary of activity under the Plan for the six months ended June 30, 2018 is presented below:
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Shares Underlying Options
|
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|
Weighted Average Exercise Price
|
|
|
Weighted Average Remaining Contractual
Term (Years)
|
|
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Aggregate Intrinsic Value
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Outstanding at January 1, 2018
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119,533
|
|
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$
|
9.02
|
|
|
|
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|
|
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Granted
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50,000
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|
|
|
18.50
|
|
|
|
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|
|
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Exercised
|
|
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(19,533
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)
|
|
|
4.02
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|
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|
|
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Forfeited
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|
-
|
|
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|
-
|
|
|
|
|
|
|
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Outstanding at June 30, 2018
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|
|
150,000
|
|
|
$
|
12.83
|
|
|
|
9.4
|
|
|
$
|
-
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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Exercisable at June 30, 2018
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120,834
|
|
|
$
|
11.47
|
|
|
|
9.4
|
|
|
$
|
-
|
|
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| Schedule of Nonqualified Award Activity |
Following is a summary of outstanding options and warrants that were issued outside of the Plan for the six months ended June 30, 2018:
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Shares Underlying Options/Warrants
|
|
|
Weighted Average Exercise Price
|
|
|
Weighted Average Remaining Contractual
Term (Years)
|
|
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Aggregate Intrinsic Value
|
|
|
Outstanding at December 31, 2017
|
|
|
1,944,895
|
|
|
$
|
35.06
|
|
|
|
2.7
|
|
|
$
|
6,135,000
|
|
|
Granted
|
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|
-
|
|
|
|
-
|
|
|
|
|
|
|
|
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Exercised
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(113,009
|
)
|
|
$
|
3.50
|
|
|
|
|
|
|
|
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Forfeited
|
|
|
(160,773
|
)
|
|
$
|
10.88
|
|
|
|
|
|
|
|
|
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Outstanding at June 30, 2018
|
|
|
1,671,113
|
|
|
$
|
39.47
|
|
|
|
2.5
|
|
|
$
|
56,800
|
|
| |
|
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|
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Exercisable at June 30, 2018
|
|
|
1,671,113
|
|
|
$
|
39.47
|
|
|
|
2.5
|
|
|
$
|
56,800
|
|
|