Annual report pursuant to Section 13 and 15(d)

Warrants (Tables)

v3.19.1
Warrants (Tables)
12 Months Ended
Dec. 31, 2018
Assumptions Used in the Black-Scholes Model
The assumptions used in the Black-Scholes model for these warrants are as follows:
  
Average risk-free interest rate
 
 
1.59
%
Expected dividend yield
 
 
%
Expected life
 
 
3 years
 
Expected volatility
 
 
65
%
Share Based Compensation Warrant Activity
A summary of the Company’s warrant activity and related information is as follows:
  
 
 
2018
 
 
2017
 
 
 
Warrants
 
 
Weighted

Average

Exercise

Price
 
 
Warrants
 
 
Weighted

Average

Exercise

Price
 
Outstanding at January 1
 
 
7,481,079
 
 
$
2.79
 
 
 
1,398,653
 
 
$
4.57
 
Granted
 
 
 
 
$
 
 
 
6,166,426
 
 
$
2.43
 
Exercised
 
 
 
 
$
 
 
 
 
 
$
 
Forfeited/Expired
 
 
(345,001
)
 
$
6.25
 
 
 
(84,000
)
 
$
6.25
 
Outstanding at December 31
 
 
7,136,078
 
 
$
2.62
 
 
 
7,481,079
 
 
$
2.79