Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity and Stock Compensation (Tables)

v3.10.0.1
Stockholders' Equity and Stock Compensation (Tables)
12 Months Ended
Dec. 31, 2017
Equity [Abstract]  
Schedule of Stock Options and Warrants Fair Value

Presented below is a summary of the terms of the grant of options and Warrants:

 

    Year Ended December 31,  
    2017     2016     2015  
Number of options granted     625,000       -       -  
Number of Warrants granted     -       -       51,000  
Vesting period     3-4 years       -        none  
Maximum term of option or Warrants from date of grant      7 years       -        3 years  
Weighted average exercise price per share   $ 2.01       -     $ 1.35  
Weighted average fair value per share of options and                        
Warrants granted during the year   $ 0.76       -     $ 0.26  

Summary of Assumptions Used In Determining Fair Value of Stock Options and Warrants

Presented below is a summary of assumptions used in determining the fair value of the stock options and Warrants at the date of grant:

 

    Year Ended December 31,  
    2017     2016     2015  
Expected option or Warrant life     4.5 - 4.75 years       -        3 years  
Weighted average risk free rate     1.62% - 1.81 %     -       0.88 %
Dividend yield     0 %     -       0 %
Expected volatility     38.59% - 44.51 %     -       26.42 %

Schedule of Stock Options Granted

A summary of the status of our stock options granted pursuant the 2010 Plan as of December 31, 2017, 2016 and 2015 and changes during the years then ended is presented below (in thousands, except per share data):

 

    Year Ended December 31,  
    2017     2016     2015  
          Weighted
Average
          Weighted
Average
          Weighted
Average
 
    Shares     Exercise
Price
    Shares     Exercise
Price
    Shares     Exercise
Price
 
Options outstanding - beginning of year     1,699     $ 1.20       1,713     $ 1.21       1,740     $ 1.40  
Granted     625       2.01       -               -       -  
Exercised     (1,332 )     1.11                       -       -  
Cancelled     (13 )     1.00       (14 )     1.44       (27 )     13.50  
Options outstanding - end of year     979     $ 1.81       1,699     $ 1.20       1,713     $ 1.21  
                                                 
Options granted and subject to future vesting     618     $ 2.01       -     $ -       4     $ 1.48  
                                                 
Exercisable, at end of year     361               1,699               1,709          
Available for grant     121               734               20          

Summarizes Information About Stock Options Outstanding and Stock Options Exercisable

The following table summarizes information about stock options outstanding and stock options exercisable at December 31, 2017 (in thousands, except remaining life and per share data):

 

    Options Outstanding and Exercisable  
Range of
Exercise Prices
  Number Outstanding     Weighted Average Remaining Contractual Life     Weighted Average Exercise Price Per Share  
$1.17 - $1.36     90       1.13     $ 1.20  
$1.36 - $1.65     265       2.23     $ 1.57  
$2.00 - $2.15     6       6.75     $ 2.15  
Total     361             $ 1.49