STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS
|6 Months Ended|
Jun. 30, 2018
|Disclosure of Compensation Related Costs, Share-based Payments [Abstract]|
|STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS||
NOTE 8 — STOCK OPTIONS, WARRANTS AND RESTRICTED STOCK UNITS
The following table presents information related to stock options at June 30, 2018:
Transactions involving stock options issued are summarized as follows:
The aggregate intrinsic value of all outstanding options of $0 represents the total pretax intrinsic value, based on options with an exercise price less than the Company’s stock price of $1.26 as of June 30, 2018, which would have been received by the option holders had those option holders exercised their options as of that date.
Restricted Stock Units (“RSU”)
Transactions involving restricted stock units issued are summarized as follows:
During the six months ended June 30, 2018, the Company granted 352,477 performance-based, restricted stock units vesting up to five years depending on the grant. The estimated fair value of the granted restricted stock units of $385,500 is being recognized over the vesting periods.
As of June 30, 2018, stock-based compensation related to restricted stock awards of $741,903 remains unamortized and is expected to be amortized over the weighted average remaining period of 3.37 years.
The Company previously issued 1,875,000 warrants in 2011, which will expire on December 23, 2018. As of June 30, 2018, the aggregate intrinsic value of all warrants outstanding and exercisable was zero.
The entire disclosure for compensation-related costs for equity-based compensation, which may include disclosure of policies, compensation plan details, allocation of equity compensation, incentive distributions, equity-based arrangements to obtain goods and services, deferred compensation arrangements, employee stock ownership plan details and employee stock purchase plan details.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef