Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.8.0.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of unvested common stock options
The following table summarizes information related to our common stock options:
 
Number
of Stock
Options
 
Weighted
Average
Exercise Price
 
Weighted Average Remaining Contractual Term
(in years)
 
Aggregate Intrinsic Value
Options outstanding at January 1, 2017
2,057,950

 
$
1.42

 
 
 
 
Granted
479,990

 
2.32

 
 
 
 
Exercised
(46,666
)
 
1.56

 
 
 
 
Canceled/Forfeited

 

 
 
 
 
Options outstanding at December 31, 2017
2,491,274

 
$
1.59

 
7.76
 
$
5,736,488

Options exercisable at December 31, 2017
1,327,068

 
$
1.37

 
7.24
 
$
3,340,061

Schedule of option valuation assumptions
Option valuation weighted-average assumptions were as follows:
 
For the year ended December 31,
 
2017
 
2016
Expected volatility
43.67%
 
43.87%
Expected dividend yield
—%
 
—%
Expected term (in years)
5.87
 
5.70
Weighted average risk free rate
2.00%
 
1.41%