Share-based Payment Arrangement [Text Block] | NOTE 12: Stock Option and Incentive Plan On September 28, 2010, 2010 “2010 may 2010 September 2020. No may 2010 10 5,556 2010 May 18, 2016, 11,111 2010 May 9, 2018, 125,000 2010 April 12, 2018, 500,000 2010 May 16, 2019 3,600,000 The following table presents the automatic additions to the 2010 2010 January 1, Number of 2012 2,502 2013 2,871 2014 4,128 2015 5,463 2016 7,257 2017 12,623 2018 106,076 2019 233,862 Total additional shares 374,782 The Company granted options to purchase 3,565,000 three six June 30, 2019 611,688 three six June 30, 2018, No three six June 30, 2019 2018. 271,430 2010 June 30, 2019. Compensation costs associated with the Company’s stock options are recognized, based on the grant-date fair values of these options, over the requisite service period, or vesting period. Accordingly, the Company recognized stock-based compensation expense of $5,318,796 $5,594,629 three six June 30, 2019, $179,050 $394,189 three six June 30, 2018 Three Months Ended June 30, Six Months Ended June 30, 2019 2018 2019 2018 General and administrative $ 3,401,653 $ 137,631 $ 3,626,329 $ 306,424 Research and development 1,917,143 41,419 1,968,300 87,765 Total stock compensation expense $ 5,318,796 $ 179,050 $ 5,594,629 $ 394,189 The fair value of the stock options granted for the six June 30, 2019 2018 Period ended June 30, 2019 2018 Risk free interest rate 2.16%-2.20 % 2.47%-2.71 % Expected term 5.00-5.94 years 5.24-5.57 years Dividend yield - - Expected volatility 107%-126% 109%-126% Options issued and outstanding as of June 30, 2019, 2010 six Number of Weighted- Weighted- Aggregate Outstanding as of January 1, 2019 783,383 $ 12.14 - $ - Granted 3,565,000 1.51 - 3,667,300 Forfeited - - - - Expired - - - - Outstanding as of June 30, 2019 4,348,383 3.43 9.54 $ 3,806,650 Exercisable as of June 30, 2019 2,876,409 4.14 9.56 $ 2,841,125 Vested and expected to vest 4,348,383 $ 3.43 9.54 $ 3,806,650 At June 30, 2019, 1,471,974 $3,148,286. 1.15 2018 On June 27, 2018, 2,300,000 700,000 2010 2010 January 13, 2019, The Liability Options were exercisable for shares of common stock at an exercise price of $2.38 ten not not The Liability Options were subject to vesting requirements. Twenty- five 50% two 25% January 13, 2019, January 13, 2019, 1,125,000 Compensation costs associated with the Liability Options were initially recognized, based on the grant-date fair values of these options, over the requisite or vesting period for time-based options or when it is probable the performance criteria were achieved for options that vest based on performance. Compensation cost was remeasured each period based on the market value of our underlying stock until award vesting or settlement. At the time of cancellation, the fair value of Liability Options at January 13, 2019, January 13, 2019 Risk free interest rate 2.53 % Expected term (in years) 4.50-5.00 Stock price $ 1.36 Dividend yield - Expected volatility 121.0-123.0 % As a result of the cancellation of these options in the first 2019, $1,741,919, three March 31, 2019 six June 30, 2019: General and administrative $ 1,074,183 Research and development 667,736 Total stock compensation expense $ 1,741,919 Also on January 13, 2019, 2,300,000 800,000 “2019 2019 $1.36 not 2010 January 13, 2019, 2019 2010 2019 not 2010 2018 2019 not 2019 The above actions were unanimously approved by the disinterested members of the Board of Directors. The above actions were intended to eliminate the Company’s potential liability associated with the net cash exercise provision of the Liability Options, and to allow the stockholders of the Company the opportunity to vote on the Amended Plan, which includes shares issuable upon exercise of the 2019 May 16, 2019, 2019 Accounting Treatment Awards offered under a plan that are subject to shareholder approval are not may not 2019 2019 not 718. not no January 13, 2019, $1,741,919 2018 $3,151,944 May 16, 2019, 2019 2019 718 June 30, 2019. $4,959,277 second 2019 2019 |