• Filing Date: 2018-04-17
  • Form Type: 10-K
  • Description: Annual report
v3.8.0.1
8. OPTIONS AND WARRANTS
12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
OPTIONS AND WARRANTS

The Company’s results for the years ended December 31, 2017 and 2016 include employee share-based compensation expense totaling $595,692 and $683,036, respectively. Such amounts have been included in the Statements of Operations within selling, general and administrative expenses. No income tax benefit has been recognized in the statement of operations for share-based compensation arrangements due to a history of operating losses.

 

The following table summarizes stock-based compensation expense for the years ended December 31, 2017 and 2016:

 

   Years Ended December 31, 
   2017   2016 
Employee stock-based compensation - option grants  $473,192   $603,536 
Employee stock-based compensation-stock grants        
Non-Employee stock-based compensation - option grants   11,500    79,500 
Non-Employee stock-based compensation-stock grants    –     
Non-Employee stock-based compensation-stock warrant   111,000     
   $595,692   $683,036