• Filing Date: 2018-08-09
  • Form Type: 10-Q
  • Description: Quarterly report
v3.10.0.1
5. STOCK-BASED COMPENSATION
6 Months Ended
Jun. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
STOCK-BASED COMPENSATION

NOTE 5: STOCK-BASED COMPENSATION

 

Compensation costs related to share-based payment transactions, including employee stock options, are recognized in the financial statements utilizing the straight-line method for the cost of these awards.

 

The Company's results for the three-month period ended June 30, 2018 and 2017 include employee share-based compensation expense totaling $0.00 and $152,266, respectively. The Company's results for the six-month period ended June 30, 2018 and 2017 include employee share-based compensation expense totaling $327,405 and $425,358, respectively. Such amounts have been included in the Condensed Consolidated 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.

 

    Three Months Ended
June 30,
  Six Months Ended
June 30,
    2018   2017   2018   2017
Employee stock-based compensation - option grants   $ —       $ 152,266     $ 273,945     $ 302,858  
Employee stock-based compensation - stock grants     —         —         —         11,500  
Non-Employee stock-based compensation - option grants     —         —         53,460       —    
Non-Employee stock-based compensation - stock grants     —         —         —         —    
Non-Employee stock-based compensation-stock warrant     —         —         —         111,000  
Total   $ —       $ 152,266     $ 327,405     $ 425,358