|6 Months Ended|
Jun. 30, 2017
|Disclosure of Compensation Related Costs, Share-based Payments [Abstract]|
NOTE 9 – STOCK OPTIONS
Total stock-based compensation expense recognized for stock options issued using the straight-line method in the statement of operations for the six months ended June 30, 2017 and 2016 was as follows:
The following table summarizes stock option activity for the six months ended June 30, 2017:
As of June 30, 2017, there was approximately $158,000 of total unrecognized compensation cost related to non-vested stock options which vest which vest over time, and is estimated to be recognized $66,000 in 2017, $68,000 in 2018, $12,000 in 2019 and $12,000 in 2020.
During the six months ended June 30, 2017, we issued options to purchase 4,670 shares of common stock to non-employee directors. Additionally, we issued options to purchase 95,910 shares of common stock to employees. During the six months ended June 30, 2016, we issued options to purchase 3,533 shares of common stock to non-employee directors. Additionally, we issued options to purchase 10,167 shares of common stock to consultants and advisors. The weighted-average fair value of the options granted during 2017 and 2016 was estimated at $0.59 and $2.10 per share, respectively, on the date of grant. During the six months ended June 30, 2017 and 2016, no options were exercised.
The following table summarizes weighted-average assumptions using the Black-Scholes option-pricing model used on the date of the grants issued during the six months ended June 30, 2017 and 2016:
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://www.xbrl.org/2003/role/presentationRef