Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.8.0.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes the RSU and restricted stock transactions related to the common stock under the Incentive Plan for the years ended December 31, 2017 and 2016:

 

Outstanding and unvested at January 1, 2016     386,733  
Granted     568,200  
Vested     (513,271 )
Forfeited     (34,703 )
Outstanding and unvested at January 1, 2017     406,959  
Granted     555,500  
Vested     (327,159 )
Forfeited     (29,331 )
Outstanding and unvested at December 31, 2017     605,969  

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes the share activity during the years ended December 31, 2017 and 2016 and the amount of shares available for grant at December 31, 2017:

 

    Shares  
Shares available for grant at January 1, 2016     770,900  
RSUs issued     (123,200 )
Restricted stock issued     (445,000 )
RSUs forfeited     34,703  
Shares available for grant at December 31, 2016     237,403  
Additional shares available for grant     1,500,000  
RSUs issued     (555,500 )
RSUs forfeited     29,331  
Shares available for grant at December 31, 2017     1,211,234  

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

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

 

Stock-based compensation included in the Consolidated   Years Ended December 31,  
Statement of Operations:   2017     2016  
Direct operating costs   $ 9,849     $ 11,298  
General and administrative     1,419,068       1,838,811  
Research and development     8,378       8,238  
Selling and marketing     50,000       19,468  
Total stock-based compensation expense   $ 1,487,295     $ 1,877,815