Annual report pursuant to Section 13 and 15(d)

Stock-Based Awards (Tables)

v3.20.2
Stock-Based Awards (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Fair Value Assumptions of Options

The fair value of the options granted during the years ended December 31, 2019 and 2018 was determined using the following assumptions:

 

    For the year ended December 31,  
    2019*     2018  
Stock option assumptions:                
Risk-free interest rate     — %     2.41 %
Expected life (years)     —       10  
Expected volatility     — %     328 %
Expected dividends     0 %     0 %

 

*No options were issued during the year ended December 31, 2019.
Schedule of Stock Option Award Activity

The following tables provide information about outstanding options for the years ended December 31, 2019 and 2018:

 

    Stock Options  
    Shares     Weighted
Average
Exercise
Price		     Weighted
Average
Remaining
Contractual
Life(In years)		    

Intrinsic
Value

(In thousands)

  
Outstanding as of December 31, 2017     94,666       16.55       9.57       64  
Granted     250,000       15.84       —       —  
Options exercised     —       —       —       —  
Forfeited     (2,573 )     8.75       —       —  
Outstanding as of December 31, 2018     342,093       15.79       9.17       —  
Granted     —       —       —       —  
Options exercised     —       —       —       —  
Forfeited     (1,705 )     8.75       —       —  
Outstanding as of December 31, 2019     340,388       15.82       8.17       —  
                                 
Exercisable options as of December 31, 2019     188,816     $ 15.96       8.12       —  
Schedule of Warrants Outstanding

All warrants outstanding as of December 31, 2019 were exercisable. The following table shows exercise prices and expiration dates for warrants outstanding as of December 31, 2019:

 

Issued to   Amount     Issue Date   Expiration Date   Exercise Price  
Investment Bank     97     10/31/2014   10/31/2021   $ 5.00  
Equity Investors     60     9/1/2016   9/1/2021   $ 10.00  
Equity Investors     6     3/29/2017   3/29/2022   $ 10.00  
Equity Investors     99     9/8/2016   9/8/2021   $ 20.00  
Equity Investors     97     9/29/2016   9/29/2021   $ 20.00  
Equity Investors     104     10/12/2016   10/12/2021   $ 20.00  
Term Note Lender (1)     94     9/30/2016   9/30/2021   $ 20.00  
Term Note Lender (1)     100     11/11/2016   11/11/2021   $ 10.00  
Term Note Lender (1)     150     12/23/2016   12/23/2021   $ 10.00  
Convertible Note Holder (1)     5     1/17/2017   1/17/2020   $ 62.50  
Convertible Note Holder (1)     5     1/18/2017   1/18/2020   $ 62.50  
Convertible Note Holder (1)     4     2/17/2017   2/17/2020   $ 62.50  
Convertible Note Holder (5)     4     2/17/2017   2/17/2020   $ 62.50  
Convertible Note Holder (1)     5     2/23/2017   2/23/2020   $ 62.50  
Term Note Lender (1)     150     3/28/2017   3/28/2022   $ 10.00  
Convertible Note Holder (1)     5     5/19/2017   5/19/2020   $ 62.50  
Convertible Note Holder (1)     4     5/17/2017   5/17/2020   $ 62.50  
Convertible Note Holder (1)     4     5/17/2017   5/17/2020   $ 62.50  
Convertible Note Holder (1)     125     6/1/2017   6/30/2022   $ 25.00  
Convertible Note Holder (1)     160     6/2/2017   6/30/2020   $ 62.50  
Convertible Note Holder (1)     483     6/8/2017   6/30/2020   $ 62.50  
Convertible Note Holder (1)     2     6/21/2017   6/21/2020   $ 62.50  
Convertible Note Holder (1)     3     6/21/2017   6/21/2020   $ 62.50  
Convertible Note Holder (1)     3     6/21/2017   6/21/2020   $ 62.50  
Convertible Note Holder (1)     11     8/2/2017   8/2/2020   $ 62.50  
Convertible Note Holder (1)     11     8/2/2017   8/2/2020   $ 62.50  
Convertible Note Holder (1)     2     8/14/2017   8/14/2020   $ 62.50  
Convertible Note Holder (1)     2     8/14/2017   8/14/2020   $ 62.50  
Equity Investor     14     8/27/2017   8/27/2020   $ 16.50  
Term Note Lender (1)     20     11/8/2017   11/8/2022   $ 10.00  
Term Note Lender (1)     140     11/8/2017   11/8/2022   $ 10.00  
Equity Investors     41     4/1/2018   4/1/2023   $ 15.00  
Equity Investors     41     4/1/2018   4/1/2023   $ 15.00  
Term Note Lender (1)     108     10/30/2018   10/30/2023   $ 6.00  
Term Note Lender (1)     251     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     251     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     30     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     30     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     71     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     70     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     1,235     7/2/2019   7/2/2024     3.00  
Term Note Lender (1)     1,235     7/2/2019   7/2/2024     3.00  
Total Warrants     5,332                  

 

  (1) Warrant was determined to be a derivative subject to fair value accounting and is recorded as a warrant liability.
Schedule of Warrants Activity

A summary of the warrant activity the years ended December 31, 2019 and 2018 is as follows:

 

          Weighted     Weighted  
          Average     Average  
    Number of     Exercise     Remaining  
    Warrants     Price     Life in Years  
Outstanding, December 31, 2017     2,243     $ 29.52       3.32  
Issued     416     $ 4.68          
Exercised     (445 )   $ 13.95          
Outstanding, December 31, 2018     2,214     $ 28.93       2.59  
Issued     3,174     $ 3.00          
Exercised/Expired     (90 )   $ 6.00          
Price reset provision     34     $ 25.00          
Outstanding, December 31, 2019     5,332     $ 13.86       3.3