Quarterly report pursuant to Section 13 or 15(d)

13. Options

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13. Options
9 Months Ended
Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Options

Note 13 – Options

 

Options Granted

No options were granted during the nine months ended September 30, 2018 and 2017. 

The Company recognized a total of $244,664 and $473,053 of compensation expense during the nine months ended September 30, 2018 and 2017, respectively, related to common stock options issued to Employees and Directors that are being amortized over the implied service term, or vesting period, of the options. The remaining unamortized balance of these options is $193,851 as of September 30, 2018.

 

Options Exercised

No options were exercised during the nine months ended September 30, 2018 and 2017.

 

Options Forfeited

A total of 22,000 options were forfeited during the nine months ended September 30, 2018. No options were forfeited during the nine months ended September 30, 2017.