Quarterly report pursuant to Section 13 or 15(d)

11. Options

v3.19.2
11. Options
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Options

Note 11 – Options

 

Options Granted

No options were granted during the six months ended June 30, 2019 and 2018.

 

The Company recognized a total of $55,818, and $166,763 of compensation expense during the six months ended June 30, 2019 and 2018, 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 $71,966 as of June 30, 2019.

 

Options Exercised

No options were exercised during the six months ended June 30, 2019 and 2018.

 

Options Forfeited

A total of 134,000 options expired and were forfeited during the six months ended June 30, 2019. A total of 22,000 options were forfeited during the six months ended June 30, 2018.