| Schedule of option activity |
The
following is a summary of the option activity:
| |
|
|
Options |
|
|
Weighted
Average
Exercise
Price
|
|
| Outstanding - June 30,
2017 |
|
|
|
160,000 |
|
|
$ |
1.50 |
|
| Exercisable - June 30, 2017 |
|
|
|
80,000 |
|
|
$ |
1.50 |
|
| Granted |
|
|
|
1,006,859 |
|
|
|
6.74 |
|
| Exercised |
|
|
|
— |
|
|
|
— |
|
| Forfeited/Cancelled |
|
|
|
— |
|
|
|
— |
|
| Outstanding – December 31, 2017 |
|
|
|
1,166,859 |
|
|
$ |
6.02 |
|
| Exercisable – December 31, 2017 |
|
|
|
80,000 |
|
|
$ |
1.50 |
|
|
| Schedule of resricted shares |
The
following is a summary of restricted stock units (“RSU’s”) and restricted stock awards (“RSA’s”):
| Grant
Date |
|
Shares
Issued
|
|
|
Fair
Value
(1)
|
|
|
Shares
Vested
|
|
| June 2014 (RSA) |
|
|
307,876 |
|
|
$ |
483,284 |
|
|
|
247,111 |
|
| July 2014 (RSA) |
|
|
32,408 |
|
|
|
48,612 |
|
|
|
24,306 |
|
| August 2014 (RSA) |
|
|
81,020 |
|
|
|
121,179 |
|
|
|
63,296 |
|
| September 2014 (RSA) |
|
|
129,633 |
|
|
|
196,313 |
|
|
|
121,531 |
|
| March 2015 (RSA) |
|
|
72,919 |
|
|
|
378,109 |
|
|
|
18,230 |
|
| October 2015 (RSA) |
|
|
293,000 |
|
|
|
411,000 |
|
|
|
146,500 |
|
| November 2015 (RSA) |
|
|
36,200 |
|
|
|
54,300 |
|
|
|
18,100 |
|
| December 2015 (RSA) |
|
|
300,000 |
|
|
|
105,000 |
|
|
|
247,500 |
|
| January 2016 (RSA) |
|
|
40,000 |
|
|
|
68,000 |
|
|
|
10,000 |
|
| March 2016 (RSA) |
|
|
60,000 |
|
|
|
— |
|
|
|
60,000 |
|
| June 2016 (RSA) |
|
|
118,000 |
|
|
|
533,160 |
|
|
|
45,000 |
|
| August 2016 (RSA) |
|
|
351,000 |
|
|
|
1,218,110 |
|
|
|
40,000 |
|
| January 2017 (RSA) |
|
|
192,000 |
|
|
|
1,153,951 |
|
|
|
25,000 |
|
| February 2017 (RSA) |
|
|
110,000 |
|
|
|
697,500 |
|
|
|
— |
|
| March 2017 (RSA) |
|
|
20,000 |
|
|
|
— |
|
|
|
— |
|
| September 2017 (RSA) |
|
|
111,000 |
|
|
|
790,320 |
|
|
|
— |
|
| September 2017 (RSU) |
|
|
253,000 |
|
|
|
1,796,910 |
|
|
|
— |
|
| October 2017 (RSU) |
|
|
301,000 |
|
|
|
1,872,220 |
|
|
|
— |
|
| November 2017 (RSU) |
|
|
97,494 |
|
|
|
608,362 |
|
|
|
— |
|
| December 2017 (RSU) |
|
|
120,000 |
|
|
|
775,800 |
|
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
3,026,550 |
|
|
$ |
11,312,130 |
|
|
|
1,066,574 |
|
| (1) |
The fair value of the restricted
stock awards as shown above is based on either the balance sheet date for consultants or grant date for employees. |
|