| 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 |
|
|
|
515,000 |
|
|
|
7.12 |
|
| Exercised |
|
|
|
— |
|
|
|
— |
|
| Forfeited/Cancelled |
|
|
|
— |
|
|
|
— |
|
| Outstanding
- September 30, 2017 |
|
|
|
675,000 |
|
|
$ |
5.79 |
|
| Exercisable
- September 30, 2017 |
|
|
|
80,000 |
|
|
$ |
1.50 |
|
|
| Schedule of resricted shares |
The
following is a summary of restricted shares:
| Grant
Date |
|
Shares
Issued
|
|
|
Fair
Value
(1)
|
|
|
Shares
Vested
|
|
| June 2014 |
|
|
307,876 |
|
|
$ |
389,568 |
|
|
|
121,530 |
|
| July 2014 |
|
|
32,408 |
|
|
|
48,612 |
|
|
|
36,956 |
|
| August 2014 |
|
|
81,020 |
|
|
|
153,348 |
|
|
|
24,306 |
|
| September 2014 |
|
|
129,633 |
|
|
|
180,874 |
|
|
|
15,185 |
|
| March 2015 |
|
|
72,918 |
|
|
|
243,713 |
|
|
|
— |
|
| October 2015 |
|
|
293,000 |
|
|
|
411,000 |
|
|
|
— |
|
| November 2015 |
|
|
36,200 |
|
|
|
42,150 |
|
|
|
— |
|
| December 2015 |
|
|
300,000 |
|
|
|
105,000 |
|
|
|
230,000 |
|
| January 2016 |
|
|
40,000 |
|
|
|
68,000 |
|
|
|
— |
|
| March 2016 |
|
|
60,000 |
|
|
|
— |
|
|
|
60,000 |
|
| June 2016 |
|
|
118,000 |
|
|
|
512,990 |
|
|
|
— |
|
| August 2016 |
|
|
351,000 |
|
|
|
1,179,274 |
|
|
|
40,000 |
|
| January 2017 |
|
|
192,000 |
|
|
|
973,675 |
|
|
|
50,000 |
|
| February 2017 |
|
|
110,000 |
|
|
|
697,500 |
|
|
|
— |
|
| March 2017 |
|
|
20,000 |
|
|
|
— |
|
|
|
— |
|
| July 2017 |
|
|
100,000 |
|
|
|
745,000 |
|
|
|
— |
|
| |
|
|
2,244,055 |
|
|
$ |
5,750,704 |
|
|
|
577,977 |
|
| (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. |
|