Quarterly report pursuant to Section 13 or 15(d)

Equity-Based Compensation (Tables)

Equity-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Compensation Related Costs [Abstract]  
Schedule of stock option awards

    June 30,
Expected volatility (1)     85 %
Expected dividend yield (2)     - %
Expected term (3)      3.75 years  
Risk-free interest rate (4)     2.37 %


(1) Expected volatility is based on the historical volatility of a selected peer group over a period equivalent to the expected term.
(2) The Company has assumed a dividend yield of zero as management has no plans to declare dividends in the foreseeable future.
(3) Expected term represents the estimated period of time until an award is exercised and was determined using the simplified method.
(4) The risk-free rate is an interpolation of yields on U.S. Treasury securities with maturities equivalent to the expected term.
Schedule of stock option activity

    Stock Options  
Outstanding at beginning of period   -  
Granted     176,784  
Exercised     -  
Forfeited     (9,957 )
Outstanding at end of period     166,827