Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.19.3.a.u2
Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Compensation  
Schedule of information about 2019 plan

The following table contains information about the 2019 Plan as of September 30, 2019:

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Awards 

 

 

Awards Reserved for

 

 

 

Available for

 

 

Issuance

 

Awards Issued

 

Grant

2019 Plan

 

2,000,000

 

1,000,000

 

1,000,000

 

Schedule of incentive stock option activity

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted Average

 

 

Number of 

 

Weighted Average

 

Contractual 

 

 

Options

 

Exercise Price

 

Term in Years

Outstanding at June 21, 2019

 

 —

 

 

 —

 

 —

Granted

 

1,000,000

 

$

0.053525

 

10.0

Exercised

 

 —

 

 

 —

 

 —

Forfeited

 

 —

 

 

 —

 

 —

Cancelled

 

 —

 

 

 —

 

 —

Expired

 

 —

 

 

 —

 

 —

Outstanding at September 30, 2019

 

1,000,000

 

$

0.053525

 

10.0

 

Schedule of assumptions used in share-based compensation

The following assumptions were used to calculate share-based compensation expense for nine months ended September 30, 2019:

 

 

 

 

 

Volatility

    

88.42

%

Risk-free interest rate

 

1.37% - 1.39

%

Dividend yield

 

0.0

%

Expected term

 

5.25 years