10. Share-Based Expense (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2019 |
Dec. 31, 2018 |
Schedule of Share-Based Compensation Expense |
|
|
Three Months Ended March 31, |
|
|
|
2019 |
|
|
2018 |
|
Research and development expenses |
|
$ |
11,418 |
|
|
$ |
60,345 |
|
General and administrative expenses |
|
|
222,522 |
|
|
|
345,849 |
|
|
|
$ |
233,940 |
|
|
$ |
406,194 |
|
|
|
|
Year Ended December 31, |
|
|
|
2018 |
|
|
2017 |
|
Research and development expenses |
|
$ |
203,030 |
|
|
$ |
101,401 |
|
General and administrative expenses |
|
|
1,228,757 |
|
|
|
1,691,692 |
|
|
|
$ |
1,431,787 |
|
|
$ |
1,793,093 |
|
|
Common Stock Awards [Member] |
|
|
Common stock awards |
|
|
|
Number of shares |
|
Balance as of January 1, 2017 |
|
|
2,483 |
|
Granted |
|
|
3,484 |
|
Issued |
|
|
(732 |
) |
Balance as of December 31, 2017 |
|
|
5,235 |
|
Granted |
|
|
2,167 |
|
Issued |
|
|
– |
|
Balance as of December 31, 2018 |
|
|
7.402 |
|
|
Employee Stock Options [Member] |
|
|
Assumptions used |
|
|
|
Year Ended December 31, |
|
|
|
2018 |
|
|
2017 |
|
Weighted-average expected dividend yield (%) |
|
|
– |
|
|
|
– |
|
Weighted-average expected volatility (%) |
|
|
118.03 |
|
|
|
111.37 |
|
Weighted-average risk-free interest rate (%) |
|
|
2.90 |
|
|
|
1.79 |
|
Weighted-average expected life of option (years) |
|
|
5.90 |
|
|
|
5.36 |
|
Weighted-average exercise price ($) |
|
|
36.60 |
|
|
|
40.08 |
|
|
Option activity |
|
|
|
Number of
shares |
|
|
Weighted-
average
exercise
price |
|
|
Weighted-
average
remaining
life
(years) |
|
|
Aggregate
intrinsic
value |
|
Outstanding as of January 1, 2017 |
|
|
99,476 |
|
|
$ |
53.16 |
|
|
|
8.94 |
|
|
$ |
526,073 |
|
Granted |
|
|
58,334 |
|
|
|
40.08 |
|
|
|
|
|
|
|
|
|
Expired |
|
|
(9,446 |
) |
|
|
55.32 |
|
|
|
|
|
|
|
|
|
Outstanding as of December 31, 2017 |
|
|
148,364 |
|
|
|
47.88 |
|
|
|
8.53 |
|
|
$ |
5,273 |
|
Granted |
|
|
8,334 |
|
|
|
36.60 |
|
|
|
|
|
|
|
|
|
Expired |
|
|
(9,245 |
) |
|
|
68.76 |
|
|
|
|
|
|
|
|
|
Outstanding as of December 31, 2018 |
|
|
147,453 |
|
|
$ |
45.96 |
|
|
|
8.17 |
|
|
$ |
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vested or expected to vest as of December 31, 2018 |
|
|
145,370 |
|
|
$ |
46.20 |
|
|
|
8.16 |
|
|
$ |
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable as of December 31, 2017 |
|
|
60,992 |
|
|
$ |
58.08 |
|
|
|
7.44 |
|
|
$ |
5,273 |
|
Exercisable as of December 31, 2018 |
|
|
96,015 |
|
|
$ |
49.32 |
|
|
|
7.92 |
|
|
$ |
– |
|
|
Non-vested option activity |
|
|
|
Number of
shares |
|
|
Weighted-
average
grant date
fair value |
|
Balance as of January 1, 2018 |
|
|
87,373 |
|
|
$ |
34.32 |
|
Granted |
|
|
8,334 |
|
|
$ |
31.56 |
|
Forfeited |
|
|
(556 |
) |
|
$ |
34.92 |
|
Vested |
|
|
(43,712 |
) |
|
$ |
36.60 |
|
Balance as of December 31, 2018 |
|
|
51,439 |
|
|
$ |
31.80 |
|
|
Non Employee Stock Options [Member] |
|
|
Option activity |
|
|
|
Number of
shares |
|
|
Weighted-
average
exercise
price |
|
|
Weighted-
average
remaining
life
(years) |
|
|
Aggregate
intrinsic
value |
|
Outstanding as of January 1, 2017 |
|
|
4,787 |
|
|
$ |
90.84 |
|
|
|
7.23 |
|
|
$ |
– |
|
Expired |
|
|
(61 |
) |
|
|
124.08 |
|
|
|
|
|
|
|
|
|
Outstanding as of December 31, 2017 |
|
|
4,726 |
|
|
|
90.36 |
|
|
|
6.31 |
|
|
$ |
– |
|
Granted |
|
|
834 |
|
|
|
23.16 |
|
|
|
|
|
|
|
|
|
Expired |
|
|
(263 |
) |
|
|
219 |
|
|
|
|
|
|
|
|
|
Outstanding as of December 31, 2018 |
|
|
5,297 |
|
|
$ |
73.44 |
|
|
|
5.40 |
|
|
$ |
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Vested or expected to vest as of December 31, 2018 |
|
|
5,297 |
|
|
$ |
73.44 |
|
|
|
5.40 |
|
|
$ |
– |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Exercisable as of December 31, 2017 |
|
|
4,727 |
|
|
$ |
90.36 |
|
|
|
6.31 |
|
|
$ |
– |
|
Exercisable as of December 31, 2018 |
|
|
5,297 |
|
|
$ |
73.44 |
|
|
|
5.40 |
|
|
$ |
– |
|
|
Non-vested option activity |
|
|
|
Number of
shares |
|
|
Weighted-
average
grant date
fair value |
|
Balance as of January 1, 2018 |
|
|
– |
|
|
$ |
– |
|
Granted |
|
|
834 |
|
|
$ |
20.76 |
|
Vested |
|
|
(834 |
) |
|
$ |
20.76 |
|
Balance as of December 31, 2018 |
|
|
– |
|
|
$ |
– |
|
|