MANAGEMENT CHANGES (Details Narrative) - USD ($) |
9 Months Ended | |||
---|---|---|---|---|
Oct. 12, 2018 |
Sep. 04, 2018 |
Sep. 30, 2018 |
Sep. 30, 2017 |
|
2015 Stock Option Plan [Member] | ||||
Number of stock options granted | 1,018,000 | 568,000 | ||
Exercise price (in dollar per share) | $ 1.23 | $ 0.41 | ||
Mr. Donald B. Pettigrew [Member] | ||||
Annual base compensation | $ 325,000 | |||
Description of annual bonus terms | <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><font style="font: 10pt Times New Roman, Times, Serif">Specified executive bonus which is equivalent to 50% of base compensation based on achievement of goals payable in cash. </font></td></tr> </table> | |||
Number of stock options granted | 1,000,000 | |||
Exercise price (in dollar per share) | $ 1.23 | |||
Description of vesting rights | <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><font style="font: 10pt Times New Roman, Times, Serif">Vest twenty-five percent 25% at the one (1) year anniversary of the Effective Date and twelve and one-half percent (12.5%) every six (6) months thereafter until fully vested. </font></td></tr> </table> | |||
Mr. Daniel S. Goldberger [Member] | Subsequent Event [Member] | ||||
Monthly base compensation | $ 30,000 | |||
Signing bonus | $ 75,000 | |||
Description of performance bonus terms | <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><font style="font: 10pt Times New Roman, Times, Serif">Performance bonus will equal 50% of the initial annual base salary and 50% of the initial target bonus payable to such successor (the “Performance Bonus”). </font></td></tr> </table> | |||
Option expiration term | 10 years | |||
Mr. Daniel S. Goldberger [Member] | Subsequent Event [Member] | 2015 Stock Option Plan [Member] | ||||
Number of stock options granted | 500,000 | |||
Exercise price (in dollar per share) | $ 1.57 | |||
Description of vesting rights | <table border="0" cellpadding="0" cellspacing="0" style="width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom"> <td style="font: 11pt Calibri, Helvetica, Sans-Serif; width: 100%"><font style="font: 10pt Times New Roman, Times, Serif"> 100,000 shares vested immediately, and the remaining 400,000 shares will vest at the rate of 25,000 shares per completed quarter.</font></td></tr> </table> |