Annual report pursuant to Section 13 and 15(d)

SUBSEQUENT EVENT

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SUBSEQUENT EVENT
12 Months Ended
Dec. 31, 2017
Subsequent Events [Abstract]  
SUBSEQUENT EVENT

NOTE 11 – SUBSEQUENT EVENTS

 

On February 13, 2018, the Company granted options to purchase an aggregate of 534,008 shares of the Company’s common stock to employees with an exercise price of $3.40, with a term of ten years, vesting 1/3 on the first anniversary and 1/36th each month thereafter for 24 months. Additionally, the Company granted options to purchase 293,626 shares of the Company’s common stock to employees with an exercise price of $4.25, with a term of ten years, vesting 1/3 on the first anniversary and 1/36th each month thereafter for 24 months.

 

On February 13, 2018, the Company granted options to purchase an aggregate of 7,000 shares of the Company’s common stock to a director with an exercise price of $3.40, with a term of ten years, vesting on the date of the Corporation’s 2018 annual meeting of shareholders.