Kartoon Studios, Inc. Quarterly report pursuant to Section 13 or 15(d)

13. Stock Options (Tables)

9 Months Ended

Sep. 30, 2019

The following table summarizes the changes in the Company’s stock option plan during the nine months ended September 30, 2019:

	Options Outstanding Number of Shares		Exercise Price per Share		Weighted Average Remaining Contractual Life		Aggregate Intrinsic Value		Weighted Average Exercise Price per Share
Balance at December 31, 2018		1,259,415	$	2.09 -12.00		2.50 years	$	–	$	7.39
Options Granted		81,000	$	1.99		3.0 years	$	–	$	1.99
Options Exercised		–		–		–		–		–
Options Cancelled		40,793	$	1.99-2.70		4.92		–		4.39
Options Expired		–		–		–		–		–
Balance at September 30, 2019		1,299,622	$	2.09 -12.00		1.64 years	$	–	$	7.23

Exercisable December 31, 2018		1,070,869	$	2.70 - 9.00		2.96 years	$	–	$	7.44
Exercisable September 30, 2019		1,131,172	$	2.82 - 9.00		1.31 years	$	–	$	8.00

The fair value of these options was determined to be $117,797 using the Black-Scholes option pricing model based on the following assumptions: