Table:
|  | Number of Options Outstanding | Weighted Average Exercise Price | Average Remaining Contractual Life (in years) | Aggregate Intrinsic Value (thousands) |
| --- | --- | --- | --- | --- |
| Outstanding – December 31, 2017 | 2,341,340 | $1.77 | 5.78 | $1,087 |
| Options granted | 376,667 | 2.41 |  |  |
| Options exercised | 224,400 | 1.59 |  |  |
| Options forfeited | 6,961 | 1.42 |  |  |
| Outstanding – December 31, 2018 | 2,486,646 | $1.89 | 7.01 | $1,550 |
| Options granted | 50,832 | 3.02 |  |  |
| Options exercised | - |  |  |  |
| Options forfeited | 181,281 | 2.23 |  |  |
| Outstanding – December 31, 2019 | 2,356,197 | $1.89 | 5.93 | $628 |
| Exercisable – December 31, 2019 | 1,843,468 | $1.75 | 5.34 | $624 |
Paragraphs:
STOCK OPTIONS
The following is a summary of stock option activity during the years ended December 31, 2019 and 2018:
Question:
What is the percentage change in outstanding options between 2018 and 2019?
Answer: (2356197 - 2486646)/2486646  = -5.25