Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2020 and 2019:

 

                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     (in Years)     Value  
Outstanding - January 1, 2020     295,793     $ 8.88       7.5     $            -  
Granted     -       -       -          
Exercised     -       -       -          
Forfeited     (256,667 )     9.28                -          
Outstanding - March 31, 2020     39,126     $ 6.27       8.1     $ -  
                                 
Exercisable at March 31, 2020     29,126     $ 7.65       7.8     $ -  

 

                Weighted        
                Average        
          Weighted     Remaining        
          Average     Contractual     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     (in Years)     Value  
Outstanding - January 1, 2019     499,439     $ 6.94     $ 9.0     $ -  
Granted     30,000       2.23       -          
Exercised     -       -       -          
Forfeited     (120,313 )     2.88                      -          
Outstanding - March 31, 2019     409,126     $ 7.78       8.4     $ 80,520  
                                 
Exercisable at March 31, 2019     330,959     $ 9.01       8.2     $ 32,710  

Schedule of Restricted Stock Award Activity

As of March 31, 2020 and 2019, the following is a summary of restricted stock activity:

 

    Number of  
    Shares  
Outstanding - January 1, 2020     27,319  
Granted     -  
Forfeited     -  
Vested     (27,319 )
Outstanding - March 31, 2020     -  

 

    Number of  
    Shares  
Outstanding - January 1, 2019     60,651  
Granted     8,090  
Forfeited     (22,730 )
Vested     -  
Outstanding - March 31, 2019     46,011