Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2019

The following tables summarize the Company’s stock option activity for the nine months ended September 30, 2019, and 2018:

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding – January 1, 2019		499,439		$	6.94		9.0	$	-
Granted		30,000			2.23
Exercised		-			-
Forfeited/Canceled/Expired		(210,313	)		3.98
Outstanding – September 30, 2019		319,126		$	8.44		7.8	$	-

Exercisable – September 30, 2019		275,792		$	9.37		7.7	$	-

	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Life (in Years)		Aggregate Intrinsic Value
Outstanding – January 1, 2018		246,564		$	11.17		9.1	$	-
Granted		253,000			2.82
Exercised		-			-
Forfeited/Canceled/Expired		(125	)		27.6
Outstanding – September 30, 2018		499,439		$	6.94		9.0	$	7,500

Exercisable – September 30, 2018		251,272		$	8.49		8.8	$	2,500

A summary of the restricted stock award activity for the nine months ended September 30, 2019, and 2018 is as follows:

	Number of Shares

Unvested Outstanding - January 1, 2019		60,651
Granted		47,568
Forfeited		(13,865	)
Vested		(39,914	)
Unvested Outstanding – September 30, 2019		54,440

	Number of Shares

Unvested Outstanding - January 1, 2018		15,544
Granted		52,613
Forfeited		-
Vested		(15,544	)
Unvested Outstanding – September 30, 2018		52,613