Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

The following table summarizes the Company’s stock option activity for the years ended December 31, 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 or Canceled     (233,646 )     3.87                  
Outstanding – December 31, 2019     295,793     $ 8.88       7.5     $ -  
                                 
Exercisable – December 31, 2019     275,793       9.37       7.4     $ -  

 

    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 or Canceled     (125 )     27.6                  
Outstanding – December 31, 2018     499,439     $ 6.94       9.0     $ -  
                                 
Exercisable – December 31, 2018     251,272       8.49       8.8     $ -  

Schedule of Fair Value Measurement Assumptions

Risk-free interest rate     2.44 %
Expected dividend yield     0.00 %
Expected volatility     102.71 %
Expected term     5.75 years  

Schedule of Restricted Stock Award Activity

A summary of restricted stock activity for the year ended December 31, 2019 is as follows:

 

    Number of
Shares		  
Unvested - December 31, 2018     60,651  
Granted     47,568  
Vested     (67,035 )
Forfeited or Canceled     (13,865 )
Unvested – December 31, 2019     27,319