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

A summary of the option activity during the years ended December 31, 2019 and 2018 is presented below:

 

                Weighted        
          Weighted     Average        
          Average     Remaining     Aggregate  
    Number of     Exercise     Life     Intrinsic  
    Options     Price     In Years     Value  
Outstanding, January 1, 2018     1,422,000     $ 10.16                  
Granted     1,520,207       4.46                  
Forfeited     (146,500 )     10.00                  
Outstanding, December 31, 2018     2,795,707     $ 7.07       9.0     $ -  
Granted     715,000       1.88                  
Forfeited     (1,018,500 )     8.42                  
Outstanding, December 31, 2019     2,492,207     $ 4.44       8.6     $ -  
                                 
Exercisable, December 31, 2019     1,702,520     $ 5.28       8.5     $ -  

Schedule of Outstanding and Exercisable Options

A summary of outstanding and exercisable options and Restricted Stock units as of December 31, 2019 is presented below:

 

Options Outstanding     Options Exercisable  
Exercise Price     Exercisable Into  

Outstanding

Number of Options

   

Weighted Average

Remaining Life In

Years

   

Exercisable

Number of

Options

 
$ 12.00     Common Stock     120,000       7.7       120,000  
$ 10.00     Common Stock     146,500       6.8       146,500  
$ 7.00     Common Stock     6,000       7.9       6,000  
$ 4.99     Common Stock     1,080,207       8.7       972,186  
$ 4.93     Common Stock     80,000       8.5       60,000  
$ 2.98     Common Stock     150,000       8.5       62,500  
$ 2.90     Common Stock     30,000       8.9       30,000  
$ 2.57     Common Stock     130,000       8.9       50,000  
$ 2.00     Common Stock     699,500       8.9       222,834  
$ 1.59     Common Stock     30,000       9.1       25,000  
$ 1.38     Common Stock     20,000       9.2       7,500  
        Total     2,492,207               1,702,520  

Schedule of Outstanding and Exercisable Restricted Stock Units

Restricted Stock Units Exercisable
Grant Date   Exercisable Into  

Outstanding

Number of Units

   

Weighted Average

Remaining Life In

Years

 
11/27/2018   Common Stock     38,910       1.8  
9/13/2019   Common Stock     156,250       2.7  
    Total     195,160