Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Activity
The following table summarizes stock-based compensation expense:

Three Months Ended June 30, Six Months Ended June 30,
2020 2019 2020 2019
Stock options $ 347,328    $ 185,848    $ 427,758    $ 876,918   
Restricted stock 822,863    —    1,601,460    —   
Total stock-based compensation $ 1,170,191    $ 185,848    $ 2,029,218    $ 876,918   
The following table summarizes restricted stock activity:

Number of Unvested Shares Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2019 1,768,726    $ 2.57   
Granted 643,220    2.67   
Vested (467,368)   2.53   
Forfeited —    —   
Balance, June 30, 2020 1,944,578    $ 2.61   
Schedule of Stock Option Activity The following table summarizes option activity for directors, officers, consultants and employees:
Number of Options Weighted
Average
Exercise Price
per Option
Weighted
Average Grant
Date Fair Value
 per Option
Weighted
Average
Remaining
Contractual Life
(Years)
Balance, December 31, 2019 3,725,000    $ 2.32   
Granted 875,075    1.81    0.61   
Exercised (22,500)   2.75   
Forfeited (117,594)   4.42   
Expired (12,500)   2.74   
Balance, June 30, 2020 4,447,481    $ 2.16   
Number of options exercisable at June 30, 2020 3,117,500    $ 2.39    5.4