Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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

Three Months Ended September 30, Nine Months Ended September 30,
2020 2019 2020 2019
Stock options $ 302,806  $ 334,711  $ 730,564  $ 1,211,629 
Restricted stock 435,710  —  2,037,170  — 
Total stock-based compensation $ 738,516  $ 334,711  $ 2,767,734  $ 1,211,629 
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 (763,626) 2.55 
Forfeited   — 
Balance, September 30, 2020 1,648,320  $ 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 (1,458,655) 2.44 
Forfeited (118,943) 5.82 
Expired (20,000) 2.37 
Balance, September 30, 2020 3,002,477  $ 2.04 
Number of options exercisable at September 30, 2020 1,755,345  $ 2.26  6.7