Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.4
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Share-based Compensation Arrangements The following table summarizes stock-based compensation expense:
Years Ended December 31,
2020 2019
Stock options $ 792,055  $ 1,542,644 
Restricted stock 3,228,750  437,354 
Total stock-based compensation expense $ 4,020,805  $ 1,979,998 
The following table summarizes stock option activity:
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, 2018 3,867,621  $ 4.1 
Granted 2,450,000  1.0  0.5 
Exercised (736,552) 0.7 
Forfeited (907,500) 4.5 
Expired (948,569) 5.0 
Balance, December 31, 2019 3,725,000  2.3 
Granted 877,575  1.9  0.6 
Exercised (2,112,392) 2.4 
Forfeited (118,943) 5.8 
Expired (20,000) 2.4 
Balance, December 31, 2020 2,351,240  $ 2.0  5.5
Number of options exercisable at December 31, 2020 1,972,740  $ 2.1  5.8
The following table summarizes restricted stock activity:
Number of Unvested Shares Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2018 —  $ — 
Granted 1,805,222  2.6 
Vested (36,496) 2.7 
Forfeited —  — 
Balance, December 31, 2019 1,768,726  2.6 
Granted 657,135  2.9 
Vested (1,047,972) 2.6 
Forfeited —  — 
Balance, December 31, 2020 1,377,889  $ 2.7