Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Activity
The following table summarizes stock-based compensation expense:

Three Months Ended March 31,
2021 2020
Stock options $ 70,412  $ 80,430 
Restricted stock 822,016  778,597 
Total stock-based compensation $ 892,428  $ 859,027 
The following table summarizes restricted stock activity:
Number of Unvested Shares Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2020 1,377,889  $ 2.70 
Granted 230,373  15.28 
Vested (299,039) 2.73 
Forfeited   — 
Balance, March 31, 2021 1,309,223  $ 4.94 
Schedule of Stock Option Activity The following table summarizes 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, 2020 2,351,240  $ 2.00  5.5
Granted —  —  — 
Exercised (743,535) 3.15 
Forfeited —  — 
Expired (29,000) 4.99 
Balance, March 31, 2021 1,578,705  $ 1.41  5.8
Number of options exercisable at March 31, 2021 1,264,205  $ 1.44  6.5