Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
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 —   
Exercised —   
Forfeited —   
Expired (12,500)   2.74   
Balance, March 31, 2020 3,712,500    $ 2.31   
Number of options exercisable at March 31, 2020 3,128,500    $ 2.38    5.4
Schedule of Stock Based Compensation Activity
The following table summarizes stock-based compensation expense:
Three Months Ended March 31,
2020 2019
Stock options $ 80,430    $ 691,070   
Restricted stock 778,597    —   
Total stock-based compensation $ 859,027    $ 691,070   
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 —    —   
Vested (282,112)   2.54   
Forfeited —    —   
Balance, March 31, 2020 1,486,614    $ 2.57