Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION

v3.20.1
SHARE-BASED COMPENSATION
3 Months Ended
Mar. 31, 2020
SHARE-BASED COMPENSATION [Abstract]  
SHARE-BASED COMPENSATION

10. SHARE-BASED COMPENSATION

As of March 31, 2020, the Company had 489,635 share-based awards authorized by shareholders and available for grant from the 2015 Equity Incentive Plan (the “2015 Plan”).

The following table summarizes information related to the Company’s common stock options as of March 31, 2020:

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

Number

 

Average

 

 

of Stock

 

Exercise

 

 

Options

 

Price

Options outstanding at January 1, 2020

 

2,844,405

 

$

1.71

Granted

 

 —

 

 

 —

Exercised

 

 —

 

 

 —

Canceled/Forfeited

 

 —

 

 

 —

Expired

 

 —

 

 

 —

Options outstanding at March 31, 2020

 

2,844,405

 

$

1.71

Options exercisable at March 31, 2020

 

2,211,671

 

$

1.57

 

Share-based compensation expense totaled $83,000 and $86,000 for the three-months ended March 31, 2020 and 2019, respectively.  As of March 31, 2020, there was approximately $0.4 million of unrecognized compensation cost related to unvested stock options previously granted that is expected to be recognized over a weighted-average period of approximately 1.9 years.