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
STOCK-BASED COMPENSATION  
Schedule of Common Stock Options

The following table summarizes information related to the Company’s common stock options:


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

    

Weighted

    

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

    

 

    

Weighted

 

Remaining

 

 

 

 

 

Number

 

Average

 

Contractual

 

Aggregate

 

 

of Stock

 

Exercise

 

Term

 

Intrinsic

 

 

Options

 

Price

 

(in years)

 

Value

Options outstanding at January 1, 2020

 

2,844,405

 

$

1.71

 

  

 

 

  

Granted

 

390,000

 

 

1.74

 

  

 

 

  

Exercised

 

(16,889)

 

 

1.75

 

  

 

 

  

Canceled/Forfeited

 

(8,650)

 

 

2.23

 

  

 

 

  

Expired

 

(25,158)

 

 

2.30

 

  

 

 

  

Options outstanding at December 31, 2020

 

3,183,708

 

$

1.71

 

5.89

 

$

7,080,591

Options exercisable at December 31, 2020

 

2,500,373

 

$

1.65

 

5.04

 

$

5,699,801

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Option valuation weighted-average assumptions were as follows:


 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

    

2020

 

2019

Expected volatility

 

60.78

%  

 

46.17

%

Expected dividend yield

 

 —

%  

 

 —

%

Expected term (in years)

 

5.94

 

 

5.94

 

Weighted average risk-free rate

 

0.41

%  

 

1.87

%