Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.20.1
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
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, 2019

 

2,575,774

 

$

1.67

 

  

 

 

  

Granted

 

436,900

 

 

2.06

 

  

 

 

  

Exercised

 

(122,269)

 

 

1.84

 

  

 

 

  

Canceled/Forfeited

 

(33,333)

 

 

2.07

 

  

 

 

  

Expired

 

(12,667)

 

 

2.81

 

  

 

 

  

Options outstanding at December 31, 2019

 

2,844,405

 

$

1.71

 

6.42

 

$

4,667,998

Options exercisable at December 31, 2019

 

2,181,671

 

$

1.56

 

5.65

 

$

3,910,111

 

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

Option valuation weighted-average assumptions were as follows:


 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

    

2019

 

2018

Expected volatility

 

46.17

%  

 

43.33

%

Expected dividend yield

 

 —

%  

 

 —

%

Expected term (in years)

 

5.94

 

 

5.86

 

Weighted average risk free rate

 

1.87

%  

 

2.93

%