Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION

v3.20.2
SHARE-BASED COMPENSATION
6 Months Ended
Jun. 30, 2020
SHARE-BASED COMPENSATION [Abstract]  
SHARE-BASED COMPENSATION

10. SHARE-BASED COMPENSATION

As of June 30, 2020, the Company had 122,413 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 June 30, 2020:

 

 

 

 

 

 

 

    

 

    

Weighted

 

 

Number

 

Average

 

 

of Stock

 

Exercise

 

 

Options

 

Price

Options outstanding at January 1, 2020

 

2,844,405

 

$

1.71

Granted

 

362,000

 

 

1.73

Exercised

 

 —

 

 

 —

Canceled/Forfeited

 

(8,650)

 

 

2.23

Expired

 

 —

 

 

 —

Options outstanding at June 30, 2020

 

3,197,755

 

$

1.71

Options exercisable at June 30, 2020

 

2,369,088

 

$

1.61

 

Share-based compensation expense totaled $103,000 and $107,000 for the three-months ended June 30, 2020 and 2019, respectively, and $186,000 and $193,000 for the six-months ended June 30, 2020 and 2019, respectively.  As of June 30, 2020, there was approximately $0.7 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 2.3 years.