SHARE-BASED COMPENSATION |
9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2019 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of Compensation Related Costs, Share-based Payments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| SHARE-BASED COMPENSATION |
10. SHARE-BASED COMPENSATION As of September 30, 2019, the Company had 476,968 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 September 30, 2019:
Share-based compensation expense totaled $70,000 and $114,000 for the three months ended September 30, 2019 and 2018, respectively, and $263,000 and $521,000 for the nine months ended September 30, 2019 and 2018, respectively. As of September 30, 2019, there was approximately $0.6 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 2.2 years. As compensation for their annual service, the Company issued a total of 21,524 restricted shares under the 2015 Plan with a one-year transfer restriction to certain non-executive members of its Board of Directors in May 2019. |
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