Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions

The following table provides the weighted average assumptions used in determining the fair value of the stock options granted during the years ended December 31, 2019 and December 31, 2018.

 

    December 31, 2019     December 31, 2018  
Risk-free interest rate     2.34 %     2.71 %
Expected life     5.9 years       6.0 years  
Expected volatility     128.58 %     127.18 %
Dividend yield     -       -  

Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award

The impact of RSUs and stock options on net loss for the years ended December 31, 2019 and 2018 is as follows:

 

    2019     2018  
RSUs   $ 243     $ 301  
Options     722       1,433  
Total stock-based compensation expense   $ 965     $ 1,734  

Schedule of Stock Option Activity

A summary of stock option and SARs activity for the year ended December 31, 2019, and changes during such year, is presented below:

 

    Shares     Weighted- Average Grant Price     Weighted-Average Remaining Contractual Period (in years)       Aggregate Intrinsic Value  
Outstanding at January 1, 2019     288,950     $ 21.40       8.83     $           -  
Granted     132,545       9.50       9.30       -  
Exercised     -                          
Forfeited or expired     (5,817 )     387.10               -  
Outstanding at December 31, 2019     415,678       12.50       8.45       -  
                                 
Exercisable at December 31, 2019     202,206       15.20       7.91       -  
                                 
Vested and expected to vest     402,921       12.60       8.43       -  

Schedule of Non Vested Option Activity

A summary of the status of the Company’s non-vested options for the year ended December 31, 2019, and changes during such year, is presented below:

 

    Shares     Weighted- Average Grant Date Fair Value  
             
Non-vested at January 1, 2019     134,089     $ 9.30  
Granted     132,545       8.50  
Vested     (53,150 )     9.00  
Forfeited     -          -  
Non-vested at December 31, 2019     213,484     $ 8.80  

Schedule of Share-Based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company’s non-vested shares of restricted stock units for the year ended December 31, 2019, and changes during such year, is presented below:

 

    Shares     Weighted- Average Grant Date Fair Value     Average Remaining Vesting Period (in years)     Aggregate Intrinsic Value  
Non-vested at January 1, 2019     36,224     $ 11.70       1.37     $ 289,758  
Granted     27,637       9.80       -       -  
Vested     (14,486 )     13.70       -       -  
Forfeited     -       -       -       -  
Non-vested at December 31, 2019     49,375     $ 10.00       1.11     $ 246,875