Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2020
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, 2020 and December 31, 2019.

 

    December 31, 2020     December 31, 2019  
Risk-free interest rate     0.75 %     2.34 %
Expected life     6.5 years       5.9 years  
Expected volatility     123.71 %     128.58 %
Dividend yield     -       -
Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award

Stock-based compensation for the years ended December 31, 2020 and 2019 is as follows:

 

    2020     2019  
RSUs and restricted stock   $ 176     $ 243  
Performance-based awards     265       -  
Common stock awards     116       -  
Options     1,630       722  
Total stock-based compensation expense   $ 2,187     $ 965
Schedule of Stock Option Activity

A summary of stock option and SARs activity for the year ended December 31, 2020, and changes during such year, is presented below:

 

          Weighted-     Weighted-Average        
          Average     Remaining     Aggregate  
          Grant     Contractual     Intrinsic  
    Shares     Price     Period (in years)     Value  
Outstanding at January 1, 2020     415,678     $ 12.50       8.45     $         -  
Granted     525,550       6.24       9.39       -  
Exercised     -                          
Forfeited or expired     (92,409 )     11.18               -  
Outstanding at December 31, 2020     848,819       8.76       8.59       -  
                                 
Exercisable at December 31, 2020     361,501       11.81       7.77       -  
                                 
Vested and expected to vest     659,465       9.48       8.39       -
Schedule of Non Vested Option Activity

A summary of the status of the Company’s non-vested options for the year ended December 31, 2020, and changes during such year, is presented below:

 

    Shares     Weighted- Average Grant Date Fair Value  
             
Nonvested at January 1, 2020     213,472     $ 8.80  
Granted     525,550       5.36  
Vested     (197,998 )     7.34  
Forfeited     (53,706 )     7.86  
Nonvested at December 31, 2020     487,318     $ 5.81
Schedule of Share-Based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company’s non-vested shares of restricted stock and restricted stock units for the year ended December 31, 2020, and changes during such year, is presented below:

 

          Weighted-     Average        
          Average     Remaining     Aggregate  
          Grant Date     Vesting     Intrinsic  
    Shares     Fair Value     Period (in years)     Value  
Nonvested at January 1, 2020     49,366     $ 10.04       1.11     $ 246,830  
Granted     236,321       3.43       -       -  
Vested     (43,976 )     9.52       -       -  
Forfeited     (2,254 )     10.10       -       -  
Nonvested at December 31, 2020     239,457     $ 3.61       1.75     $ 751,895