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 Stock Grant Activity

The following schedule shows stock grant activity for the year ended December 31, 2020 and 2019:

 

Grants outstanding as of December 31, 2018     300,444  
Grants awarded     6,967  
Forfeiture/Cancelled     (11,667)  
Grants vested     (226,994)  
Grants outstanding as of December 31, 2019     68,750  

 

Grants outstanding as of December 31, 2019     68,750  
Grants awarded     132,361  
Forfeiture/Cancelled     (33,333 )
Grants vested     (48,889 )
Grants outstanding as of December 31, 2020     118,889  
Schedule of Stock Grant Vesting Periods

The following table summarizes stock grant vesting periods.

 

Number of     Unrecognized stock compensation     Year Ending
Shares     expense     December 31,
  85,555     $ 215,451     2021
  16,667       33,333     2022
  16,667       2,778     2023
  118,889     $ 251,562      
Schedule of Stock Option Activity

The following schedule shows stock option activity for the year ended December 31, 2020 and 2019.

 

    Number of
Shares
  Weighted Average Remaining
Life (Years)
  Weighted Average
Exercise
Price
Stock options outstanding as of December 31, 2018     197,334       9.68     $ 6.90  
Issued     122,750       9.20     $ 8.28  
Expired     36,389       9.12     $ 7.98  
Stock options outstanding at December 31, 2019     283,695       9.21     $ 7.26  
Stock options exercisable at December 31, 2019     117,256       8.89     $ 7.02  

 

    Number of
Shares
  Weighted Average Remaining
Life (Years)
  Weighted Average
Exercise
Price
Stock options outstanding as of December 31, 2019     283,695       9.21     $ 7.26  
Issued     404,167       4.00     $ 6.00  
Expired     49,584       8.02     $ 6.90  
Stock options outstanding at December 31, 2020     638,278       7.25     $ 6.49  
Stock options exercisable at December 31, 2020     363,951       7.72     $ 6.48  
Schedule of Stock Option Vesting Periods

The following table summarizes stock option vesting periods under the two stock option plans.

 

Number of     Unrecognized stock compensation     Year Ending
Shares     expense     December 31,
  163,716     $ 815,518     2021
  110,611       521,223     2022
  274,327     $ 1,336,741