Quarterly report pursuant to Section 13 or 15(d)

14. Stock-Based Compensation (Tables)

v3.20.2
14. Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of stock grant activity
Grants outstanding as of December 31, 2019     412,501  
Grants awarded     300,000  
Forfeiture/Cancelled     (200,000 )
Grants vested     –  
Grants outstanding as of March 31, 2020     512,501  
Schedule of stock grant vesting periods
Number of     Unrecognized stock compensation     Year Ending  
Shares     expense     December 31,  
  264,167     $ 183,125       2020  
  148,334       93,784       2021  
  100,000       33,333       2022  
  512,501     $ 310,243          
Schedule of stock option activity
    Number of
Shares		     Weighted Average Remaining
Life (Years)		     Weighted Average
Exercise
Price		  
Stock options outstanding as of December 31, 2019     1,702,167       9.21     $ 1.21  
Issued     2,395,000       9.58     $ 1.00  
Exercised     –       –       –  
Expired     87,500       9.14     $ 1.35  
Stock options outstanding at March 31, 2020     4,009,667       9.42     $ 1.09  
Stock options exercisable at March 31, 2020     1,108,996       8.91     $ 1.12  
Schedule of stock option vesting periods
Number of     Unrecognized stock compensation     Year Ending  
Shares     expense     December 31,  
  1,099,707     $ 913,349       2020  
  1,070,631       887,290       2021  
  730,334       573,603       2022  
  2,900,672     $ 2,374,242