Quarterly report pursuant to Section 13 or 15(d)

STOCK BASED COMPENSATION (Tables)

v3.19.3
STOCK BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2019
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Weighted-Average Black-Scholes Option Pricing Model Assumptions The assumptions used in the Black-Scholes option-pricing model and the weighted-average grant date fair value of the option awards for the periods presented were as follows:
  Three and Nine Months ended September 30,
2019 2018
Volatility
65.01%
105%   
Expected term (in years) 6 6
Risk-free rate
2.37%
2.24%   
Expected dividend yield —    —   
Weighted-average grant date fair value per option  
1.76
  2.24   
Stock options  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-Based Compensation Activity
The following table is a summary of stock option activity during the nine months ended September 30, 2019:
Number of
Options Outstanding
Weighted Average Exercise Price Weighted Average Remaining Contractual Life (in years) Aggregate Intrinsic Value (in thousands)
Outstanding 2013 & 2014 Plans – December 31, 2018 2,486,646    $ 1.89    7.00 $ 1,550   
Options granted 50,832    2.28    9.74 —   
Options exercised —    —    —    —   
Options forfeited (181,280)   2.23    —    —   
Outstanding – September 30, 2019 2,356,198    $ 1.89    6.33 $ 628   
Exercisable – September 30, 2019 1,688,640    $ 1.70    5.25 $ 618   
Restricted stock units  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of Share-Based Compensation Activity
The following table is a summary of restricted stock units award activity during the nine months ended September 30, 2019:

Nine Months ended
September 30, 2019
Number of Shares    Weighted Average Grant Date Fair Value
Non-vested at beginning of period 315,292    $ 2.26   
Shares vested (56,552)   2.30   
Shares granted 253,113    2.28   
Non-vested 511,853    $ 2.27