Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.20.2
Share-based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Stock Options and Grants [Abstract]  
Schedule of stock-based compensation expense included in statement of operations



Three Months Ended
June 30,


Six Months Ended
June 30,





2020


2019

2020
2019


Payroll and related expenses

   

$ 72,630

$ 170,118

$

111,394

   

$

332,611

   


General and administrative expenses

57,120





57,120



Marketing and business development expenses




6,750




6,750

 

       Total

   

$ 129,750

$ 176,868

$

168,514

   

$

339,361

   




Three Months Ended
June 30,


Six Months Ended
June 30,





2020


2019

 2020

2019

 

Stock options

   

$ 2,667

$ 40,098

$

5,333

  

  

$

72,196

   

 

Restricted Stock Units 

   


127,083


136,770

 

163,181

  

  

 

267,165

   


Total
$ 129,750

$ 176,868

$ 168,514

$ 339,361
Summary of fair value stock-based option awards granted using Black-Scholes option valuation model

 

 



2019


 

Expected dividend yield



%

 

Expected stock volatility



68.35 %

 

Risk-free interest rate



2.44 %

 

Expected life



3.00
Summary of employee stock option activity

 

 

 Shares

 

 

Weighted Average Fair Value Per Share

 

 

Weighted
Average Exercise Price Per Share

 

 

Weighted Average Remaining Terms (in years)

 

 

Aggregate Intrinsic Value

 


Outstanding – December 31, 2019

 

 

53,170

 

 

$

24.80

 

 

$

81.20

 

 

 

7.40

 

 

$

 


Granted

 

 

 

 

 

 

 

 

 

 

 

— 

 

 

 

— 

 


Exercised 

 

 

 

 

 

 

 

 

 

 

— 

 

 

 

— 

 


Cancelled

 

 

(833

)

 

 

 

 

 

 

 

 


 

 

 

— 

 


Outstanding – June 30, 2020

 

 

52,337

 

 

 

24.75

 

 

 

81.60

 

 

 

6.90

 

 

$

 


Exercisable – December 31, 2019

 

 

52,649

 

 

 

24.80

 

 

 

81.20

 

 

 

7.39

 

 

 

 


Exercisable – June 30, 2020

 

 

52,024

 

 

$

24.74

 

 

$

81.54

 

 

 

6.89

 

 

$

 

Schedule of RSU activities


    Number of Shares

 

Non-vested balance at January 1, 2020



8,938

 

Granted



47,331

Vested
(17,512 )

Forfeited/Expired

Non-vested balance at June 30, 2020 
38,757