Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.20.1
Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Stock Compensation Expense by Award Type

The exercise price of stock options are equal to the fair market value of the underlying Company common stock on the date of grant.

 

    For the Twelve Months
Ended December 31,
 
    2019     2018  
Stock option awards   $ 175,675     $ 304,745  
Non-employee awards     1,564,670       2,329,874  
Restricted stock unit awards     447,300       559,499  
Phantom stock awards     112,270       54,048  
    $ 2,299,915     $ 3,248,166  

Schedule of Share-based Compensation, Stock Options, Activity

The following table summarizes stock option award activity during 2019:

 

    Shares    

Weighted

Average

Exercise

Price

   

Remaining

Contractual

Life in

Years

   

Aggregate

Intrinsic Value

 
Balance, January 1, 2019     290,000     $ 5.55       4.2       -  
Granted     -       -       -       -  
Forfeited     (210,000     5.00       -       -  
Balance, December 31, 2019     80,000       7.01       3.7       -  
Exercisable, December 31, 2019     53,333       7.01       3.7       -