Quarterly report pursuant to Section 13 or 15(d)

STOCK OPTIONS (Tables)

v3.20.2
STOCK OPTIONS (Tables)
 6 Months Ended
Jun. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

 

Options Issued 2020

 

 

Options Issued 2019

 

Dividend yield

 

 

0

%

 

 

0

%

Expected volatility

 

 

70.98

%

 

 

72.00

%

Risk free interest rate

 

 

1.39

%

 

1.83% - 2.51%

 

Expected life (years)

 

 

5.00

 

 

 

5.00

 
Summary of Stock Option Activity

A summary of stock option activity is as follows:

 

 

 

Common

Stock

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

Outstanding – December 31, 2019

 

 

3,175,000

 

 

$

0.92

 

 

$

2,692,025

 

 

 

2.79

 

Issued

 

 

225,000

 

 

 

1.93

 

 

 

—

 

 

 

—

 

Exercised

 

 

(175,000

)

 

 

0.22

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(100,000

)

 

 

1.57

 

 

 

—

 

 

 

—

 

Outstanding – June 30, 2020

 

 

3,125,000

 

 

$

1.01

 

 

$

1,036,150

 

 

 

2.52

 

Exercisable – June 30, 2020

 

 

2,136,667

 

 

$

0.71

 

 

$

1,339,800

 

 

 

1.90

 
Summary of Unvested Stock Option Activity

A summary of unvested stock option activity is as follows:

 

 

 

Common

Stock

Options

 

 

Weighted-

Average

Exercise

Price

 

 

Aggregate

Intrinsic

Value

 

 

Weighted-

Average

Remaining

Contractual

Term (Years)

 

Unvested – December 31, 2019

 

 

1,053,333

 

 

$

1.43

 

 

$

357,734

 

 

 

3.92

 

Granted

 

 

225,000

 

 

 

1.93

 

 

 

—

 

 

 

—

 

Vested

 

 

(190,000

)

 

 

0.37

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(100,000

)

 

 

1.57

 

 

 

—

 

 

 

—

 

Unvested – June 30, 2020

 

 

988,333

 

 

$

1.65

 

 

$

(303,650

)

 

 

3.87