Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 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% - 76.97%

 

 

70.88% - 72.11%

 

Risk free interest rate

 

0.27% - 1.39%

 

 

1.37% - 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

 

 

465,000

 

 

$

1.57

 

 

 

—

 

 

 

—

 

Exercised

 

 

(558,000

)

 

$

0.50

 

 

$

(487,976

)

 

 

—

 

Forfeited

 

 

(100,000

)

 

$

1.57

 

 

 

—

 

 

 

—

 

Outstanding – December 31, 2020

 

 

2,982,000

 

 

$

1.08

 

 

$

2,101,780

 

 

 

2.35

 

Exercisable – December 31, 2020

 

 

2,137,000

 

 

$

0.89

 

 

$

1,904,172

 

 

 

1.77

 
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

 

 

465,000

 

 

$

1.57

 

 

 

—

 

 

 

—

 

Vested

 

 

(573,333

)

 

$

1.34

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(100,000

)

 

$

1.57

 

 

 

—

 

 

 

—

 

Unvested – December 31, 2020

 

 

845,000

 

 

$

1.55

 

 

$

197,608

 

 

 

3.83