Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.1
SHARE-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2021
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Stock Options Pricing

 

 

 

Options Issued 2021

 

 

Options Issued 2020

 

Dividend yield

 

 

0

%

 

 

0

%

Expected volatility

 

 

68.74

%

 

 

70.98

%

Risk-free interest rate

 

 

0.48

%

 

 

1.39

%

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, 2020

 

 

2,982,000

 

 

$

1.08

 

 

$

2,101,780

 

 

 

2.35

 

Issued

 

 

30,000

 

 

 

2.25

 

 

 

—

 

 

 

—

 

Exercised

 

 

(50,000

)

 

 

0.22

 

 

 

(130,188

)

 

 

—

 

Forfeited

 

 

(41,666

)

 

 

1.04

 

 

 

—

 

 

 

—

 

Outstanding – March 31, 2021

 

 

2,920,334

 

 

$

1.10

 

 

$

5,249,621

 

 

 

2.17

 

Exercisable – March 31, 2021

 

 

2,087,001

 

 

$

0.90

 

 

$

4,163,613

 

 

 

1.56

 
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, 2020

 

 

845,000

 

 

$

1.55

 

 

$

197,608

 

 

 

3.83

 

Granted

 

 

30,000

 

 

 

2.25

 

 

 

—

 

 

 

—

 

Vested

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited

 

 

(41,666

)

 

 

1.04

 

 

 

—

 

 

 

—

 

Unvested – March 31, 2021

 

 

833,334

 

 

$

1.60

 

 

$

1,086,009

 

 

 

3.71