Annual report pursuant to Section 13 and 15(d)

Share Based Payments (Tables)

v3.21.1
Share Based Payments (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of share-based payment expense

    December 31,  
    2020     2019  
Restricted stock   $ 5,164,133     $ 1,419,323  
Stock options     2,250,662       1,071,212  
Warrants     441,368       -  
Total   $ 7,856,163     $ 2,490,535  
Schedule of restricted stock activity

    Shares     Weighted Average Grant Date Fair Value  
Nonvested, January 1, 2019     55,000     $ 3.35  
Granted    

353,500

     

2.50

 
Vested     (201,000 )    

3.02

 
Forfeited     (3,500 )     5.91  
Nonvested, December 31, 2019     204,000     $

3.82

 
Granted     1,293,000       4.90  
Vested     (799,833 )    

5.16

 
Forfeited    

(66,667

)    

4.15

 
Nonvested, December 31, 2020     630,500     $ 4.51  
Schedule of stock options
Awards issued under the 2014 Plan as of December 31, 2020 are summarized below:   2020  
       
Total Shares available for issuance pursuant to the 2014 Plan     2,500,000  
Options outstanding, December 31 2020     (50,000 )
Total options exercised under 2014 Plan     (2,058,833 )
Total shares issued pursuant to the 2014 Plan     (375,000 )
Awards available for issuance under the 2014 Plan, December 31, 2020     16,167  

 

    2020  
Total Shares available for issuance pursuant to the 2018 Plan, as amended     5,000,000  
Options outstanding, December 31 2020     (1,486,438 )
Total options exercised under 2018 Plan     (438,895 )
Total shares issued pursuant to the 2018 Plan     (1,112,979 )
Awards available for issuance under the 2018 Plan, December 31, 2020     1,961,688

 

 

Schedule of stock option expected rates

    2020     2019  
Expected volatility     77.75-80.7 %      87.8%-92.7 %
Expected dividends      None        None  
Expected term      2-5 years        2-5 years  
Risk-free rate      1.64-1.75 %     1.64 %

Schedule of options outstanding pursuant

Options outstanding pursuant to 2014 Plan     50,000  
Options outstanding pursuant to 2018 Plan     1,486,438  
Options issued outside of 2014 and 2018 Plans     266,670  
Total options outstanding December 31, 2020     1,803,108  

Schedule of option outstanding

Options   Shares     Weighted-
Average Exercise
Price
    Weighted- Average Remaining Contractual Term   Weighted-
Average Grant Date Fair Value
 
                       
Outstanding at January 1, 2019     1,815,500     $ 1.66     2.65 years   $ .78  
Granted     795,000     $ 3.42         $ 2.31  
Exercised     (667,500 )   $ .72         $ .16  
Forfeited or expired     (17,667 )   $ 2.78         $ 1.49  
Outstanding at December 31, 2019     1,925,333     $ 2.71     3.60 years   $ 1.71  
Vested and exercisable at December 31, 2019     1,346,333     $ 2.36     3.25 years   $ 1.32  
                             
Outstanding at January 1, 2020     1,925,333     $ 2.71     3.60 years   $ 1.71  
Granted     891,500     $ 4.75         $ 2.67  
Exercised     (983,725 )   $ 2.59         $ 1.35  
Forfeited or expired     (30,000 )   $ 2.75         $ 1.63  
Outstanding at December 31, 2020     1,803,108     $ 3.92     3.47 years   $ 2.38  
Vested and exercisable at December 31, 2020     1,057,734     $ 3.55     3.13 Years   $ 2.00