Quarterly report pursuant to Section 13 or 15(d)

Share Based Payments and Stock Options (Tables)

v3.20.2
Share Based Payments and Stock Options (Tables)
9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of share-based payment expense and new shares issued

    Three Months Ended
September 30,
 
    2020     2019  
Total non-cash share-based compensation   $ 1,022,137     $ 553,492  

 

    Nine Months Ended
September 30,
 
    2020     2019  
Total non-cash share-based compensation   $ 6,324,109     $ 1,075,735  
Schedule of share-based payment of unvested share based Awards

    # of
Unvested
Awards
    $ of
Unvested
Awards
 
             
Option awards     915,000     $ 1,449,230  
Stock Awards     776,667       2,097,035  
Total           $ 3,546,265  
Schedule of stock options
    2020  
Total shares available for issuance pursuant to the 2014 Plan     2,500,000  
Options outstanding, September 30, 2020     (110,000 )
Total options exercised under 2014 Plan     (2,003,833 )
Total shares issued pursuant to the 2014 Plan     (375,000 )
Awards available for issuance under the 2014 Plan, September 30, 2020     11,167  

 

    2020  
Total shares available for issuance pursuant to the 2018 Plan, after amendment     5,000,000  
Options outstanding, September 30, 2020     (1,725,500 )
Total options exercised under 2018 Plan     (164,833 )
Total shares issued pursuant to the 2018 Plan     (693,333 )
Awards available for issuance under the 2018 Plan, September 30, 2020     2,416,334  
Schedule of option outstanding

Options   Shares     Weight -
Average
Exercise
Price
    Weighted -
Average
Remaining
Contractual
Term
    Weighted -
Average
Grant Date
Fair Value
 
Outstanding at December 31, 2019     1,920,333     $ 2.78       3.81 years     $ 1.71  
Granted     861,500     $ 4.31             $ 2.64  
Exercised     (654,663 )   $ 2.05             $ 1.04  
Forfeited or expired     (25,000 )   $ 3.17             $ 2.07  
Outstanding at September 30, 2020     2,102,170     $ 3.58       3.65 years     $ 2.22  
Options vested at September 30, 2020     1,187,170     $ 3.19       3.27 years     $ 1.95  
Schedule of options outstanding pursuant

 

    September 30,
2020
 
Options outstanding pursuant to 2014 Plan     110,000  
Options outstanding pursuant to 2018 Plan     1,725,500  
Options issued outside of 2014 and 2018 Plans     266,670  
      2,102,170