• Filing Date: 2020-03-23
  • Form Type: 10-K
  • Description: Annual report
v3.20.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Summary of stock option activity
   

Number

of

Options

   

Weighted Average

Exercise

Price

   

Weighted-Average Remaining

Contractual

Term

   

Aggregate

Intrinsic

Value ($000)

 
                         
Outstanding at January 1, 2018     250,000                          
Outstanding at December 31, 2018     250,000     $ 6.01       6.4 years          
Granted     290,000     $ 2.00                  
Outstanding at December 31, 2019     540,000     $ 3.86       7.4 years     $ -  
Exercisable at December 31, 2019     291,250     $ 5.26       6.1 years     $ -  
Schedule of stock options, valuation assumptions
    2019  
       
Expected dividend yield     0 %
Expected volatility     31 %
Risk-free interest rate     2.59 %
Expected life (in years)     10  
Per share grant date fair value of options issued   $ 0.36