Stock-based Compensation (Tables)

9 Months Ended

Sep. 30, 2020

Stock-based Compensation [Abstract]

Summary of Stock Option Activity

The following table summarizes stock option activity during the nine months ended September 2020 and 2019:

	Nine Months Ended September 30, 2020					Nine Months Ended September 30, 2019
	Number Outstanding			Weighted Average Exercise Price		Number Outstanding			Weighted Average Exercise Price
Outstanding at beginning of period		455,000		$	1.67		537,500		$	2.19
Granted during period		-			-		-			-
Exercised during period		-			-		-			-
Forfeited or expired during period		(5,000	)		6.00		(82,500	)		4.89
Outstanding at end of period		450,000		$	1.62		455,000		$	1.67
Exercisable at end of period		360,000		$	1.62		275,000		$	1.70

Options Outstanding and Exercisable

Options outstanding and exercisable at September 30, 2020 were as follows:

	Outstanding							Exercisable
Grant Date	Number Outstanding		Weighted Average Remaining Contractual Life	Weighted Average Exercise Price		Aggregate Intrinsic Value		Number Outstanding		Weighted Average Exercise Price		Aggregate Intrinsic Value
February 24, 2016		450,000	5.40 years	$	1.62				360,000	$	1.62
		450,000	5.40 years	$	1.62	$	22,000		360,000	$	1.62	$	22,000