Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2020

The following table summarizes stock option activity during the years ended December 31, 2020 and 2019:

	2020					2019
	Number Outstanding			Weighted Average Exercise Price		Number Outstanding			Weighted Average Exercise Price
Outstanding at beginning of year		455,000		$	1.67		537,500		$	2.19
Granted during the year	‑			‑		‑			‑
Exercised during the year	‑			‑		‑			‑
Forfeited or expired during the year		(5,000	)		6.00		(82,500	)		4.98
Outstanding at end of year		450,000		$	1.62		455,000		$	1.67
Exercisable at end of year		360,000		$	1.62		275,000		$	1.70

Options outstanding and exercisable at year‑end 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	5.15 years	$	1.62				360,000	$	1.62
		450,000	5.15 years	$	1.62	$	103,500		360,000	$	1.62	$	82,800