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Stock-Based Compensation
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Stock-Based Compensation

Note 8. Stock–Based Compensation

 

Issuance of restricted common stock – directors, officers and employees

 

The Company’s activity in restricted common stock was as follows for the six months ended June 30, 2020:

 

    Number of shares     Weighted average
grant date fair
value
 
Non–vested at January 1, 2020     650,000     $ 1.24  
Granted     -     $ -  
Vested     (583,333 )   $ 1.48  
Non–vested at June 30, 2020     66,667     $ 0.04  

 

For the three months ended June 30, 2020 and 2019, the Company has recorded $2 and $730, in employee and director stock–based compensation expense, which is a component of general and administrative expenses in the consolidated statement of operations.

  

For the six months ended June 30, 2020 and 2019, the Company has recorded $222 and $1,679, in employee and director stock–based compensation expense, which is a component of general and administrative expenses in the consolidated statement of operations.

 

As of June 30, 2020, unamortized stock-based compensation costs related to restricted share arrangements was $2 and will be recognized over a weighted average period of 0.58 years.

 

Stock options

 

As of December 31, 2019, the Company had 6,000,000 stock options with a weighted average exercise price of $0.71 and a weighted average grant date fair value of $1.29. All the stock options were fully vested and there were no unrecognized costs. Under the terms of the stock option agreement, all options expired on January 31, 2020. As of June 30, 2020, there are no outstanding or exercisable stock options.