Stockholders' Equity |
Shareholders’ Equity Issuances of Common Stock For the three months ended March 31, 2020, there were 100,000 shares of the Company’s common stock issued as a result of the exercise of stock options with a weighted average issue price of $1.78 per share. For the three months ended March 31, 2019, no shares were issued. | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2020 (Unaudited) | | | | | | | | | | | | Common Stock | | Treasury Stock | | Additional Paid-In Capital | | Accumulated Deficit | | Total | January 1, 2020 | | $ | 39,613 | | | $ | (18,929,915) | | | $ | 96,105,851 | | | $ | (41,351,078) | | | $ | 35,864,471 | | Stock-based compensation | | — | | | — | | | 426,939 | | | — | | | 426,939 | | Exercise of stock options | | | 100 | | | — | | | | 174,900 | | | | — | | | 175,000 | | Net loss | | — | | | — | | | — | | | (2,214,139) | | | (2,214,139) | | March 31, 2020 | | $ | 39,713 | | | $ | (18,929,915) | | | $ | 96,707,690 | | | $ | (43,565,217) | | | $ | 34,252,271 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2019 (Unaudited) | | | | | | | | | | | Common Stock | | Treasury Stock | | Additional Paid-In Capital | | Accumulated Deficit | | Total | January 1, 2019 | | $ | 38,967 | | | $ | (18,929,915) | | | | $ | 94,385,230 | | | $ | (33,043,113) | | | $ | 42,451,169 | | Stock-based compensation | | — | | | — | | | | 309,563 | | | — | | | 309,563 | | Net loss | | — | | | — | | | | — | | | (2,175,258) | | | (2,175,258) | | March 31, 2019 | | $ | 38,967 | | | $ | (18,929,915) | | | | $ | 94,694,793 | | | $ | (35,218,371) | | | $ | 40,585,474 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Treasury Stock As of March 31, 2020 and December 31, 2019, there were 12,253,502 shares of common stock held in treasury, at a cost of approximately $18.9 million, representing the purchase price on the date the shares were surrendered to the Company.
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