Equity (Tables)

6 Months Ended

Jun. 30, 2020

Equity [Abstract]

Summary of Stock Issuances

The following is a summary of stock issuances that occurred during the period:

Date of Issue	Employees or Director	Shares Issued		Value of Shares Issued
January 1, 2020	Employee		2,250	$	13
March 6, 2020	Directors		7,920		47
March 13, 2020	Employee		39,714		292
May 15, 2020	Employee		560		6
May 31, 2020	Directors		6,800		79
			57,244	$	437

Summary of Common Stock Repurchases

The below table summarizes shares repurchased from employees during the current year through June 30, 2020:

Date of Purchase	Shares Purchased		Closing Price on Date of Purchase
March 13, 2020		2,949	$	4.34

Restricted Stock Units Outstanding

The following table contains information regarding restricted stock units:

	June 30, 2020
Outstanding on January 1, 2020		198,717
Units granted during the period		125,000
Vested and issued		(54,295	)
Vested-issued and repurchased for income tax withholding		(2,949	)
Forfeited		(7,802	)
Outstanding on June 30, 2020		258,671

Summary of Assumptions to Calculate the Black-Scholes Option Pricing Model for Stock Options Granted

The following table illustrates the various assumptions used to calculate the Black-Scholes option pricing model for stock options granted on September 1, 2019:

	Grant date 9/1/2019
Dividend yields		—
Expected volatility		51.0	%
Risk free interest rate		1.42	%
Expected life (in years)		6
Fair value of the option granted	$	2.76