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ACCRUED STOCK PAYABLE
12 Months Ended
Dec. 31, 2019
ACCRUED STOCK PAYABLE  
ACCRUED STOCK PAYABLE

NOTE 10.  ACCRUED STOCK PAYABLE

The following tables summarize the changes in accrued common stock payable:

 

 

 

 

 

 

 

 

 

 

 

 

Number of

 

    

Amount

    

Shares

December 31, 2018

 

$

 —

 

 —

Employee stock award – accrual

 

 

80,657

 

34,469

December 31, 2019

 

$

80,657

 

34,469

 

On January 29, 2019, we granted an employee $100,000 worth of our common stock, with fifty percent vesting on July 29, 2019 and the remaining amount vesting over eighteen months. Based on a stock price of $2.34 on the date of grant, the employee would receive 42,736 shares of our common stock upon vesting.  We are recognizing the value of the grant ratably over the vesting periods.  As of December 31, 2019, no stock had been issued to the employee and as a result we are recognizing the stock liability.