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StockBased Compensation (Tables)
9 Months Ended
Sep. 30, 2020
StockBased Compensation  
Schedule of fair value assumptions used in valuing stock options

 

Nine Months Ended

 

 

September 30,

 

 

 

2020

 

2019

 

 

 

 

 

 

 

Volatility

 

52%-56%

 

49% - 50%

 

Risk Free Interest Rate

 

0.37% - 1.66%

 

1.45% - 2.59%

 

Expected term

 

6.25 years

6.25 years

 

Schedule of stock option activity

 

 

Number of

Options

 

 

Weighted

Average

Exercise Price

 

 

Weighted

Average Remaining

Contractual Life

 

 

Aggregate

Intrinsic

Value

 

Outstanding at December 31, 2019

 

 

1,470,406

 

 

$7.30

 

 

 

7.5

 

 

$6,604,461

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

475,605

 

 

 

9.90

 

 

 

 

 

 

 

 

 

Exercised

 

 

(38,445)

 

 

4.77

 

 

 

 

 

 

 

 

 

Expired

 

 

(27,500)

 

 

12.65

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(268,100)

 

 

11.79

 

 

 

 

 

 

 

 

 

Outstanding at September 30, 2020

 

 

1,611,966

 

 

$7.29

 

 

 

7.2

 

 

$6,590,764

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at September 30, 2020

 

 

932,180

 

 

$5.86

 

 

 

6.1

 

 

$5,085,646

 

Schedule of restricted stock unit activity

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Number of

 

 

Fair Value

 

 

 

Units

 

 

Per Share

 

Unvested at December 31, 2019

 

 

50,494

 

 

$11.82

 

 

 

 

 

 

 

 

 

 

Granted

 

 

35,875

 

 

 

12.39

 

Vested

 

 

(10,159)

 

 

12.39

 

Forfeited

 

 

(50,494)

 

 

11.82

 

Unvested at September 30, 2020

 

 

25,716

 

 

$12.39

 

Schedule of restricted stock award activity

 

 

 

 

Weighted

 

 

 

 

 

Average

 

 

 

 

 

Grant Date

 

 

 

Number of

 

 

Fair Value

 

 

 

Units

 

 

Per Share

 

Unvested at December 31, 2019

 

 

-

 

 

$-

 

 

 

 

 

 

 

 

 

 

Granted

 

 

27,419

 

 

 

9.72

 

Vested

 

 

(14,619)

 

 

9.84

 

Forfeited

 

 

(1,222)

 

 

9.57

 

Unvested at September 30, 2020

 

 

11,578

 

 

$9.57