9. Stock Options (Tables)

12 Months Ended

Dec. 31, 2020

Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding [Roll Forward]

Schedule of Common Shares Reserved for Future Issuance

Common shares reserved for future issuance, including outstanding options and options available for future grant under all of the stock option plans totaled 1,081,000 shares at December 31, 2020 as follows, in thousands:

(In thousands)	Common Shares Reserved for Future Issuance
2015 Plan		555
2005 Plan		526
Total		1,081

Share-based Payment Arrangement, Option, Activity

A summary of our stock option activity and related information for the years ended December 31, 2020 and 2019 is as follows:

	2020					2019
	Number of Options (in thousands)			Weighted Average Exercise Price		Number of Options (in thousands)			Weighted Average Exercise Price
Outstanding at beginning of year		975		$	0.96		1,235		$	0.83
Granted at price = market value		403			5.56		34			4.40
Granted at price > market value		–			–		–			–
Exercised		(343	)		0.61		(294	)		0.81
Forfeited		–			–		–			–
Expired		–			–		–			–
Outstanding at end of year		1,035		$	2.87		975		$	0.96
Options exercisable at end of year		601		$	1.03		917		$	0.84

Share-based Payment Arrangement, Option, Exercise Price Range

Information related to stock options outstanding at December 31, 2020, is summarized below:

	Options Outstanding				Options Exercisable
Range of Exercise Prices	Outstanding at 12/31/20 (in thousands)	Weighted Average Remaining Contractual Life (years)		Weighted Average Exercise Price	Exercisable at 12/31/20 (in thousands)		Weighted Average Exercise Price
$0.40 - $1.00	411	1.66	$	0.58	411	$	0.58
$1.01 - 2.00	140	3.83		1.69	132		1.72
$2.01 - 4.25	71	5.54		2.89	55		2.50
$4.26 - $8.72	413	9.46		5.54	3		4.75
	1,035	5.33	$	2.87	601	$	1.03

Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding and Exercisable

Summarized information about outstanding stock options as of December 31, 2020, that are fully vested and those that are expected to vest in the future as well as stock options that are fully vested and currently exercisable, are as follows:

	Outstanding Stock Options (Fully Vested and Expected to Vest)*			Options that are Exercisable
As of December 31, 2020
Number of outstanding options (in thousands)			987		601
Weighted average remaining contractual life			5.14		2.41
Weighted average exercise price per share		$	2.76		$1.03
Intrinsic value (in thousands)		$	14,670		$9,976

* Includes effects of expected forfeitures