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Stock Incentive Plans
 12 Months Ended
Dec. 31, 2019
Share-based Payment Arrangement [Abstract]  
Stock Incentive Plans STOCK INCENTIVE PLANS
Stock Options
The following table summarizes stock option activity for the year-ended December 31, 2019:
 
Options Outstanding
 
Shares
 
Weighted
Average
Exercise Price
Outstanding, December 31, 2018
5,613,057

 
$
0.83

Options granted
1,985,000

 
0.35

Options expired / forfeited
(3,526,724
)
 
0.76

Outstanding, December 31, 2019
4,071,333

 
0.58

Exercisable, December 31, 2019
3,121,333

 
$
0.65


The following table summarizes additional information on the Company's stock options outstanding at December 31, 2019:
 
 
Options Outstanding
 
Options Exercisable
Range of
Exercise
Prices
 
Number Outstanding
 
Weighted- Average Remaining Contractual
Life (Years)
 
Weighted Average Exercise Price
 
Number Exercisable
 
Weighted Average Exercise Price
$0.28 - $1.00
 
3,847,000

 
8.31
 
$
0.57

 
2,897,000

 
$
0.64

$1.56 - $1.80
 
209,133

 
7.38
 
$
1.79

 
209,133

 
$
1.79

$2.60 - $6.35
 
15,200

 
0.52
 
$
4.48

 
15,200

 
$
4.48

Totals
 
4,071,333

 
8.23
 
$
0.58

 
3,121,333

 
$
0.65


Weighted-Average Exercisable Remaining Contractual Life (Years) 7.90
During the year ended December 31, 2019, the Company granted an aggregate of 1,985,000 stock options to employees at exercise prices ranging from $0.09 to $0.37 per share with a 10-year term. A total of 575,000 options were immediately vested and 550,000 options were performance based options that were contingent upon the Company meeting certain sales and stock-price target goals. All of the performance based options were forfeited on December 31, 2019.
As of December 31, 2019, we had $209,000 of total unrecognized compensation expense related to unvested stock options. Total expense related to stock options was approximately $765,000 and $1.4 million for the year ended December 31, 2019 and 2018, respectively.
As of December 31, 2019, the intrinsic value of options outstanding or exercisable was $0 as there were no options outstanding with an exercise price less than $0.06, the per share closing market price of our common stock at that date.