Stock Incentive Plans

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Stock Incentive Plans

Note 7 - Stock Incentive Plans

Stock Options

The following table summarizes stock option activity for the nine months ended September 30, 2020.

	Options Outstanding
	Shares			Weighted Average Exercise Price
Outstanding, December 31, 2019	4,071,333		$	0.58
Options granted	—			—
Options expired / forfeited	(2,854,983	)		0.50
Outstanding, September 30, 2020	1,216,350			0.74
Exercisable, September 30, 2020	1,216,350		$	0.74

The following table summarizes additional information on stock options outstanding at September 30, 2020.

		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
$	0.09 - $1.00	1,208,500	0.83	$	0.73	1,208,500	$	0.73
$	1.70	4,050	1.27	$	1.70	4,050	$	1.70
$	2.60	3,800	0.26	$	2.60	3,800	$	2.60
	Totals	1,216,350	0.83	$	0.74	1,216,350	$	0.74

Weighted-Average Exercisable Remaining Contractual Life (Years): 0.83

During the nine months ended September 30, 2020, the Company granted no stock options to employees.

Total expense related to stock options was approximately $8,000 and $708,000 for the nine months ended September 30, 2020 and 2019, respectively.

As of September 30, 2020, the Company had no unrecognized compensation expense related to unvested stock options.

As of September 30, 2020, the intrinsic value of options outstanding was zero.