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Stockholders' Equity (Tables)
12 Months Ended
Dec. 31, 2020
Class Of Stock [Line Items]  
Schedule of Assumptions for Fair Value of Option Grant

In connection with the stock option grants during 2020 and 2019, the fair value of each option grant was estimated on the date of the grant using the Black-Scholes option pricing model with the following assumptions:

 

 

 

2020

 

 

2019

 

Risk-free interest rate

 

0% - 2%

 

 

2% - 3%

 

Expected life (years)

 

 

6.8

 

 

 

6.8

 

Expected volatility

 

74%

 

 

73%

 

Expected dividend yield

 

Zero

 

 

Zero

 

Schedule of Changes in Common Stock Options

The following summarizes the changes in common stock options for 2020 and 2019:

 

 

2020

 

 

2019

 

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

 

Options

 

 

Weighted

Average

Exercise

Price

 

Outstanding at beginning of year

 

 

3,611,850

 

 

$

0.51

 

 

 

4,303,900

 

 

$

0.75

 

Granted

 

 

474,750

 

 

$

1.62

 

 

 

649,850

 

 

$

0.74

 

Exercised

 

 

(383,350

)

 

$

0.46

 

 

 

(31,276

)

 

$

0.45

 

Expired

 

 

(20,000

)

 

$

0.83

 

 

 

(765,000

)

 

$

2.00

 

Forfeited

 

 

(167,025

)

 

$

1.15

 

 

 

(545,624

)

 

$

0.61

 

Outstanding at end of year

 

 

3,516,225

 

 

$

0.63

 

 

 

3,611,850

 

 

$

0.51

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at year end

 

 

2,566,100

 

 

$

0.47

 

 

 

2,157,336

 

 

$

0.46

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-average fair value of options granted

   during the year

 

 

 

 

 

$

1.10

 

 

 

 

 

 

$

0.50

 

 

Schedule of Information about All Stock Options Outstanding

The following table summarizes information about all stock options outstanding at December 31, 2020:

 

Exercise price

 

Options

Outstanding

 

 

Weighted

Average

Remaining

Life (years)

 

 

Weighted

Average

Exercise

Price

 

 

Number

Exercisable

 

 

Weighted

Average

Remaining

Life (years)

 

 

Weighted

Average

Exercise

Price

 

$ 0.24 to $ 0.40

 

 

100,000

 

 

 

6.4

 

 

$

0.34

 

 

 

75,000

 

 

 

6.2

 

 

$

0.31

 

$ 0.42 to $ 0.48

 

 

2,357,600

 

 

 

6.0

 

 

$

0.45

 

 

 

2,279,350

 

 

 

5.9

 

 

$

0.45

 

$ 0.53 to $ 1.00

 

 

758,625

 

 

 

7.9

 

 

$

0.77

 

 

 

211,750

 

 

 

5.9

 

 

$

0.73

 

$ 1.41 to $ 2.77

 

 

300,000

 

 

 

9.5

 

 

$

1.76

 

 

 

 

 

N/A

 

 

N/A

 

 

 

 

3,516,225

 

 

 

6.7

 

 

$

0.63

 

 

 

2,566,100

 

 

 

5.9

 

 

$

0.47

 

Other Options Issued [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

Other Options

 

2020

 

 

2019

 

Options outstanding, beginning of year

 

 

265,000

 

 

 

625,000

 

Options issued

 

 

90,000

 

 

 

265,000

 

Options exercised

 

 

(10,625

)

 

 

 

Options expired

 

 

 

 

 

(625,000

)

Options outstanding, end of year

 

 

344,375

 

 

 

265,000

 

2003 Stock Option and Appreciation Rights Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

2003 Plan

 

2020

 

 

2019

 

Options outstanding, beginning of year

 

 

20,000

 

 

 

310,000

 

Options expired

 

 

(20,000

)

 

 

(140,000

)

Options forfeited

 

 

 

 

 

(150,000

)

Options outstanding, end of year

 

 

 

 

 

20,000

 

2010 Non-Qualified Stock Option Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

2010 Plan

 

2020

 

 

2019

 

Options outstanding, beginning of year

 

 

975,000

 

 

 

915,000

 

Options granted

 

 

125,000

 

 

 

60,000

 

Options outstanding, end of year

 

 

1,100,000

 

 

 

975,000

 

2016 Stock Option Plan [Member]  
Class Of Stock [Line Items]  
Schedule of Stock Options and Other Stock Options Issued

 

2016 Plan

 

2020

 

 

2019

 

Options outstanding, beginning of year

 

 

2,351,850

 

 

 

2,453,900

 

Options granted

 

 

259,750

 

 

 

324,850

 

Options exercised

 

 

(372,725

)

 

 

(31,276

)

Options forfeited

 

 

(167,025

)

 

 

(395,624

)

Options outstanding, end of year

 

 

2,071,850

 

 

 

2,351,850