Equity Compensation Plans

12 Months Ended

Dec. 31, 2019

Equity Compensation Plans

Equity Compensation Plans

NOTE 8. EQUITY COMPENSATION PLANS:

The following table sets forth information regarding our equity compensation plans as of December 31, 2019:

	Options				RSUs		Shares of Stock
			Weighted						Weighted
	No. of		Average		No of		No of		Average
	Options		Price		RSUs		Shares		Price		Total
Equity compensation plan total shares								-		-		80,000
Granted		6,000		66.75		3,328		0		0		9,328
Cancelled/expired		0		0		0		0		0		0
Balance outstanding as at December 31, 2015		6,000		66.75		3,328		0		0		0
Balance available under the plan as at December 31, 2015		0		0		0		0		0		70,672
Granted		39,028		169.75		20,307		0		0		59,335
Cancelled/expired		6,400		135.25		0		0		0		6,400
Balance outstanding as at December 31, 2016		38,628		159.5		23,635		0		0		0
Balance available under the plan as at December 31, 2016		0		0		0		0		0		17,737
Granted		11,400		140.5		3,045		7,944		64.5		22,389
Cancelled/Expired		3,616		163.5		7,633		0		0		11,249
Balance outstanding as at December 31, 2017		46,412		152.5		19,047		7,944		64.5		0
Balance available under the plan as at December 31, 2017		0		0		0		0		0		6,597
New pool added		0		0		0		0		0		80,000
Granted		74,480		36.75		5,675		0		0		80,155
Cancelled/expired		34,072		150		1,599		0		0		35,671
Balance available under the plan as at December 31, 2018		0		0		0		0		0		42,114
New pool added		0		0		0		0		0		0
Granted		0		0		0		0		0		0
Cancelled/expired		32,908		0		0		0		0		32,908
Balance available under the plan as at December 31, 2019		0		0		0		0		0		75,022

The company issued and valued options using the Black-Scholes model for all 2017 issuances with the following significant assumptions –

● Expected term of 3.25 years.

● Expected volatility of 111.8%.

● Risk-free interest rate of 0.57%.

● Expected dividend yield of 0%.