STOCK-BASED COMPENSATION PLANS (Tables)

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Granted Awards of Restricted Shares of Common Stock to each Independent Members of the Board of Directors

Under the 2015 Equity Incentive Plan, we granted awards of restricted shares of Common Stock to each of the independent members of the Board of Directors as follows:

Grant Date (1)	Vesting Date	Restricted Shares of Common Stock - Individual	Restricted Shares of Common Stock - Aggregate
May 2018	May 2019	1,126	3,378
May 2019	May 2020	889	3,556
July 2019	May 2020 (2)	81	324
May 2020	(3)	5,478	21,912

(1)Compensation expense related to these restricted shares of Common Stock is recognized over the vesting period, and generally vests based on one year of continuous service. We recorded compensation expense related to these restricted shares of Common Stock in the amount of $55,000 and $56,000 for the three months ended September 30, 2020 and 2019, respectively, and $167,000 and $138,000 for the nine months ended September 30, 2020 and 2019, respectively.

(2)These shares vested in May 2020 concurrent with the vesting of the restricted shares of Common Stock granted in May 2019.

(3)These shares will vest after one year of continuous service.