STOCK-BASED COMPENSATION (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
| |
|
June 30, |
|
| |
|
2021 |
|
2020 |
|
| |
|
|
|
|
|
|
|
| Dividend yield |
|
|
0.00% |
|
|
0.00% |
|
| Expected Volatility |
|
|
74.01%-74.28% |
|
|
62.1% |
|
| Weighted-average volatility |
|
|
— |
|
|
— |
|
| Expected dividends |
|
|
— |
|
|
— |
|
| Expected term (in years) |
|
|
10 |
|
|
10 |
|
| Risk-free rate |
|
|
1.20%-1.62% |
|
|
0.63% |
|
|
| The following table summarizes the status of the Plan with respect to time based stock options: |
The following table summarizes the status of the Plan with respect to time
based stock options:
| |
|
Six Months Ended June 30, |
|
| |
|
2021 |
|
2020 |
|
| |
|
Shares |
|
Weighted
Average
Exercise
Price |
|
Shares |
|
Weighted
Average
Exercise
Price |
|
| |
|
|
|
|
|
|
|
|
|
| Outstanding at January 1 |
|
2,922,494 |
|
$ |
2.46 |
|
|
3,647,000 |
|
$ |
1.32 |
|
| Granted |
|
1,250,000 |
|
$ |
3.94 |
|
|
60,000 |
|
$ |
9.76 |
|
| Exercised |
|
1,000,000 |
|
$ |
1.23 |
|
|
722,000 |
|
$ |
0.58 |
|
| Forfeited |
|
100,000 |
|
$ |
3.94 |
|
|
200,000 |
|
$ |
2.09 |
|
| Outstanding at June 30 |
|
3,072,494 |
|
$ |
3.41 |
|
|
2,785,000 |
|
$ |
1.64 |
|
| Options exercisable at June 30 |
|
871,244 |
|
$ |
2.18 |
|
|
812,760 |
|
$ |
1.37 |
|
| Weighted average fair value of options granted during the period |
|
— |
|
$ |
3.06 |
|
|
— |
|
$ |
6.68 |
|
| Stock-based compensation expense |
|
— |
|
$ |
1,528,522 |
|
|
— |
|
$ |
290,991 |
|
|
| The following table presents information pertaining to options outstanding at June 30, 2021: |
The following table presents information pertaining to options outstanding
at June 30, 2021:
| Range of Exercise Price |
|
Number
Outstanding |
|
Weighted
Average
Remaining
Contractual
Life |
|
Weighted
Average
Exercise
Price |
|
Number
Exercisable |
|
Weighted
Average
Exercise
Price |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| $0.50-$9.76 |
|
3,072,494 |
|
7.7 years |
|
$ |
3.41 |
|
871,244 |
|
$ |
2.18 |
|
|
| The following table summarizes the status of the Plan with respect to performance-based stock options: |
The following table summarizes the status of the Plan with respect to performance-based
stock options:
| |
|
Six Months Ended June 30, |
|
| |
|
2021 |
|
2020 |
|
| |
|
Shares |
|
Weighted
Average
Exercise
Price |
|
Shares |
|
Weighted
Average
Exercise
Price |
|
| |
|
|
|
|
|
|
|
|
|
| Outstanding at January 1 |
|
1,000,000 |
|
$ |
1.70 |
|
1,000,000 |
|
$ |
1.70 |
|
| Granted |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Exercised |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Forfeited |
|
1,000,000 |
|
$ |
1.70 |
|
— |
|
$ |
— |
|
| Outstanding at June 30 |
|
— |
|
$ |
— |
|
1,000,000 |
|
$ |
1.70 |
|
| Options exercisable at June 30 |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Weighted average fair value of options granted during the period |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Stock-based compensation expense |
|
— |
|
$ |
(408,747 |
) |
— |
|
$ |
373,826 |
|
|
| The following table summarizes the activities for our unvested restricted stock awards for the six months ended June 30, 2021, and 2020. |
The following table summarizes the activities for our unvested restricted
stock awards for the six months ended June 30, 2021, and 2020.
| |
|
Six Months Ended June 30, |
|
| |
|
2021 |
|
2020 |
|
| |
|
Shares |
|
Weighted
Average
Grant-Date Fair Value |
|
Shares |
|
Weighted
Average
Grant-Date Fair Value |
|
| |
|
|
|
|
|
|
|
|
|
| Unvested at January 1 |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Granted |
|
1,000,000 |
|
$ |
3.01 |
|
— |
|
$ |
— |
|
| Vested |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Forfeited/canceled |
|
— |
|
$ |
— |
|
— |
|
$ |
— |
|
| Unvested at June 30 |
|
1,000,000 |
|
$ |
3.01 |
|
— |
|
$ |
— |
|
|