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Stock Options (Tables) | 9 Months Ended
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Sep. 30, 2019
Stock Options |
Schedule of Stock Option Activity | A summary of stock option activity under the Plan as of September 30, 2019, and changes during the nine months then ended, are presented below:
|  |  |  |  |  |  | - |  |  |
|  |  |  | Weighted - |  | Average |  |  |
|  |  |  | Average |  | Remaining |  | Aggregate
|  | Number of |  | Exercise |  | Contractual Term |  | Intrinsic
|  | Options |  | Price |  | (years) |  | Value
Outstanding at January 1, 2019 |  | 4,982,040 |  | $ | 2.14 |  |  |  |  |
Granted |  | 2,112,500 |  |  | 1.25 |  |  |  |  |
Exercised |  | — |  |  |  |  |  |  |  |
Forfeited/Expired |  | (214,237) |  |  | 2.46 |  |  |  |  |
Outstanding at September 30, 2019 |  | 6,880,303 |  | $ | 1.86 |  | 7.11 |  | $ | 591,955
Exercisable at September 30, 2019 |  | 4,067,655 |  | $ | 2.31 |  | 5.53 |  | $ | 234,016
Vested and Expected to Vest at September 30, 2019 |  | 6,880,303 |  | $ | 1.86 |  | 7.11 |  | $ | 591,955
Schedule of weighted average assumptions | The fair value of stock options is estimated on the date of grant using the Black-Scholes option pricing model. The weighted-average fair value of the options granted and weighted average assumptions were as follows:
|  | For the Nine Months Ended September 30, |
|  | 2019 |  | 2018 |
Weighted-average fair value of options granted |  | $ | 0.56 |  | $ | 0.54 |
Risk-free interest rate |  |  | 1.7% - 2.6 | % |  | 2.77 | %
Expected life (years) |  |  | 5 - 6 |  |  | 5 - 6 |
Expected volatility factor |  |  | 45 - 46 | % |  | 49 | %
Expected dividends |  |  | — |  |  | — |
Summary of restricted shares under the Company's Plan | A summary of restricted shares under the Company’s Plan as of September 30, 2019 are presented below:
|  |  |  | Weighted-Average
|  |  |  | Grant Date Fair
|  | Number of Shares |  | Value
Granted |  | 75,000 |  | $ | 1.38
Vested |  | — |  |  | —
Forfeited/Expired |  | — |  |  | —
Unvested at September 30, 2019 |  | 75,000 |  | $ | 1.38
Schedule of Stock-Based Compensation Expense | The stock-based compensation expense related to the Company’s various stock awards was allocated as follows (in thousands):
|  | Three months ended |  | Nine months ended
|  | September 30, |  | September 30,
|  | 2019 |  | 2018 |  | 2019 |  | 2018
Direct operating costs |  | $ | 34 |  | $ | 62 |  | $ | 72 |  | $ | 171
Selling and administrative expenses |  |  | 317 |  |  | 206 |  |  | 552 |  |  | 368
Total stock-based compensation |  | $ | 351 |  | $ | 268 |  | $ | 624 |  | $ | 539

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=116856206&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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