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Stock Options (Tables) | 6 Months Ended
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Jun. 30, 2020
Stock Options |
Schedule of Stock Option Activity | A summary of stock option activity under the Plan as of June 30, 2020, and changes during the six months then ended, are presented below:
|  |  |  |  |  |  | Weighted- |  |  |
|  |  |  | Weighted - |  | Average |  |  |
|  |  |  | Average |  | Remaining |  | Aggregate
|  | Number of |  | Exercise |  | Contractual Term |  | Intrinsic
|  | Options |  | Price |  | (years) |  | Value
Outstanding at January 1, 2020 |  | 6,833,303 |  | $ | 1.86 |  |  |  |  |
Granted |  | 1,050,000 |  |  | 1.37 |  |  |  |  |
Exercised |  | — |  |  | — |  |  |  |  |
Forfeited/Expired |  | (634,303) |  |  | 3.08 |  |  |  |  |
Outstanding at June 30, 2020 |  | 7,249,000 |  | $ | 1.68 |  | 7.35 |  | $ | 693,862
Exercisable at June 30, 2020 |  | 4,576,417 |  | $ | 1.93 |  | 6.33 |  | $ | 392,225
Vested and Expected to Vest at June 30, 2020 |  | 7,249,000 |  | $ | 1.68 |  | 7.35 |  | $ | 693,862
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 six months ended June 30, |
|  | 2020 |  | 2019 |
Weighted average fair value of options granted |  | $ | 0.61 |  | $ | 0.64 |
Risk-free interest rate |  |  | 0.47%-0.56% |  |  | 2.55 | %
Expected term (years) |  |  | 5-6 |  |  | 6 |
Expected volatility factor |  |  | 46.75%-50.01% |  |  | 45 | %
Expected dividends |  |  | None |  |  | None |
Summary of restricted shares under the Company's Plan | A summary of restricted shares under the Company’s Plan as of June 30, 2020 are presented below:
|  |  |  | Weighted-Average
|  |  |  | Grant Date Fair
|  | Number of Shares |  | Value
Granted |  | 75,000 |  | $ | 1.38
Vested |  | (25,000) |  |  | —
Forfeited/Expired |  | — |  |  | —
Unvested at June 30, 2020 |  | 50,000 |  | $ | 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):
|  | For the three months ended |  | For the six months ended
|  | June 30, |  | June 30,
|  | 2020 |  | 2019 |  | 2020 |  | 2019
Direct operating costs |  | $ | 39 |  | $ | 20 |  | $ | 79 |  | $ | 38
Selling and administrative expenses |  |  | 259 |  |  | 125 |  |  | 389 |  |  | 236
Total stock-based compensation |  | $ | 298 |  | $ | 145 |  | $ | 468 |  | $ | 274

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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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