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Mezzanine and Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2020
Stockholders' Equity Note [Abstract] |
Stock Option Transactions Under Stock Option Plans | The Company’s outstanding stock options consisted of the following:
| Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (in thousands)
Options outstanding at January 1, 2020 | 607,346 |  |  | $ | 9.22 |  |  | 3.42 |  |  | $ | 5,600 |
Options granted | 11,742 |  |  | 18.41 |  |  | — |  |  | — |
Options exercised | (100,000 | ) |  | 2.10 |  |  | — |  |  | 1,600 |
Options forfeited | (12,228 | ) |  | 17.57 |  |  | — |  |  | — |
Options outstanding at March 31, 2020 | 506,860 |  |  | $ | 10.63 |  |  | 3.31 |  |  | $ | 2,000 |
Options exercisable at March 31, 2020 | 375,960 |  |  | $ | 6.25 |  |  | 2.11 |  |  | $ | 2,000 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | During the three months ended March 31, 2020, the Company granted 11,742 five-year stock options to certain ApolloMed board members with an exercise price of $18.41, which were recognized at fair value, as determined using the Black-Scholes option pricing model and the following assumptions:
March 31, 2020 | Board Members
Expected term | 3.0 years |
Expected volatility | 90.01 | %
Risk-free interest rate | 1.43 | %
Market value of common stock | $ | 10.56 |
Annual dividend yield | — | %
Forfeiture rate | — | %
Schedule of Outstanding Warrants | The Company’s outstanding warrants consisted of the following:
| Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term (Years) |  | Aggregate Intrinsic Value (in thousands)
Warrants outstanding at January 1, 2020 | 3,154,590 |  |  | $ | 9.96 |  |  | 2.01 |  |  | $ | 26,700 |
Warrants granted | — |  |  | — |  |  | — |  |  | — |
Warrants exercised | (51,601 | ) |  | 9.50 |  |  | — |  |  | 400 |
Warrants expired/forfeited | — |  |  | — |  |  | — |  |  | — |
Warrants outstanding at March 31, 2020 | 3,102,989 |  |  | $ | 9.97 |  |  | 1.78 |  |  | $ | 9,200 |
Exercise Price Per Share |  | Warrants Outstanding |  | Weighted Average Remaining Contractual Life |  | Warrants Exercisable |  | Weighted Average Exercise Price Per Share
$ | 9.00 |  |  | 919,048 |  |  | 0.54 |  | 919,048 |  |  | $ | 9.00 |
10.00 |  |  | 1,367,451 |  |  | 2.06 |  | 1,367,451 |  |  | 10.00 |
11.00 |  |  | 816,490 |  |  | 2.69 |  | 816,490 |  |  | 11.00 |
$ 9.00 –11.00 |  |  | 3,102,989 |  |  | 1.78 |  | 3,102,989 |  |  | $ | 9.97 |

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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=109197908&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=109197908&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=109197908&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=109197908&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=109197908&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 235 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.4-08(i)) -URI http://asc.fasb.org/extlink&oid=26873400&loc=d3e23780-122690 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=68057994&loc=d3e25284-112666 + Details
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