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Restricted Stock, Stock Options and Other Stock Plans (Tables)
12 Months Ended
Dec. 31, 2019
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Summary of Assumptions Used to Calculate Fair Value of Options

The following table summarizes the assumptions used to calculate the fair value of options during 2019 and 2018.

 

 

 

2019

 

 

2018

 

Weighted average fair value of options granted

 

$

1.65

 

 

$

1.80

 

Dividend yields

 

 

 

 

 

 

Expected volatility

 

82.03%-82.32%

 

 

72.21%-83.47%

 

Weighted average expected volatility

 

82.27%

 

 

81.76%

 

Weighted average risk-free interest rates

 

2.15%

 

 

2.74%

 

Weighted average expected term (in years)

 

 

8

 

 

 

6

 

Summary Information about Stock Option Activity

The following table summarizes information about stock option activity:

 

 

 

Shares

 

 

Weighted

Average

Exercise Price

 

 

Weighted-Average

Remaining

Contractual Term

 

 

Aggregate

Intrinsic

Value

 

Outstanding at January 1, 2018

 

 

436

 

 

$

3.25

 

 

$

8.50

 

 

 

-

 

Granted

 

 

84

 

 

 

2.90

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or Expired

 

 

(102

)

 

 

2.28

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2018

 

 

418

 

 

$

3.42

 

 

 

7.67

 

 

 

9

 

Granted

 

 

104

 

 

 

1.89

 

 

 

 

 

 

 

 

 

Exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Forfeited or Expired

 

 

(7

)

 

 

12.01

 

 

 

 

 

 

 

 

 

Outstanding at December 31, 2019

 

 

515

 

 

$

2.96

 

 

 

7.24

 

 

$

60

 

Exercisable at December 31, 2019

 

 

221

 

 

$

4.09

 

 

 

4.46

 

 

$

22

 

Summary of Company's Restricted Share Activity

A summary of the Company’s restricted share activity is presented below:

 

 

 

Shares

 

 

Weighted

Average

Grant Date

Fair Value

 

Restricted nonvested at January 1, 2018

 

 

243

 

 

$

2.16

 

Granted

 

 

-

 

 

 

-

 

Vested

 

 

(68

)

 

 

2.13

 

Forfeited or Expired

 

 

(37

)

 

 

2.11

 

Outstanding at December 31, 2018

 

 

138

 

 

$

2.18

 

Granted

 

 

254

 

 

 

2.33

 

Vested

 

 

(46

)

 

 

2.18

 

Forfeited or Expired

 

 

 

 

 

 

Nonvested at December 31, 2019

 

 

346

 

 

$

2.29