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11. Subsequent Events
6 Months Ended
Jun. 30, 2020
Subsequent Events [Abstract]  
Subsequent Events

In July 2020, we issued 8,874 shares of restricted common stock pursuant to the 2019 Plan valued at approximately $55,000 to certain members of our Board of Directors for their services in lieu of cash compensation. Of these 8,874 shares, 7,396 shares vest equally over the following three months, and the remaining 1,478 shares vest on the second anniversary of the date of grant. Also in July 2020, we issued 6,468 shares of restricted common stock pursuant to our share purchase match program valued at approximately $40,000. 

 

Effective July 2020, our Board of Directors authorized a one-year repurchase plan for up to 1 million shares of our common stock. Through August 10, 2020, we have repurchased 1,922 shares of common stock at an aggregate price of approximately $12,000, resulting in an average share price of $6.20 per share. These shares will be held in treasury.