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Employee Stock Compensation Plans (Tables)
12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Stock option grant assumptions
Grant Date   4/2/20 (1)     1/24/19 (1)  
Option – grant date price   $ 0.20     $ 0.28  
Options granted     1,325,000       150,000  
Expected life years     5.0       5.0  
Expected volatility     67 %     64 %
Risk free interest rate     0.4 %     2.4 %
Weighted average fair value   $ 0.11     $ 0.16  
Grant date fair value   $ 145,000     $ 23,000  

 

(1) Option grants have a five-year term, and vest 25% on date of grant and 25% on each of the next three anniversary dates.

 

Stock option activity
    2020     2019  
          Weighted                 Weighted        
          Average     Aggregate           Average     Aggregate  
    RSUs/     Exercise     Intrinsic     RSUs/     Exercise     Intrinsic  
    Options     Price     Value (1)     Options     Price     Value (2)  
                                     
Outstanding, beginning of year     4,373,000     $ 0.58               5,223,160     $ 0.76          
Granted     1,325,000     $ 0.20               150,000     $ 0.28          
Exercised     -       -               -       -          
Expired     -       -               (1,000,160 )   $ 1.47          
Forfeited     (140,000 )   $ 0.77               -       -          
Outstanding, end of year     5,558,000     $ 0.48     $ 925,000       4,373,000     $ 0.58     $ 3,000  
Exercisable, end of year     4,083,500     $ 0.57     $ 446,000       2,774,000     $ 0.63     $ 840  

 

(1) Intrinsic value based upon December 31, 2020 price of a share of Solitario common stock as quoted on the NYSE American exchange of $0.56 per share.

(2) Intrinsic value based upon December 31, 2019 price of a share of Solitario common stock as quoted on the NYSE American exchange of $0.30 per share.