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EQUITY AND STOCK COMPENSATION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2019
EQUITY AND STOCK COMPENSATION PLANS |
Schedule of stock-based employee compensation expense included in unaudited consolidated statements of comprehensive income |
|  | Years ended
|  | December 31,
|  | 2019 |  | 2018
Cost of services |  | $ | 18 |  | $ | 25
Research and development |  |  | 117 |  |  | 101
Selling and marketing |  |  | 57 |  |  | 13
General and administrative |  |  | 500 |  |  | 441
Stock-based compensation expense |  | $ | 692 |  | $ | 580
Schedule of specific assumptions used to determine the fair value of options granted using the black scholes model | :
|  | Year Ended |
|  | December 31, 2019 |
Expected term (1) |  | 6.08-6.18 years |
Expected volatility factor (2) |  | 35-46 | %
Risk-free interest rate (3) |  | 1.51-1.66 | %
Expected annual dividend yield |  | n/a |
| (1) |  | The expected term for each grant was determined based on the simplified method.
| (2) |  | The expected volatility for each grant is estimated based on an average of historical volatility over the expected term of the stock options.
| (3) |  | The risk-free interest rate for each grant is based on the U.S. Treasury yield curve in effect at the time of grant for a period equal to the expected term of the stock option.
Schedule of the summary of stock option transactions for one fixed stock option plans |
|  | 2019 |  | 2018
|  |  |  | Weighted |  |  |  | Weighted
|  |  |  | Average |  |  |  | Average
|  |  |  | Exercise |  |  |  | Exercise
|  | Shares |  | Price |  | Shares |  | Price
Outstanding at beginning of year |  | 18,000 |  | $ | 2.52 |  | 28,000 |  | $ | 2.97
Granted |  | 435,000 |  | $ | 6.00 |  | — |  |  | —
Exercised |  | 18,000 |  | $ | 2.52 |  | — |  |  | —
Forfeited or cancelled |  | — |  |  | — |  | (10,000) |  |  | 3.77
Outstanding at end of year |  | 435,000 |  | $ | 6.00 |  | 18,000 |  | $ | 2.52
Exercisable at year end |  | 16,248 |  | $ | 6.00 |  | 18,000 |  | $ | 2.52
Schedule of the summary of stock options outstanding | The following table summarizes the stock options outstanding at December 31, 2019:
|  | Options Outstanding |  | Options Exercisable
|  |  |  | Weighted |  | Weighted Average |  |  |  | Weighted
|  |  |  | Average |  | Remaining |  |  |  | Average
Exercise Price |  |  |  | Exercise |  | Contractual |  |  |  | Exercise
Range |  | Number |  | Price |  | Term (in years) |  | Number |  | Price
$4 to $5 |  | 108,750 |  | $ | 4.50 |  | 9.7585 |  | 4,062 |  | $ | 4.50
$5 to $6 |  | 108,750 |  | $ | 5.50 |  | 9.7585 |  | 4,062 |  | $ | 5.50
$6 to $7 |  | 108,750 |  | $ | 6.50 |  | 9.7585 |  | 4,062 |  | $ | 6.50
$7 to $8 |  | 108,750 |  | $ | 7.50 |  | 9.7585 |  | 4,062 |  | $ | 7.50
|  | 435,000 |  | $ | 6.00 |  | 9.7585 |  | 16,248 |  | $ | 6.00

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