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STOCKHOLDERS' EQUITY
 6 Months Ended
Jun. 30, 2020
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY

13. STOCKHOLDERS’ EQUITY

 

Common Stock

 

The Company had 8,726,045 shares of common stock, $0.001 par value per share, outstanding as of June 30, 2020 and December 31, 2019.

 

Stock-Based Compensation

 

A summary of stock option activity under the 2011 Long-Term Incentive Plan as of June 30, 2020, and changes during the six months ended June 30, 2020, are presented below:

 

    Stock
Options		     Weighted average
exercise price		     Weighted
average remaining
contractual term		     Aggregate
intrinsic value		  
Outstanding as of January 1, 2020       379,800     $ 7.54       6.1     $ 22  
Granted       70,000       1.68                  
Exercised       —       —                  
Forfeited       (2,000 )     15.05                  
Outstanding as of June 30, 2020       447,800     $ 6.59       6.30     $ 6  
Exercisable as of June 30, 2020       377,800     $ 7.50       5.60     $ —  

 

As of June 30, 2020, there were 225,867 shares available for future grants under the Company’s 2011 Long-Term Incentive Plan.

 

Stock-based compensation expense recorded for the three and six months ended June 30, 2020 and 2019 was insignificant. As of June 30, 2020, the Company had total stock-based compensation expense remaining to be recognized in the consolidated statements of operations of approximately $1.