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STOCKHOLDERS’ EQUITY (Tables)
 6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
A summary of stock option activity under the 2011 Long-Term Incentive Plan as of June 30, 2021, and changes during the six months ended June 30, 2021, are presented below:

A summary of stock option activity under the 2011 Long-Term Incentive Plan as of June 30, 2021, and changes during the six months ended June 30, 2021, are presented below:

 

 

 

Stock Options

 

 

Weighted average

exercise price

 

 

Weighted average remaining contractual term

 

 

Aggregate intrinsic value

 

Outstanding as of January 1, 2021

 

 

440,400

 

 

$

6.58

 

 

 

5.80

 

 

$

155

 

Granted

 

 

236,667

 

 

 

3.31

 

 

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

 

 

 

 

 

 

 

 

Forfeited

 

 

(3,400

)

 

 

12.00

 

 

 

 

 

 

 

 

 

Outstanding as of June 30, 2021

 

 

673,667

 

 

$

5.41

 

 

 

6.90

 

 

$

542

 

Exercisable as of June 30, 2021

 

 

437,000

 

 

$

6.54

 

 

 

5.40

 

 

$

220