XML 28 R17.htm IDEA: XBRL DOCUMENT v3.21.2
STOCKHOLDERS’ EQUITY
 9 Months Ended
Sep. 30, 2021
Equity [Abstract]  
STOCKHOLDERS’ EQUITY

10. STOCKHOLDERS’ EQUITY

 

Common Stock

 

The Company had 8,726,045 shares of common stock, $0.001 par value per share, outstanding as of September 30, 2021 and December 31, 2020.

 

Stock-Based Compensation

 

A summary of stock option activity under the 2011 Long-Term Incentive Plan as of September 30, 2021, and changes during the nine months ended September 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 September 30, 2021   673,667   $5.41    6.70   $117 
Exercisable as of September 30, 2021   437,000   $6.54    5.10   $115 

 

As of September 30, 2021, there were no shares available for future grants under the Company’s 2011 Long-Term Incentive Plan.

 

Stock-based compensation expense recorded for the three and nine months ended September 30, 2021 was approximately $58 and $129, respectively, as compared to an insignificant amount of stock-based compensation expense during the three and nine months ended September 30, 2020. At September 30, 2021, the Company had total stock-based compensation expense remaining to be recognized in the consolidated statements of operations of approximately $134.

 

The Company’s 2011 Long-Term Incentive Plan expired during the second quarter of 2021 and there was no plan in effect at September 30, 2021.