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STOCK-BASED COMPENSATION PLANS (Tables)
6 Months Ended
Jun. 30, 2019
STOCK-BASED COMPENSATION PLANS  
Fair Value of Stock Options Grants

The Company used the Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions for the three and six months ended June 30, 2019. There were no stock options granted during the three and six months ended June 30, 2018.

 

 

 

 

 

 

 

 

 

For the Three Months

 

For the Six Months

 

 

 

Ended June 30, 

 

Ended June 30, 

 

 

    

2019

    

2019

 

Expected term (years)

 

6.25

 

6.25

 

Risk-free interest rate

 

2.49

%

2.59

%

Expected volatility

 

121.49

%

121.95

%

Expected dividend yield

 

 —

%

 —

%

 

Summary of Stock Option Activity Under the Option Plan

A summary of stock option activity under all equity compensation plans for the six months ended June 30, 2019, is presented below:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

 

 

Average

 

 

 

 

 

 

 

Weighted-

 

Remaining

 

Aggregate

 

 

Number of

 

Average

 

Contractual

 

Intrinsic

 

 

Shares

 

Exercise

 

Term

 

Value

 

    

(in thousands)

    

Price

    

(Years)

    

(in thousands)

Outstanding at December 31, 2018

 

1,885

 

$

0.80

 

6.3

 

$

4,085

Granted

 

415

 

$

4.53

 

  

 

 

  

Expired

 

(7)

 

$

1.00

 

 

 

 

 

Forfeited

 

(77)

 

$

2.51

 

  

 

 

  

Exercised

 

(173)

 

$

0.79

 

  

 

 

  

Outstanding at June 30, 2019

 

2,043

 

$

1.49

 

6.5

 

$

15,326

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 30, 2019

 

1,216

 

$

0.40

 

4.8

 

$

10,449

 

Restricted Stock Award Activity Under all Equity Compensation Plans

A summary of restricted stock award activity under all equity compensation plans for the six months ended June 30, 2019, is presented below:

 

 

 

 

 

 

Number of

 

 

Shares

 

    

(in thousands)

Granted but not vested at December 31, 2018

 

76

Granted

 

10

Forfeited

 

 —

Vested

 

(15)

Granted but not vested at June 30, 2019

 

71