XML 30 R17.htm IDEA: XBRL DOCUMENT v3.21.1
Share-Based Compensation
3 Months Ended
Mar. 31, 2021
Share-Based Compensation  
Share-Based Compensation

(10) Share-Based Compensation

Effective upon the closing of the Company’s IPO on January 31, 2020, the Company’s 2019 Equity Incentive Plan (the “2019 Plan”) became effective, succeeding the Company’s previous plan (see Note 1). The previous plan had 352,282 options outstanding as of the effective date of the 2019 Plan. Under the 2019 Plan, 1,000,000 additional shares are authorized to be issued, and no new awards may be issued under the previous plan, although shares subject to grants which are cancelled or forfeited will again be available under the 2019 Plan. As of March 31, 2021, 168,664 shares were available for future grants.

There were no options or stock awards issued during the three months ended March 31, 2021 and 2020. Share‑based compensation expense for the three months ended March 31, 2021 and 2020 was $23,977 and $0, respectively.  As of March 31, 2021, there were 1,107,598 options outstanding, of which 1,057,598 were vested and exercisable.  As of December 31, 2020, there were 1,111,466 options outstanding, of which 1,061,466 were vested and exercisable.