Share-Based Compensation	6 Months Ended
Jun. 30, 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). As of the effective date of the 2019 Plan, the previous plan had 352,282 options outstanding 2019 Plan 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. Effective June 1, 2021, the 2019 Plan was amended to increase the number of shares authorized to be issued from 1,000,000 shares to 2,000,000. As of June 30, 2021, 1,168,664 shares were available for future grants. There were no options or stock awards issued during the six months ended June 30, 2021. Share-based compensation expense for the three months ended June 30, 2021 and 2020 was $7,992 and $1,111,272, respectively, and for the six months ended June 30, 2021 and 2020 was $31,970 and $1,111,172, respectively. As of June 30, 2021, there were 961,653 options outstanding, all of which 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.

Share-Based Compensation

6 Months Ended

Jun. 30, 2021

(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). As of the effective date of the 2019 Plan, the previous plan had 352,282 options outstanding 2019 Plan 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. Effective June 1, 2021, the 2019 Plan was amended to increase the number of shares authorized to be issued from 1,000,000 shares to 2,000,000. As of June 30, 2021, 1,168,664 shares were available for future grants.

There were no options or stock awards issued during the six months ended June 30, 2021. Share-based compensation expense for the three months ended June 30, 2021 and 2020 was $7,992 and $1,111,272, respectively, and for the six months ended June 30, 2021 and 2020 was $31,970 and $1,111,172, respectively. As of June 30, 2021, there were 961,653 options outstanding, all of which 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.