STOCK-BASED COMPENSATION	9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]
STOCK-BASED COMPENSATION	6. STOCK-BASED COMPENSATION The Company accounts for stock-based compensation based on the fair value of the stock or stock-based instrument on the date of grant. In August 2020, the Company granted 2,617 RSUs (Restricted Stock Units) to one of its board members as partial compensation for the 2020 year. RSUs vest quarterly on a straight-line basis over a one-year period. For the nine months ended September 30, 2020, approximately $17,600 of non-cash compensation expense related to the RSU grants to the board member. There were no similar grants in Q3 2019. In August 2020, the Company granted 84,383 shares of common stock to various employees. In the event that any of these employees voluntarily terminates their employment prior to certain dates, portions of the shares may be forfeited. In addition, if certain Company performance criteria are not achieved, portions of these shares may be forfeited. These shares will be expensed during various periods through March 2024 based upon the service and performance thresholds. For the nine months ended September 30, 2020, approximately $46,300 of compensation expense is included in selling, general and administrative expenses and approximately $14,800 of compensation expense is included in cost of sales for this grant. There were no similar grants in Q3 2019. In August 2020, the Company granted 9,346 shares of common stock to an employee. The shares will be fully vested August 26, 2021. In the event that this employee voluntarily terminates his employment prior to vesting the shares will be forfeited. For the nine months ended September 30, 2020, approximately $6,400 of compensation expense is included in selling, general and administrative expenses for this grant. There were no similar grants in Q3 2019. In August 2020, 8,301, 6,591, 6,969 and 9,806 of the shares granted in 2016, 2017, 2018 and 2019, respectively, were forfeited because the Company failed to achieve certain performance criteria for the year ended December 31, 2019. In addition, on August 26, 2020, these employees returned 12,495 common shares, valued at approximately $40,100, to pay the employees’ withholding taxes.

STOCK-BASED COMPENSATION

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

6. STOCK-BASED COMPENSATION

The Company accounts for stock-based compensation based on the fair value of the stock or stock-based instrument on the date of grant.

In August 2020, the Company granted 2,617 RSUs (Restricted Stock Units) to one of its board members as partial compensation for the 2020 year. RSUs vest quarterly on a straight-line basis over a one-year period. For the nine months ended September 30, 2020, approximately $17,600 of non-cash compensation expense related to the RSU grants to the board member. There were no similar grants in Q3 2019.

In August 2020, the Company granted 84,383 shares of common stock to various employees. In the event that any of these employees voluntarily terminates their employment prior to certain dates, portions of the shares may be forfeited. In addition, if certain Company performance criteria are not achieved, portions of these shares may be forfeited. These shares will be expensed during various periods through March 2024 based upon the service and performance thresholds. For the nine months ended September 30, 2020, approximately $46,300 of compensation expense is included in selling, general and administrative expenses and approximately $14,800 of compensation expense is included in cost of sales for this grant. There were no similar grants in Q3 2019.

In August 2020, the Company granted 9,346 shares of common stock to an employee. The shares will be fully vested August 26, 2021. In the event that this employee voluntarily terminates his employment prior to vesting the shares will be forfeited. For the nine months ended September 30, 2020, approximately $6,400 of compensation expense is included in selling, general and administrative expenses for this grant. There were no similar grants in Q3 2019.

In August 2020, 8,301, 6,591, 6,969 and 9,806 of the shares granted in 2016, 2017, 2018 and 2019, respectively, were forfeited because the Company failed to achieve certain performance criteria for the year ended December 31, 2019. In addition, on August 26, 2020, these employees returned 12,495 common shares, valued at approximately $40,100, to pay the employees’ withholding taxes.