Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2019

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Company's Stock Option Activity

A summary of the Company’s stock option activity for the Current Year is as follows:


				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
	Number of	Exercise		Life	Intrinsic
	Options	Price		(in Years)	Value
Outstanding at January 1, 2019	3,257,875	$	5.44	3.19	$	—
Granted	4,263,000		1.84
Canceled	—		—
Exercised	(7,500)		1.73
Expired/Forfeited	(290,750)		5.08
Outstanding at December 31, 2019, and expected to vest	7,222,625	$	3.33	5.82	$	—
Exercisable at December 31, 2019	2,671,125	$	5.11	1.95	$	—

Schedule of Black-Scholes Assumptions for Fair Value of Options Granted

The fair value of the options granted was estimated at the date of grant using the Black-Scholes option pricing model with the following assumptions:


	Year Ended December 31,
	2019		2018
Expected Volatility	20.69 – 26.21		20.91 – 29.65
Expected Dividend Yield	—	%	—	%
Expected Life (Term, in years)	2.5 – 3.5		2.5 – 3.5
Risk-Free Interest Rate	1.51 – 2.48	%	2.33 – 2.96	%

Schedule of Non-vested Stock Options Activity

The following table summarizes the Company’s stock option activity for non-vested options for the current year:


		Weighted
		Average
	Number of	Grant Date
	Options	Fair Value
Balance at January 1, 2019	1,481,079	$	1.23
Granted	4,263,000		0.03
Vested	(1,124,914)		0.94
Forfeited or Canceled	(67,665)		0.99
Balance at December 31, 2019	4,551,500	$	0.18

Schedule of Restricted Stock Activity

A summary of the Company’s restricted stock activity for the Current Year is as follows:


		Weighted
	Number of	Average
	Restricted	Grant Date
	Shares	Fair Value
Outstanding at January 1, 2019	1,460,210	$	4.82
Granted	60,000		1.70
Canceled	—		—
Vested	(289,587)		6.26
Expired/Forfeited	—		—
Outstanding at December 31, 2019	1,230,623	$	4.33

Schedule of Restricted Stock Purchased and Retired by the Company

The following table provides information with respect to restricted stock purchased and retired by the Company during the Current Year and Prior Year.


				Number of
				Shares
				Purchased as
				Part of
	Total Number	Actual		Publicly	Fair value of
	of Shares	Price Paid		Announced	Re-Purchased
Date	Purchased	per Share		Plan	Shares
September 30, 2019 (i)	18,147	$	1.34	—	$	25,000
October 31, 2019 (i)	29,189		1.75	—		51,000
November 30, 2019 (i)	57,980		1.45	—		84,000
December 31, 2019 (i)	9,846		1.45	—		14,000
Total 2019	115,162	$	1.51	—	$	174,000

March 31, 2018 (i)	43,638	$	3.25	—	$	142,000
April 30, 2018 (i)	181,486		3.09	—		560,000
May 31, 2018 (i)	107		2.80	—		—
November 30, 2018 (i)	145,920		2.27	—		331,000
Total 2018	371,151	$	2.79	—	$	1,033,000

(i)

The shares were exchanged from employees and directors in connection with the income tax withholding obligations on behalf of such employees and directors from the vesting of restricted stock.

Warrant [Member]

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of Company's Stock Option Activity

A summary of the Company’s warrant activity for the Current Year is as follows:


				Weighted
				Average
		Weighted		Remaining
		Average		Contractual	Aggregate
	Number of	Exercise		Life	Intrinsic
	Warrants	Price		(in Years)	Value
Outstanding and exercisable at January 1, 2019	1,214,815	$	9.32	1.66	$	—
Granted	115,000		3.17
Canceled	—		—
Exercised	—		—
Expired/Forfeited	(750,000)		12.00
Outstanding and exercisable at December 31, 2019	579,815	$	4.63	2.32	$	—