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Stockholders' Equity (Tables)

12 Months Ended

Dec. 31, 2020

Stockholders' Equity Note [Abstract]

Summary of 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, 2020		7,222,625		$	3.33		5.82		$	—
Granted		531,250			1.40
Canceled		—			—
Exercised		—			—
Expired/Forfeited		(574,500)			3.94
Outstanding at December 31, 2020, and expected to vest		7,179,375		$	3.14		4.93		$	—
Exercisable at December 31, 2020		3,063,208		$	4.91		1.22		$	—

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,
		2020		2019
Expected Volatility		24.26 – 28.79		20.69 – 26.21
Expected Dividend Yield		—	%	—	%
Expected Life (Term, in years)		2.5 – 3.5		2.5 – 3.5
Risk-Free Interest Rate		0.16 – 1.60	%	1.51 – 2.48	%

Summary of Stock Option Activity for Non-Vested Options

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, 2020		4,551,500		$	0.18
Granted		531,250			0.14
Vested		(444,083)			0.58
Forfeited or Canceled		(522,500)			0.65
Balance at December 31, 2020		4,116,167		$	0.08

Summary of Warrant 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, 2020		579,815		$	4.63		2.32		$	—
Granted		—			—
Canceled		—			—
Exercised		—			—
Expired/Forfeited		—			—
Outstanding and exercisable at December 31, 2020		579,815		$	4.63		1.32		$	—

Summary 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, 2020		1,230,623		$	4.33
Granted		639,728			0.82
Canceled		—			—
Vested		(1,089,518)			2.43
Expired/Forfeited		—			—
Outstanding at December 31, 2020		780,833		$	4.09

Schedule Of Common Stock Repurchased

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
March 30, 2020 (i)		155,556		$	0.65		—		$	102,000
May 20, 2020 (i)		87,249			0.98		—			85,000
December 24, 2020 (i)		2,478			1.14		—			3,000
Total 2020		245,283		$	0.77		—		$	190,000
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

(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.

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- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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