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Stock-Based Compensation Plan
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION PLAN

19. STOCK-BASED COMPENSATION PLAN

 

Options to Employees and Directors

  

On June 19, 2015, the stockholders of the Company approved the China Recycling Energy Corporation Omnibus Equity Plan (the "Plan") at its annual meeting. The total shares of common stock authorized for issuance during the term of the Plan is 12,462,605 (prior to the 10:1 Reverse Stock Split). The Plan was effective immediately upon its adoption by the Board of Directors on April 24, 2015, subject to stockholder approval, and will terminate on the earliest to occur of (i) the 10th anniversary of the Plan's effective date, or (ii) the date on which all shares available for issuance under the Plan shall have been issued as fully-vested shares. The stockholders approved the Plan at their annual meeting on June 19, 2015.

  

The following table summarizes option activity with respect to employees and independent directors, and the number of options reflects the 10:1 Reverse Stock Split effective May 25, 2016:

  

   Number of
Shares		   Average
Exercise Price
per Share		   Weighted
Average
Remaining
Contractual
Term in Years		 
             
Outstanding at December 31, 2018   9,000   $5.4    5.41 
Exercisable at December 31, 2018   9,000   $5.4    5.41 
Granted   -    -    - 
Exercised   -    -    - 
Forfeited   -    -    - 
Outstanding at September 30, 2019   9,000   $5.4    4.66 
Exercisable at September 30, 2019   9,000   $5.4    4.66