XML 30 R17.htm IDEA: XBRL DOCUMENT v3.24.3
Stock-Based Compensation Plan
 9 Months Ended
Sep. 30, 2024
Stock-Based Compensation Plan [Abstract]  
STOCK-BASED COMPENSATION PLAN

11. 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 124,626. 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 for the nine months ended September 30, 2024:

 

   Number of
Shares		   Average
Exercise
Price
per Share		   Weighted
Average
Remaining
Contractual
Term in
Years		 
Outstanding as of January 1, 2024   500   $16.1    3.32 
Exercisable as of January 1, 2024   500   $16.1    3.32 
Granted   
-
    
-
    
-
 
Exercised   
-
    
-
    
-
 
Forfeited   
-
    
-
    
-
 
Outstanding as of September 30, 2024   500   $16.1    2.57 
Exercisable as of September 30, 2024   500   $16.1    2.57