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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2019
Share-based Payment Arrangement [Abstract]  
Summary of Stock Options Outstanding

Activity in the various Plans during the six months ended June 30, 2019 is reflected in the following table:

 

Options   Number of
Shares
    Weighted
Average
Exercise Price
 
Outstanding at January 1, 2019     434,012     $ 4.62  
Granted     180,000       3.01  
Exercised            
Forfeited     (17,937 )     (12.43 )
Outstanding at June 30, 2019     596,075     $ 3.90  
Exercisable at June 30, 2019     416,075     $ 4.28  
Shares Authorized Under Stock Option Plans by Exercise Price Range

The following table summarizes the range of exercise prices and weighted average remaining contractual life for outstanding and exercisable options under the Company’s option plans as of June 30, 2019:

 

      Outstanding options   Exercisable options  
Exercise price
range
    Number of
options
    Weighted average
remaining
contractual life
  Number of
options
    Weighted average
remaining
contractual life
 
                         
$ 0.01 to $3.49       471,625     8.9 years     291,625       8.2 years  
$ 3.50 to $4.99       67,625     4.8 years     67,625       4.8 years  
$ 5.00 to $6.49           —years           —years  
$ 6.50 to $7.99       8,875     2.3 years     8,875       2.3 years  
$ 8.00 to $9.99       2,500     1.9 years     2,500       1.9 years  
$ 10.00 to $19.99       39,825     1.5 years     39,825       1.5 years  
$ 20.00 to $24.99       5,625     0.2 years     5,625       0.2 years  
                                 
          596,075     7.7 years     416,075       6.8 years  
Summary of Restricted Stock Activity

A summary of all restricted stock activity under the equity compensation plans for the six months ended June 30, 2019 is as follows:

 

    Number of
Restricted
shares
    Weighted
average
grant date
fair
value
 
Nonvested balance, January 1, 2019     772,150     $ 3.40  
Granted     522,110       2.91  
Vested     (397,790 )     (3.84 )
Forfeited     (2,500 )     (2.30 )
Nonvested balance, June 30, 2019     893,970     $ 2.92  
Schedule of Non-vested Balance of Restricted Stock

The nonvested balance of restricted stock vests as follows:

 

Years ended   Number of
shares
 
       
2019 (July 1, 2019 to December 31, 2019)     377,525  
2020     265,785  
2021     250,660