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Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Summary of Stock Options Outstanding

Activity in the various Plans during the six months ended June 30, 2020:

 

Options  

Number of

Shares

   

Weighted

Average

Exercise Price

 
Outstanding at December 31, 2019     589,125     $ 3.74  
Granted            
Exercised     (1,875 )     4.16  
Forfeited     (3,937 )     (12.14 )
Outstanding at June 30, 2020     583,313     $ 3.69  
Exercisable at June 30, 2020     583,313     $ 3.69  
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, 2020:

 

      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       470,313     7.9 years     470,313       7.9 years  
$ 3.50 to $4.99       64,000     3.8 years     64,000       3.8 years  
$ 5.00 to $6.49           — years           — years  
$ 6.50 to $7.99       7,250     1.3 years     7,250       1.3 years  
$ 8.00 to $9.99       2,500     0.9 years     2,500       0.9 years  
$ 10.00 to $19.99       39,250     0.5 years     39,250       0.5 years  
                                 
          583,313     6.8 years     583,313       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, 2020 is as follows:

 

   

Number of

Restricted

shares

   

Weighted

average

grant date

fair

value

 
Nonvested balance, January 1, 2020     514,875     $ 2.97  
Granted     665,500       1.05  
Vested     (410,375 )     (2.14 )
Forfeited     (35,250 )     (1.84 )
Nonvested balance, June 30, 2020     734,750     $ 1.75  
Schedule of Non-vested Balance of Restricted Stock

The nonvested balance of restricted stock vests as follows:

 

Years ended  

Number of

shares

 
       
2020 (April 1, 2020 through December 31, 2020)     13,125  
2021     480,250  
2022     241,375