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SHAREHOLDERS' EQUITY (Tables)

12 Months Ended

Dec. 31, 2019

SHAREHOLDERS' EQUITY

Summary of the stock option activity and related information

The following is a summary of the Company’s stock option activity and related information for the year ended December 31, 2019:

							Weighted
							average
				Weighted			remaining
				average			contractual		Aggregate
		Amount		exercise			term (in		intrinsic
		of options		price			years)		value
Options outstanding at beginning of year		1,852,661		$	5.38		3.9		$	8,354
Changes during the year:
Granted		210,500		$	12.95
Exercised		(695,255)		$	4.43
Forfeited		(26,833)		$	7.09
Options outstanding at end of year		1,341,073		$	7.03		3.9		$	25,021
Options exercisable at end of year		773,983		$	5.59		2.8		$	15,560

Summary of the RSU activity and related information

The following is a summary of the Company’s RSU activity and related information for the year ended December 31, 2019:

				Weighted
		Number of		average grant
		shares		date fair value
RSUs outstanding at beginning of year		930,596		$	7.47
Changes during the year:
Granted		403,198		$	15.92
Vested		(337,500)		$	7.18
Forfeited		(19,125)		$	10.43
RSUs outstanding at end of year		977,169		$	11.00

Summary of warrants issued to non-employees

The following is a summary of warrants issued to non-employees for the year ended December 31, 2019:

					Weighted
					average
		Number of shares		exercise price
Warrants outstanding at beginning of year		5,000		$	5.00
Changes during the year:
Exercised		(5,000)		$	5.00
Warrants outstanding and exercisable at end of year		—		$	0.00

Schedule of options for employees outstanding have been separated into ranges of exercise prices

The options for employees outstanding as of December 31, 2019, have been separated into ranges of exercise prices, as follows:

			Number of		Weighted					Number of
			options		average					options		Weighted
			outstanding		remaining		Weighted			exercisable		average
Range of			as of		contractual		average			as of		exercise price
exercise			December 31,		life (in		exercise			December 31,		of exercisable
price			2019		years)		price			2019		options
$	3.40-4.03		230,900		2.93		$	3.87		198,400		$	3.85
$	4.14-5.80		350,633		2.42		$	4.84		264,633		$	4.91
$	6.25-8.17		469,390		3.92		$	7.06		277,025		$	6.86
$	9.69-19.30		290,150		6.30		$	12.15		33,925		$	10.56
			1,341,073		3.87		$	7.03		773,983		$	5.59

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Tabular disclosure of share based compensation options outstanding.

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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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