Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.3.a.u2
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2019
Equity [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The Company has computed the fair value of all options granted using the Black-Scholes-Merton model during the years ended December 31, 2019 and 2018, using the following assumptions:
Year Ended December 31,
2019 2018
Expected volatility 35% to 55% 35%   
Expected dividends None    None   
Expected term (years) 7 7
Risk-free rate 1.89% to 2.61% 2.53% to 2.90%
Forfeiture rate 20%    20%   
Share-based Compensation, Stock Options, Activity
The information below summarizes the stock options:
Number of
Shares
Weighted
Average
Exercise
Price
Weighted
Average
Remaining
Contractual Life
Outstanding at December 31, 2017 1,003,916    $ 4.18    8.1
Granted at market price 145,792    7.00   
Exercised (95,162)   3.48   
Cancelled (67,855)   3.37   
Outstanding at December 31, 2018 986,691    $ 4.72    6.8
Granted at market price 65,759    12.31   
Exercised (103,205)   5.28   
Cancelled —    —   
Outstanding at December 31, 2019 949,245    $ 5.19    6.5
Exercisable at December 31, 2019 592,265    $ 4.54    5.9
Schedule of Share-based Compensation, Restricted Stock and Restricted Stock Units Activity
The information below summaries the restricted stock activity:
Restricted Stock Awards Shares Weighted Average Grant-Date Fair Value per Award
Non-vested at December 31, 2018 51,134    $ 7.64   
Granted 26,131    $ 14.30   
Vested (38,289)   $ 7.44   
Cancelled —    $ —   
Non-vested at December 31, 2019 38,976    $ 12.31