Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.20.1
Stock-based Compensation (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [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 three months ended March 31, 2020 and 2019, using the following assumptions:
Three Month Ended March 31,
2020 2019
Expected volatility 53% 35%
Expected dividends None None
Expected term (years) 7 7
Risk-free rate 0.89% 2.61%
Forfeiture rate 5% 20%
Share-based Payment Arrangement, Option, Activity
The information below summarizes the stock options activity for the three months ended March 31, 2020:
Number of
Shares		 Weighted
Average
Exercise
Price		 Weighted
Average
Remaining
Contractual Life
(Years)
Outstanding at December 31, 2019 949,245    $ 5.19    6.5
Granted 108,454    14.72   
Exercised (35,500)   3.97   
Cancelled —    —   
Outstanding at March 31, 2020 1,022,199    $ 6.24    6.8
Exercisable at March 31, 2020 640,123    $ 4.73    5.9
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The information below summaries the restricted stock activity for the three months ended March 31, 2020:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2019 38,976    $ 12.31   
Granted 12,798    14.68   
Vested (2,780)   12.02   
Cancelled —    —   
Non-vested at March 31, 2020 48,994    $ 12.95