Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 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 nine months ended September 30, 2020 and 2019, using the following assumptions:
Nine Months Ended September 30,
2020 2019
Expected volatility
53% to 58%
35% to 55%
Expected dividends None None
Expected term (years) 7 7
Risk-free rate
0.42% to 1.65%
1.89% to 2.61%
Share-based Payment Arrangement, Option, Activity
The information below summarizes the stock options activity for the nine months ended September 30, 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 111,158  14.76 
Exercised (123,809) 3.97 
Cancelled —  — 
Outstanding at September 30, 2020 936,594  $ 6.49  6.7
Exercisable at September 30, 2020 633,967  $ 4.68  5.9
Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity
The information below summarizes the restricted stock activity for the nine months ended September 30, 2020:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2019 38,976  $ 12.31 
Granted 28,680  14.92 
Vested (22,061) 13.99 
Cancelled —  — 
Non-vested at September 30, 2020 45,595  $ 13.13