Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.20.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2020
Stockholders' equity:  
Schedule of shares issued to directors
Three Months Ended June 30,
2020   2019  
9,832   8,841  

 

Six Months Ended June 30,  
2020     2019  
  19,563       17,739  
Schedule of stock options issued by the Company
    Shares     Weighted-average
Exercise price
per share
   

Intrinsic
Value(1)

 
Outstanding at January 1, 2020     1,639,167     $ 9.87     $ 2,892,027  
Granted     84,445       4.14       26,512  
Exercised     (833 )     1.74          
Outstanding at June 30, 2020     1,722,779     $ 9.59     $ 867,568  

 

(1) Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.
Schedule of common stock warrant activity
    Shares     Weighted-average
Exercise price
per share
   

Intrinsic
Value(1)

 
Outstanding at January 1, 2020     5,532,267     $ 4.00     $ 10,470,008  
Exercised     (428,532 )     2.20          
Outstanding at June 30, 2020     5,103,735     $ 4.15     $ 2,717,201  

 

(1) Intrinsic value is calculated as the estimated fair value of the Company’s stock at the end of the related period less the option exercise price of in-the-money options.