Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

v3.20.1
Equity Incentive Plan (Tables)
12 Months Ended
Dec. 31, 2019
Summary of company's RSU and PSU activity

A summary of the Company’s RSU and PSU activity is as follows:

 

 

 

 

 

 

 

    

RSUs

    

PSUs

Outstanding at January 1, 2019

 

6,938

 

11,900

Forfeited

 

(6,938)

 

(11,900)

Outstanding at December 31, 2019

 

 —

 

 —

 

Summary of company's stock options activity and related information

A summary of the Company’s stock option activity and related information is as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2019

 

2018

 

    

 

    

 

 

    

Weighted

    

 

    

 

 

    

Weighted

 

 

 

 

Weighted

 

Average 

 

 

 

Weighted

 

Average 

 

 

 

 

Average 

 

Remaining 

 

 

 

Average 

 

Remaining 

 

 

Stock

 

Exercise 

 

Life 

 

Stock

 

Exercise 

 

Life 

 

 

Options

 

Price

 

(in years)

 

Options

 

Price

 

(in years)

Outstanding at January 1

 

147,054

 

$

50.79

 

6.8

 

123,234

 

$

64.39

 

6.8

Granted

 

118,400

 

$

3.14

 

  

 

42,206

 

$

13.08

 

  

Forfeited

 

(95,474)

 

$

67.64

 

  

 

(18,386)

 

$

55.38

 

  

Outstanding at December 31

 

169,980

 

$

8.13

 

9.1

 

147,054

 

$

50.79

 

6.8

Exercisable at December 31

 

74,980

 

$

14.81

 

8.1

 

140,163

 

$

51.09

 

6.8

 

Schedule of additional information about stock options outstanding

The following table sets forth additional information about stock options outstanding at December 31, 2019:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted

    

 

 

    

 

 

 

 

 

Average

 

Weighted

 

 

 

 

 

 

Remaining

 

Average

 

 

 

 

Options

 

Life

 

Exercise

 

Options

Range of Exercise Prices

 

Outstanding

 

(in years)

 

Price

 

Exercisable

$2.85 – $4.25

 

118,400

 

9.7

 

$

3.14

 

23,400

$12.20 – $15.60

 

42,206

 

8.3

 

$

13.08

 

42,206

$29.71 – $79.40

 

9,374

 

4.6

 

$

48.98

 

9,374

 

 

169,980

 

  

 

 

  

 

74,980

 

Employee Stock Option [Member]  
Schedule of assumptions used in the black-scholes model

The assumptions used in the Black-Scholes model are as follows:

 

 

 

 

 

 

 

 

 

For the year ended December 31, 

 

 

    

2019

    

2018

 

Average risk-free interest rate

 

2.12

%  

2.76

%

Expected dividend yield

 

 —

%  

 —

%

Expected life

 

5.16 to 6.25 years

 

3.25 to 5.63 years

 

Expected volatility

 

80

%  

70

%