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Stockholders' Equity
9 Months Ended
Sep. 30, 2019
STOCKHOLDERS' EQUITY  
Stockholders' Equity

Preferred Stock

 

There were no issuances of preferred stock during the nine month periods ended September 30, 2019 and 2018.

 

Common Stock

 

The Company is authorized to issue 110,000,000 shares of common stock, $.001 par value per share. As of September 30, 2019, there were 84,775,186 shares issued and outstanding (including 507,500 restricted shares not vested). During the three month period ended September 30, 2019, 183,334 shares and 405,240 shares, respectively, of common stock vested in accordance with the vesting terms of restricted stock awards (RSA). There were no shares of common stock issued as a result of the vesting of RSAs during the three month period ended September 30, 2018. See Note 12 for additional information regarding RSA activity.

 

There were no shares of common stock issued as a result of stock option exercises during the three month periods ended September 30, 2019 and 2018. There were no shares of common stock issued as a result of stock option exercises during the nine month period ended September 30, 2019. Shares of common stock issued as a result of stock option exercises and realized gross proceeds during the nine month period ended September 30, 2018 were 50,000 and $22,000, respectively. See Note 12 for additional information regarding the stock incentive plans.