XML 43 R32.htm IDEA: XBRL DOCUMENT v3.20.2
Mezzanine and Stockholders' Equity (Tables)
 9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Stock Option Transactions Under Stock Option Plans
The Company’s outstanding stock options consisted of the following:
Shares
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
(in thousands)
Options outstanding at January 1, 2020
607,346 $9.22 3.42$5,600 
Options granted
11,742 18.41 — — 
Options exercised
(120,000)2.58 — 1,800 
Options forfeited
(12,228)17.57 — — 
Options outstanding at September 30, 2020486,860 $10.86 3.45$3,300 
Options exercisable at September 30, 2020405,833 $7.91 2.75$3,500 
Schedule of Stock Options, Valuation Assumptions
During the nine months ended September 30, 2020, the Company granted 11,742 stock options with a vesting period of five-years to certain ApolloMed board members with an exercise price of $18.41, which were recognized at fair value, as determined using the Black-Scholes option pricing model and the following assumptions:
September 30, 2020
Board Members
Expected term
3.0 years
Expected volatility
90.01 %
Risk-free interest rate
1.43 %
Market value of common stock
$10.56 
Annual dividend yield
— %
Forfeiture rate
— %
Schedule of Outstanding Warrants
The Company’s outstanding warrants consisted of the following:
Shares
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term
(Years)
Aggregate
Intrinsic
Value
(in thousands)
Warrants outstanding at January 1, 2020
3,154,590 $9.96 2.01$26,700 
Warrants granted
— — — — 
Warrants exercised
(800,709)9.22 — 6,000 
Warrants expired/forfeited
— — — — 
Warrants outstanding at September 30, 20202,353,881 $10.21 1.62$18,200 
Exercise Price Per Share
Warrants
Outstanding
Weighted
Average
Remaining
Contractual Life
Warrants
Exercisable
Weighted
Average
Exercise Price
Per Share
$9.00 305,812 0.04305,812 $9.00 
10.00 1,248,779 1.641,248,779 10.00 
11.00 799,290 2.19799,290 11.00 
$ $ 9.00 –11.00
2,353,881 1.622,353,881 $10.21