Stockholders' Equity (Tables)

3 Months Ended

Mar. 31, 2020

Stockholders' Equity Note [Abstract]

Key Assumptions Used in Determining Fair Value of Options Granted

The key assumptions used in determining the fair value of options granted during the three months ended March 31, 2020 follows:

Expected price volatility	59.00%-61.76%
Risk-free interest rate	0.51%-1.68%
Weighted average expected life in years	6 years
Dividend yield	—

Summary of Stock Option Activity

Option activity during the three months ended March 31, 2020 was as follows:

	Number of shares	Weighted average exercise price per share		Aggregate intrinsic value
Outstanding at January 1, 2020	5,496,971	$	3.64	$	15,455
Granted in 2020:
Officers and Directors	1,074,998	6.08
Employees	1,185,517	5.67
Exercised	(107,287)	3.15
Forfeitures	(171,060)	3.68
Outstanding at March 31, 2020	7,479,139	$	4.32	$	3,336

Summary of Restricted Stock Activity

Restricted stock activity during the three months ended March 31, 2020 was as follows:

	Number of restricted shares	Weighted average fair market value per RSU
Outstanding at January 1, 2020	1,648,559	$	3.86
Granted:
Executive officers	201,314	5.52
Directors	16,000	4.46
Employees	12,455	5.52
Vested	(459,670)	4.36
Forfeitures	(407,217)	3.45
Outstanding at March 31, 2020	1,011,441	$	3.66

Schedule of Earnings Per Share, Basic and Diluted

	Three months ended March 31,
	2020		2019
Basic:
Net income (loss) attributable to common stockholders	$	4,966	$	(3,833)
Weighted average common shares outstanding	97,118,267		71,344,831
Basic earnings (loss) per common share	$	0.05	$	(0.05)
Diluted:
Effect of dilutive securities:
Net income (loss) attributable to common stockholders, diluted	$	4,966	$	(3,833)
Weighted average common shares outstanding	97,118,267		71,344,831
Effect of dilutive options and warrants	9,847,495		—
Dilutive weighted average common shares outstanding	106,965,762		71,344,831
Diluted earnings (loss) per common share	$0.05		$(0.05)