XML 120 R24.htm IDEA: XBRL DOCUMENT v3.20.2
Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 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 six months ended June 30, 2020 follows:
Expected price volatility
59.00%-61.76%
Risk-free interest rate
0.43%-1.68%
Weighted average expected life in years6 years
Dividend yield—  
Summary of Stock Option Activity
Option activity during the six months ended June 30, 2020 was as follows:
Number of
shares
Weighted average
exercise price per
share
Aggregate
intrinsic
value
Outstanding at January 1, 20205,496,971  $3.64  $15,455  
Granted in 2020:
Officers and Directors1,234,988  5.84  
Employees1,200,716  5.66  
Exercised(1,090,724) 2.36  
Forfeitures(261,749) 5.13  
Outstanding at June 30, 20206,580,202  $4.61  $3,359  
Summary of Restricted Stock Activity
Restricted stock activity during the six months ended June 30, 2020 was as follows:
Number of
restricted
shares
Weighted
average fair
market value
per RSU
Outstanding at January 1, 20201,648,559  $3.86  
Granted:
Executive officers241,314  5.52  
Directors16,000  4.46  
Employees12,455  5.52  
Vested(571,336) 4.42  
Forfeitures(407,217) 3.45  
Outstanding at June 30, 2020939,775  $3.74  
Schedule of Earnings Per Share, Basic and Diluted
Three months ended June 30,Six months ended June 30,
2020201920202019
Basic:
Net income (loss) attributable to common stockholders, basic$1,165  $(11,130) $6,131  $(14,963) 
Weighted average common shares outstanding100,136,893  83,821,811  98,541,877  77,571,003  
Basic earnings (loss) per common share$0.01  $(0.13) $0.06  $(0.19) 
Diluted:
Effect of dilutive securities:
Net income (loss) attributable to common stockholders, diluted$1,165  $(11,130) $6,131  $(14,963) 
Weighted average common shares outstanding100,136,893  83,821,811  98,541,877  77,571,003  
Effect of dilutive options and warrants7,974,308  —  8,520,284  —  
Dilutive weighted average common shares outstanding108,111,201  83,821,811  107,062,161  77,571,003  
Diluted earnings (loss) per common share$0.01$(0.13)$0.06$(0.19)