STOCK OPTIONS, RESTRICTED STOCK AND WARRANTS (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of stock option activity

Determining the appropriate fair value of stock-based awards requires the input of subjective assumptions. The Company uses the Black-Scholes option pricing model to value its stock option awards. The assumptions used in calculating the fair value represent management’s best estimates and involve inherent uncertainties and judgements.

	Options Outstanding
						Weighted -
						Average		Aggregate
						Remaining		Intrinsic
				Weighted-		Contractual		Value
	Number of			Average		Term		(in 000’s)
	Shares			Exercise Price		(in years)		(1)
Balance as of December 31, 2020		473,771		$	4.48
Granted		-			-
Forfeited/Cancelled/Expired		(8,300	)		9.72
Balance as of June 30, 2021		465,471		$	4.38
Exercisable as of June 30, 2021		465,471		$	4.38		4.38	$	329

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying awards and the quoted price of the Company’s common stock for options that were in-the-money at each respective period.

Schedule of summary for the activities of unvested stock options

The following table summarizes the activities for the Company’s unvested stock options for the six months ended June 30, 2021:

14

	Unvested Options
	Weighted - Average
	Number of Unvested Options			Grant Date Exercise Price
Balance as of December 31, 2020		10,000		$	9.75
Vested		(10,000	)		9.75
Balance as of June 30, 2021		-		$	-

Schedule of warrant activity

The following table summarizes the activities for the Company’s warrants for the three months ended June 30, 2021:

	Warrants Outstanding
	Number of Shares		Weighted- Average Exercise Price		Weighted - Average Remaining Contractual Term in years)		Aggregate Intrinsic Value (in 000's) (1)
Balance as of December 31, 2020		3,779,243	$	5.89
Granted		-		-
Balance as of June 30, 2021		3,779,243	$	5.89		3.5
Exercisable as of June 30, 2021		3,779,243	$	5.89		3.5	$	-

(1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying warrants and the closing stock price of $4.22 for our common stock on June 30, 2021.