6. SHARE-BASED COMPENSATION

3 Months Ended

Mar. 31, 2019

Share-based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

NOTE 6: SHARE-BASED COMPENSATION

On July 27, 2018, we granted 300 shares of restricted stock to our Chief Financial Officer (“CFO”). These shares have a fair value grant price of $0.79 per share, based on the closing price of our common stock on that day. These shares vest over three years in equal tranches on the anniversary date of his appointment to the role, subject to continued service as our CFO. We are amortizing the related share-based compensation of $237 over the three-year requisite service period.

For the three months ended March 31, 2019 and 2018, we recognized a total of $104 and $4 respectively, of share-based compensation expense related to restricted stock awards, which is included in selling, general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations. The unamortized estimated fair value of unvested shares of restricted stock was $118 at March 31, 2019 and $222 at December 31, 2018. These costs are expected to be recognized as expense over a weighted-average period of 2.04 years.

At March 31, 2019 and December 31, 2018 there were no other unvested restricted shares or options.