5. SHARE-BASED COMPENSATION

9 Months Ended

Sep. 30, 2020

Share-based Payment Arrangement [Abstract]

SHARE-BASED COMPENSATION

NOTE 5: SHARE-BASED COMPENSATION

Share-based compensation is included in selling, general and administrative expenses in the accompanying unaudited condensed consolidated statements of operations and additional paid in capital in the accompanying unaudited consolidated balance sheets. On August 5, 2020, the three non-employee members of the Board of Directors (the “Board”) were each granted an option to purchase 50 shares of the Company’s common stock at a price of $0.37 per share. Fair value of these stock options was $0.25 per share at the date of the grant. Options for 25% of the shares vested on August 31, 2020, with the remaining shares scheduled to vest in equal installments on November 30, 2020, February 28, 2021, and May 31, 2021, subject to the recipient’s continued service on the Board. During the three and nine months ended September 30, 2020, the Company recognized a total of $39 and $113, respectively, of share-based compensation expense. During the three and nine months ended September 30, 2019, the Company recognized a total of $72 and $200, respectively, of share-based compensation expense. The unamortized estimated fair value of nonvested shares of restricted stock and stock options was $69 and $134 at September 30, 2020 and December 31, 2019, respectively. These costs are expected to be recognized as expenses over a weighted-average period of 0.48 years.