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Stock Award Plans and Stock-based Compensation (Tables)
9 Months Ended
Sep. 30, 2020
Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]  
Schedule of Grant Date Fair Value

There were no stock options granted during the three and nine months ended September 30, 2020.  The assumptions underlying the calculation of grant date fair value per share for the three and nine months ended September 30, 2019 are as follows:

 

 

 

For the Three Months

Ended September 30,

 

 

For the Nine Months

Ended September 30,

 

 

 

2019

 

 

2019

 

Number of options granted

 

 

150

 

 

 

6,033

 

Weighted-average expected volatility

 

 

63.45

%

 

 

62.56

%

Weighted-average risk-free interest rate

 

 

1.90

%

 

 

2.16

%

Weighted-average expected option term

   (in years)

 

 

6.25

 

 

6.46

 

Weighted-average dividend yield

 

 

%

 

 

%

Weighted-average fair value per share

   of grants

 

$

13.80

 

 

$

19.20

 

Schedule of Stock-based Compensation Expense

The Company recognized stock-based compensation expense related to the issuance of stock option awards, restricted stock awards and restricted stock units to employees, non-employees and directors in the statements of operations as follows:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

Cost of goods sold

 

$

10,994

 

 

$

4,449

 

 

$

21,246

 

 

$

13,058

 

Research and development

 

 

26,749

 

 

 

24,651

 

 

 

52,424

 

 

 

81,492

 

Selling, general and administrative

 

 

143,959

 

 

 

117,851

 

 

 

337,522

 

 

 

645,754

 

Total

 

$

181,702

 

 

$

146,951

 

 

$

411,192

 

 

$

740,304