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Stockholders' Equity (Tables)
9 Months Ended
Sep. 30, 2020
Stockholders' Equity Note [Abstract]  
Share-based Compensation, Stock Options, Activity Stock option activity for the Pre-2017 Non-Qualified Stock Options for the nine months ended September 30, 2020 is presented in the table below:
 Number of SharesWeighted- average Exercise PriceWeighted- average Remaining Contractual Term (years)Aggregate Intrinsic Value (In Thousands)
Outstanding at December 31, 20192,500,500 $7.03 5.05$18,426 
Exercised(20,000)9.50   
Forfeited(15,000)10.00 
Outstanding at September 30, 20202,465,500 $6.99 4.35$1,683 
Stock option activity for options granted under the 2017 Plan during the nine months ended September 30, 2020 is presented in the table below:
Number of Options OutstandingWeighted-average Exercise PriceWeighted-average Remaining Contractual Term (years)Aggregate Intrinsic Value (in thousands)
Balance at December 31, 2019491,950 $24.08 8.43$82 
Granted191,500 $12.12 
Exercised— — 
Forfeited(71,258)$15.05 
Balance at September 30, 2020612,192 $21.39 8.1$— 
Warrant activity for the nine months ended September 30, 2020 is presented in the table below:
 Number of SharesWeighted- average Exercise PriceWeighted- average Remaining Contractual Term (years)Aggregate Intrinsic Value (in thousands)
Outstanding at December 31, 2019342,610 $9.77 3.71$1,585 
Exercised(59,510)$10.00   
Forfeited(4,300)$10.00 
Outstanding at September 30, 2020278,800 $9.72 3.76$— 
Exercisable at September 30, 2020278,800 $9.72 3.76$— 
Schedule of Nonvested Share Activity
A summary of the status of the Company’s non-vested Pre-2017 Non-Qualified Stock Options as of September 30, 2020 is presented below:
Number of OptionsWeighted Average Grant Date Fair Value
Vested at September 30, 20202,430,502 $6.95 
Non-vested at Non-vested at September 30, 202034,998 $10.00 
A summary of the status of the Company’s vested and non-vested options granted under the 2017 Plan as of September 30, 2020 is presented in the following table:
Number of SharesWeighted Average Grant Date Fair Value Per Share
Vested at September 30, 2020291,803 25.63 
Non-vested at September 30, 2020320,389 $15.22 
Schedule of Assumptions Used in the Valuation
The assumptions used in the valuation of options granted under the 2017 Plan during the nine months ended September 30, 2020 were as follows:
For the Nine Months Ended September 30, 2020
Market value of stock on measurement date
$8.79 to $13.60
Risk-free interest rate
0.33% to 1.68%
Dividend yield— 
Volatility factor
91.07% to 101.21%
Term
5.50 to 6.25 years
Restricted Stock Activity The following summarizes the restricted stock activity under the Company's 2017 Plan during the nine months ended September 30, 2020:
Number of SharesWeighted Average Fair Value Per Share
Restricted stock outstanding and unvested at December 31, 201927,000 $14.51 
Restricted stock granted49,600 $12.00 
Restricted stock forfeited(27,000)$14.51 
Restricted stock outstanding and unvested at September 30, 202049,600 $12.00