Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2020

Share-based Payment Arrangement [Abstract]

Schedule of Stock Option Activity

The following table summarizes option activity for directors, officers, consultants and employees:

	Number of Options	Weighted Average Exercise Price per Option		Weighted Average Grant Date Fair Value  per Option	Weighted Average Remaining Contractual Life (Years)
Balance, December 31, 2019	3,725,000	$	2.32
Granted	—
Exercised	—
Forfeited	—
Expired	(12,500)	2.74
Balance, March 31, 2020	3,712,500	$	2.31
Number of options exercisable at March 31, 2020	3,128,500	$	2.38		5.4

Schedule of Stock Based Compensation Activity

The following table summarizes stock-based compensation expense:

	Three Months Ended March 31,
	2020		2019
Stock options	$	80,430	$	691,070
Restricted stock	778,597		—
Total stock-based compensation	$	859,027	$	691,070

The following table summarizes restricted stock activity:

	Number of Unvested Shares	Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2019	1,768,726	$	2.57
Granted	—	—
Vested	(282,112)	2.54
Forfeited	—	—
Balance, March 31, 2020	1,486,614	$	2.57