XML 77 R65.htm IDEA: XBRL DOCUMENT v3.20.2
Stock Options (Details Textual) - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Stock Options (Textual)        
Stock option expense amortization $ 286 $ 858 $ 685 $ 1,506
Dividends assumption      
2011 Plan [Member]        
Stock Options (Textual)        
2011 Plan aggregate number of options authorized 417,270   417,270  
2018 Plan [Member]        
Stock Options (Textual)        
2018 Plan aggregate number of options authorized 11,230,073   11,230,073  
Stock Options [Member]        
Stock Options (Textual)        
Incentive stock options granted, description     Incentive stock options granted under the Option Plans are granted at exercise prices not less than 100% of the estimated fair market value of the underlying common stock at date of grant. The exercise price per share for incentive stock options may not be less than 110% of the estimated fair value of the underlying common stock on the grant date for any individual possessing more that 10% of the total outstanding common stock of the Company.  
Non-plan stock options granted 1   1  
Stock options granted as of the period end date     5,662,946  
Stock options available for future grant     5,984,398  
Fair value of non-vested options $ 2,198   $ 2,198  
Weighted average remaining term of non-vested options     1 year 1 month 13 days  
Stock options, description The Company granted stock options for the purchase of 5,567,500 shares of common stock to employees and directors of the Company. These stock options are 100% vested at grant or vest pro-rata over 12 to 48 months, have a life of ten years and an exercise price of $1.10 per share. The Company valued the stock options using the Black-Scholes option valuation model and the fair value of the awards was determined to be approximately $1,911,000. The fair value of the common stock as of the grant date was determined to be $1.10 per share.   Unless terminated sooner by the Board of Directors, this plan will terminate on August 31, 2021.