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STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2020
Stock-based Compensation [Abstract]  
Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity for the three months ended March 31, 2020:

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-Average

 

 

 

 

 

 

 

Remaining

 

 

Number of

 

Weighted-Average

 

Contractual Life

 

 

Options

 

Exercise Price

 

(in Years)

 

 

(in thousands, except share and per share data)

Outstanding - January 1, 2020

 

29,501

 

$

8.35

 

2.4

Granted

 

 —

 

 

 —

 

  

Exercised

 

 —

 

 

 —

 

  

Forfeited or canceled

 

 —

 

 

 —

 

  

Outstanding  at March 31, 2020

 

29,501

 

$

8.35

 

2.1

Exercisable - March 31, 2020

 

29,501

 

$

8.35

 

2.1

 

Schedule of Warrants Activity and Nonvested Warrants

The following table summarizes the Company’s outstanding warrants for the three months ended March 31, 2020:

 

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-Average

    

 

 

 

 

 

 

 

Remaining

 

 

 

Number of

 

Weighted-Average

 

Contractual Life

 

 

 

Warrants

 

Exercise Price

 

(in Years)

 

 

 

(in thousands, except share and per share data)

Outstanding - January 1, 2020

 

200,000

 

$

13.32

 

5.4

 

Granted

 

 —

 

 

 —

 

  

 

Exercised

 

 —

 

 

 —

 

  

 

Forfeited or canceled

 

 —

 

 

 —

 

  

 

Outstanding  at March 31, 2020

 

200,000

 

$

13.32

 

5.2

 

Exercisable - March 31, 2020

 

200,000

 

$

13.32

 

5.2

 

 

Schedule of Restricted Stock Activity

A summary of the Company’s time-based restricted stock activity for the three months ended March 31, 2020 is as follows:

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-Average

 

 

 

 

Weighted-Average

 

Remaining

 

 

 

 

Grant Date Fair

 

Contractual Life

 

 

Number of Shares

 

Value

 

(in Years)

 

 

 

Unvested - January 1, 2020

 

522,269

 

$

0.85

 

0.5

Granted

 

200,000

 

 

0.37

 

  

Vested

 

(200,000)

 

 

(0.37)

 

  

Unvested - March 31, 2020

 

522,269

 

$

0.85

 

0.3

 

Schedule of Restricted Stock Units Activity

A summary of the Company’s time-based restricted stock units activity for the three months ended March 31, 2020 is as follows:

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-Average

 

 

 

 

Weighted-Average

 

Remaining

 

 

 

 

Grant Date Fair

 

Contractual Life

 

 

Number of Shares

 

Value

 

(in Years)

 

 

 

Unvested - January 1, 2020

 

428,309

 

$

1.42

 

1.3

Granted

 

400,000

 

 

0.37

 

  

Vested

 

(23,063)

 

 

(2.71)

 

  

Forfeited or canceled

 

(50,000)

 

 

(2.39)

 

  

Unvested - March 31, 2020

 

755,246

 

$

0.82

 

2.0

 

Schedule of Performance Stock Units Activity

A summary of the Company’s PSUs activity for the three months ended March 31, 2020 is as follows:

 

 

 

 

 

 

 

 

 

    

 

    

 

 

    

Weighted-Average

 

 

 

 

Weighted-Average

 

Remaining

 

 

 

 

Grant Date Fair

 

Contractual Life

 

 

Number of Shares

 

Value

 

(in Years)

 

 

 

Unvested - January 1, 2020

 

129,929

 

$

4.51

 

 —

Granted

 

900,000

 

 

0.37

 

  

Vested

 

 —

 

 

 —

 

  

Forfeited or canceled

 

(129,929)

 

 

(4.51)

 

  

Unvested - March 31, 2020

 

900,000

 

$

0.37

 

2.8