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SHAREHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2019
Summary of information about stock options under the Plan

    

    

    

Weighted

    

 

Weighted

Average

 

Average

Remaining

 

Number of

Exercise

Contractual

Intrinsic

 

Shares

Price

Life (Years)

Value

 

(in thousands, except per share and year data)

 

Balance at December 31, 2016

 

4,720

$

2.41

 

3.4

$

4,388

Granted

 

338

2.99

Exercised

 

(94)

1.30

87

Forfeited

(37)

4.28

Expired

(21)

5.00

Balance at December 31, 2017

 

4,906

$

2.45

 

2.6

$

2,564

Granted

 

375

1.90

Exercised

 

(171)

1.02

195

Forfeited

 

(405)

3.99

Expired

 

(462)

2.27

Balance at December 31, 2018

 

4,243

$

2.33

 

2.0

$

1,475

Granted

 

3,050

1.73

Exercised

 

(535)

1.01

419

Forfeited

 

(700)

2.56

Expired

(789)

2.90

Balance at December 31, 2019

 

5,269

$

2.00

 

3.0

$

364

Exercisable at December 31, 2019

 

2,234

$

2.27

 

1.2

$

364

Schedule of weighted-average assumptions used for estimation of the fair value of the options granted under the Plan at the date of grant, using the Black-Scholes Option Valuation Model

    

2019

2018

2017

Risk-free interest rate

1.45% to 1.87%

2.67% to 2.89%

1.46% to 1.60%

Dividend yield

0.00%

0.36% to 0.53%

0.31% to 0.36%

Volatility factor of the expected market price of common stock

58%

63% to 64%

72% to 74%

Weighted-average expected life of option

3.5 years

3.5 years

3.5 years

Weighted-average grant date fair value

$

1.73

$

1.90

$

2.99

Summary of status and activity of non-vested stock options

Weighted

Average

Number of

Grant Date

    

Shares

    

Fair Value

(in thousands, except per share amounts)

Non-vested, beginning of year

691

$

1.28

Granted

3,050

$

0.58

Cancelled/Forfeited

(402)

$

0.74

Vested

(304)

$

1.44

Non-vested, end of year

3,035

$

0.64

November 2019 Offering  
Schedule of Black-Scholes pricing model to determine the fair value of warrants

November 20, 2019

Risk-free interest rate

1.55

%

Dividend yield

0.00

%

Volatility factor of the expected market price of common stock

60

%

Weighted-average expected life

5 years

Weighted-average grant date fair value

$

0.52

March 2019 Offering  
Schedule of Black-Scholes pricing model to determine the fair value of warrants

Issued on:

March 29, 2019

May 23, 2019

Risk-free interest rate

2.30

%

2.14

%

Dividend yield

0.00

%

0.00

%

Volatility factor of the expected market price of common stock

50

%

45

%

Weighted-average expected life

3 years

3 years

Weighted-average grant date fair value

$

0.43

$

0.22

September 2017 Offering  
Schedule of Black-Scholes pricing model to determine the fair value of warrants

Risk-free interest rate

1.56

%

Dividend yield

0.36

%

Volatility factor of the expected market price of common stock

71

%

Weighted-average expected life

53 weeks

Weighted-average grant date fair value

$

0.40