SHAREBASED COMPENSATION

6 Months Ended

Jun. 30, 2021

SHAREBASED COMPENSATION

NOTE 10 - SHARE-BASED COMPENSATION

NOTE 10 – SHARE-BASED COMPENSATION

For share-based awards granted, we have recognized compensation expense based on the estimated grant date fair value method. For these awards we have recognized compensation expense using a straight-line amortization method reduced for estimated forfeitures.

The impact on our results of operations of recording share-based compensation, net of forfeitures, for the three and six months ended June 30, 2021 and 2020, respectively, were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
(in thousands)
Cost of goods sold	$	16	$	15	$	26	$	21
Research and development		101		132		172		196
Selling, general and administrative		284		334		482		513
Total share-based compensation	$	401	$	481	$	680	$	730

Equity awards granted during the three and six months ended June 30, 2021 and 2020 were as follows:

	Three Months Ended				Six Months Ended
	June 30, 2021		June 30, 2020		June 30, 2021		June 30, 2020
Restricted Stock Units		254,400		376,200		256,400		376,200
Stock Options		-		-		-		-

Non-employee directors Restricted Stock Units (“RSUs”) vest over one year and options vest over three years and have a six-year exercise period. Employee RSUs typically vest over four years and employee Non-Qualified stock options typically vest quarterly over 4 years and have a six-year exercise period.

The remaining unamortized expected future equity compensation expense and remaining amortization period associated with unvested option grants, restricted stock awards and restricted stock unit awards at June 30, 2021 are:

	June 30, 2021
Unamortized future equity compensation expense (in thousands)	$	2,844
Remaining weighted average amortization period (in years)		2.92