STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2020

Share-based Payment Arrangement [Abstract]

Summary of stock options and stock awards

The status of our stock options are summarized as follows:

	Number of options		Weighted average exercise price
Outstanding at December 31, 2019	3,966,858		$	4.67
Granted	1,274,900		8.18
Exercised	(44,381	)	3.23
Canceled and forfeited	(211,433	)	7.51
Outstanding at June 30, 2020	4,985,944		$	5.46

Schedule of option fair value assumptions

We calculated the fair value of issued options utilizing a Black Scholes model with an expected life calculated via the simplified method as we do not have sufficient history to determine actual expected life.

	2020 Grants
Option value	$8.18
Risk-free rate	1.7%
Expected dividend yield	—
Expected volatility	65.9%
Expected term (in years)	6