STOCK-BASED COMPENSATION PLANS (Tables)

3 Months Ended

Mar. 31, 2020

STOCK-BASED COMPENSATION PLANS

Schedule of outstanding and exercisable number of options

	Outstanding	Exercisable
	Number of Options	Number of Options
	(in thousands)	(in thousands)
Plan Category
2005 Stock Option Plan	388		388
Equity Compensation Plans not approved by  Shareholders	59		30
2017 Stock Option Plan	869		238
Total	1,316	$	656

Schedule of share based compensation expenses recorded in the consolidated statement of income

The following summarizes stock-based compensation expenses recorded in the consolidated statements of operations:

	For the Three Months Ended March 31,
	2020		2019
Cost of Revenue	$	6	$	6
Sales and marketing expense		29		41
General, and administrative		462		93
Total stock based compensation expense	$	497	$	140

Fair Value of Stock Options Grants

The Company used the Black-Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions for the three months ended March 31, 2020 and March 31, 2019.

	For the Three Months
	Ended March 31,
	2020		2019
Expected term (years)	6.79		6.25
Risk-free interest rate	1.59	%	2.62	%
Expected volatility	116.76	%	121.98	%
Expected dividend yield	—	%	—	%

Summary of Stock Option Activity Under the Option Plan

A summary of stock option activity under all equity compensation plans for the three months ended March 31, 2020, is presented below:

				Weighted-
				Average
		Weighted-		Remaining	Aggregate
	Number of	Average		Contractual	Intrinsic
	Shares	Exercise		Term	Value
	(in thousands)	Price		(Years)	(in thousands)
Outstanding at December 31, 2019	1,855	$	2.48	6.42	$	10,032
Granted	14	$	10.15
Forfeited	(175)	$	5.40
Exercised	(378)	$	0.58
Outstanding at March 31, 2020	1,316	$	2.72	7.18	$	10,991
Exercisable at March 31, 2020	656	$	1.00	5.81	$	6,604

Restricted Stock Award Activity Under all Equity Compensation Plans

A summary of restricted stock award activity under all equity compensation plans for the three months ended March 31, 2019, is presented below:

	Number of
	Shares
	(in thousands)
Granted but not vested at December 31, 2019	102
Granted	165
Vested	(7)
Granted but not vested at March 31, 2020	260