STOCK-BASED COMPENSATION PLANS (Tables)

6 Months Ended

Jun. 30, 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	384		384
Equity Compensation Plans not approved by  Shareholders	60		45
2017 Stock Option Plan	709		164
Total	1,153	$	593

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 June 30,				For the Six Months Ended June 30,
	2020		2019		2020		2019
Cost of Revenue	$	2	$	5	$	9	$	10
Sales and marketing expense		98		52		127		94
General, and administrative		479		101		940		194
Total stock based compensation expense		579		158		1,076		298

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 and six months ended June 30, 2020 and June 30, 2019.

	For the Three Months				For the Six Months
	Ended June 30,				Ended June 30,
	2020		2019		2020		2019
Expected term (years)	—		6.25		6.79		6.25
Risk-free interest rate	—	%	2.49	%	1.59	%	2.59	%
Expected volatility	—	%	121.49	%	116.76	%	121.95	%
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 six months ended June 30, 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	—		—
Expired	—		—	—		—
Forfeited	(206)	$	5.10	—		—
Exercised	(510)	$	0.99	—		—
Outstanding at June 30, 2020	1,153	$	2.77	6.79	$	25,497
Exercisable at June 30, 2020	593	$	0.70	5.30	$	14,341

Restricted Stock Award Activity Under all Equity Compensation Plans

A summary of restricted stock award activity under all equity compensation plans for the six months ended June 30, 2020, is presented below:

	Number of
	Shares
	(in thousands)
Granted but not vested at December 31, 2019	102
Granted	208
Forfeited	—
Vested	(49)
Granted but not vested at June 30, 2020	261