STOCK COMPENSATION

3 Months Ended

Mar. 31, 2020

Compensation Related Costs [Abstract]

STOCK COMPENSATION

The fair value of restricted stock awards is estimated to be the market price of the Company's common stock at the close of the date of grant. Restricted stock activity during the three months ended March 31, 2020 is as follows:

	Number of Shares			Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2019		19,667		$	5.45
Granted
Vested			19,667			5.45
Forfeited		—			—
Non-vested, end of period

Awards are amortized to expense ratably, on an annual basis, over a three year vesting term, except one grant in January 2019 for 2,000 shares of restricted stock, which vested upon grant. There was stock compensation expense of less than $1 for the three months ended March 31, 2020 and $84 for the three months ended March 31, 2019. There is no unrecognized stock compensation cost as of March 31, 2020.