STOCK COMPENSATION

6 Months Ended

Jun. 30, 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 June 30, 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 and six months ended June 30, 2020 and $84 and $153 for the three and six months ended June 30, 2019, respectively. There is no unrecognized stock compensation cost as of June 30, 2020.