Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? (Deficit) Equity (Tables)

v3.20.1
Stockholders’ (Deficit) Equity (Tables)
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Nonvested Restricted Stock Shares Activity
Restricted stock activity for the three months ended March 31, 2020 is summarized as follows:
Number of
Shares
Weighted-
Average
Grant Date
Fair Value
Outstanding, December 31, 2019 158,336    $ 11.54   
Vested (12,498)   11.54   
Outstanding, March 31, 2020 145,838    $ 11.54   
Stock Option Activity
The following table summarizes stock option activities for the three months ended March 31, 2020:
Number of
Shares
Weighted
Average
Exercise Price
Weighted
Average
Remaining Life
(in Years)
Aggregate
Intrinsic
Value
Outstanding, December 31, 2019 2,883,550    $ 2.70    8.62 $ 23,861,981   
Granted 387,500    11.74    —    —   
Outstanding, March 31, 2020 3,271,050    $ 3.77    8.53 $ 15,391,278   
Exercisable, March 31, 2020 968,950    $ 1.74    8.45 $ 6,528,096   
Warrants Activity
The following table summarizes warrant activity for the three months ended March 31, 2020:
Number of
Shares
Weighted
Average
Exercise Price
Weighted
Average
Remaining
Contractual
Term
(in Years)
Aggregate
Intrinsic
Value
Outstanding, December 31, 2019 1,374,608    $ 10.97    4.43 $ 13,591   
Granted —    —    —    —   
Exercised (11,394)   1.75    —    76,682   
Forfeited (cashless exercise) (3,606)   1.75    —    —   
Outstanding, March 31, 2020 1,359,608    $ 11.07    4.19 $ —   
Exercisable, March 31, 2020 1,359,608    $ 11.07    4.19 $ —