Quarterly report pursuant to Section 13 or 15(d)

Stock Option Plans (Tables)

v3.20.2
Stock Option Plans (Tables)
6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity

A summary of stock option activity is as follows:

 

    Options     Weighted
average
exercise price
    Weighted
average
remaining
contractual
term in years
    Aggregate
intrinsic value
 
Outstanding January 1, 2019     202,537     $ 80.13       4.52     $ 987,064  
Exercisable January 1, 2019     185,837     $ 82.13       4.10     $ 967,064  
Canceled     (291 )                        
Granted     -                          
Exercised     -                          
Expired     -                          
Outstanding December 31, 2019     202,246     $ 80.14       3.52     $ -  
Exercisable December 31, 2019     192,108     $ 81.32       3.26     $ -  
Canceled     -                          
Granted     -                          
Exercised     -                          
Expired     26,702                          
Outstanding June 30, 2020     175,544     $ 85.07       3.48     $ -  
Exercisable June 30, 2020     168,011     $ 86.33       3.28     $ -  
Schedule of Non-vested Shares Granted Under Stock Option Plan

A summary of the Company’s non-vested options for the six-months ended June 30, 2020, and year ended December 31, 2019, are presented below:

 

Non-vested at January 1, 2019     16,700  
Granted     -  
Vested     (6,271 )
Canceled     (291 )
Non-vested at December 31, 2019     10,138  
Granted     -  
Vested     (2,605 )
Canceled     -  
Non-vested at June 30, 2020     7,533  
Schedule of Recognized Stock Based Compensation Expense

The Company recognized stock-based compensation expense related to options during the:

 

    Six-months ended June 30  
    2020     2019  
    Amount     Amount  
Service provider compensation   $ 77,500     $ 88,750  
Employee compensation     79,375       84,250  
Total   $ 156,875     $ 173,000