Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.20.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2020
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Stock option activity
The following summarizes activity related to the Company's stock options (in thousands, except per share data):
 
Number of Shares
 
Weighted Average
Exercise Price
 
Weighted Average
Remaining Contract
Term (in years)
 
Aggregate Intrinsic Value
Outstanding - December 31, 2019
28,105
 
$
0.80

 
5.4

 
$
12,335

Granted
4,870
 
0.33

 
—

 
—

Exercised
(436)
 
0.37

 
—

 
—

Forfeited
(7,004)
 
0.65

 
—

 
—

Outstanding - March 31, 2020
25,535
 
0.76

 
6.3

 
3,003

 
 
 
 
 
 
 
 
Exercisable - March 31, 2020
19,667
 
0.67

 
5.4

 
2,047

Vested or expected to vest - March 31, 2020
25,535
 
$
0.76

 
6.3

 
$
3,003

Schedule of share-based payment award, stock options, valuation assumptions
The following table presents the weighted average grant date fair value of stock options granted and the weighted-average assumptions used to estimate the fair value on the date of grant using the Black-Scholes valuation model:
 
Three months ended March 31,
 
2020
 
2019
Volatility
135.4%
 
113.9%
Risk-Free Interest Rate
0.6%
 
2.5%
Expected Term (in years)
5.29
 
5.72
Dividend Rate
—%
 
—%
Fair Value Per Share on Grant Date
$0.29
 
$4.03