Capital Stock, Stock Plans, Warrants, and Stock-Based Compensation (Details Narrative) - USD ($)
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1 Months Ended |
12 Months Ended |
Sep. 29, 2020 |
Aug. 10, 2020 |
Jul. 22, 2020 |
Mar. 27, 2020 |
Feb. 04, 2020 |
Aug. 29, 2019 |
Jul. 25, 2019 |
Apr. 02, 2019 |
Jan. 17, 2019 |
Jan. 17, 2019 |
Jul. 27, 2017 |
May 31, 2018 |
Dec. 31, 2020 |
Dec. 31, 2019 |
Number of stock option shares granted |
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24,000
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Proceeds from exercise of stock options |
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$ 6,000
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$ 133,000
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Number of common shares reserved for future issuance |
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658,400
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Ferguson Stock Option [Member] |
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Options to purchase shares of common stock |
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60,000
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30,000
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Options extended date description |
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The Compensation Committee and the Board approved another amendment to the Ferguson Stock Option whereby the vesting date for the second milestone was further extended to December 31, 2021 from March 31, 2020 and the vesting date for the third milestone for the purchase of up to 60,000 shares of the Company's Common Stock was extended to December 31, 2022 from January 27, 2021.
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The Company's Common Stock was extended to March 31, 2020 from January 27, 2019
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Employee and Directors [Member] |
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Unrecognized compensation cost related to unvested options consultant |
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$ 274,000
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Weighted average term for unrecognized and unvested option to be recognized |
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2 years 4 days
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Robert Ferguson [Member] |
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Number of options exercised |
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10,000
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Unrecognized compensation cost related to unvested options consultant |
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$ 262,000
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Remaining stock option |
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90,000
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Loans payable |
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$ 2,500,000
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Warrant to purchase |
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60,000
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Warrants exercise price |
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$ 3.51
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Warrant exercisable, description |
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The Warrant is exercisable six months from April 1, 2019 and expires on April 1, 2024 and remains outstanding at December 31, 2020
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Common Stock [Member] |
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Stock issued during period for services, shares |
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34,135
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71,905
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2003 Outside Directors Stock Plan [Member] |
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Stock options, expiration period |
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10 years
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Share-based compensation arrangement by share-based payment award percentage of stock in lieu of fee payable |
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65.00%
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Percentage of directors fees, description |
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The 2003 Plan also provides for the issuance to each outside director a number of shares of the Company's Common Stock in lieu of 65% or 100% (based on option elected by each director) of the fee payable to the eligible director for services rendered as a member of the Board. The number of shares issued is determined at 75% of the market value as defined in the plan (the Company recognizes 100% of the market value of the shares issued).
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Shares remaining available for issuance |
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218,577
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2003 Outside Directors Stock Plan [Member] | Common Stock [Member] |
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Number of shares available for issuance |
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1,100,000
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2003 Outside Directors Stock Plan [Member] | Election [Member] |
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Options granted to purchase shares upon re-election |
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2,400
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2003 Outside Directors Stock Plan [Member] | Election [Member] | Maximum [Member] |
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Options granted to purchase shares upon initial election |
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6,000
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2017 Stock Option Plan [Member] |
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Shares remaining available for issuance |
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647,500
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Number of stock option shares granted |
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12,500
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Stock options, exercise price |
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$ 3.90
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Stock options granted contractual term |
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6 years
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2017 Stock Option Plan [Member] | One-Fifth Vesting [Member] |
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Stock options granted vesting period |
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5 years
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2017 Stock Option Plan [Member] | Officers and Employees [Member] |
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Number of shares available for issuance |
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1,140,000
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Shares remaining available for issuance |
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600,000
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2017 Stock Option Plan [Member] | Consultant [Member] |
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Number of stock option shares granted |
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100,000
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Stock options, exercise price |
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$ 3.65
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2010 Stock Option Plan [Member] |
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Number of stock option shares granted |
50,000
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Stock options, exercise price |
$ 3.97
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Stock options, expiration date |
May 15, 2022
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2010 Stock Option Plan [Member] | Officers and Employees [Member] |
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Shares remaining available for issuance |
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140,000
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2003 Plan [Member] |
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Number of stock option shares granted |
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6,000
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12,000
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6,000
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12,000
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Stock options, exercise price |
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$ 7.29
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$ 6.70
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$ 7.00
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$ 3.31
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Stock options granted contractual term |
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10 years
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10 years
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10 years
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10 years
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Stock options granted vesting period |
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6 months
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6 months
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6 months
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6 months
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2017 Plan [Member] |
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Number of stock option shares granted |
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105,000
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Stock options, exercise price |
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$ 3.15
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Stock options granted contractual term |
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6 years
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2017 Plan [Member] | One-Fifth Vesting [Member] |
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Stock options granted vesting period |
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5 years
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2017 Plan [Member] | CEO [Member] |
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Number of stock option shares granted |
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25,000
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2017 Plan [Member] | CFO [Member] |
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Number of stock option shares granted |
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15,000
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2017 Plan [Member] | EVP of Strategic Initiatives [Member] |
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Number of stock option shares granted |
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15,000
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2017 Stock Option Plan [Member] |
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Fair market value of shares, granted description |
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The term of each stock option granted under the 2017 Plan shall be fixed by the Compensation Committee, but no stock options will be exercisable more than ten years after the grant date, or in the case of an ISO granted to a 10% stockholder, five years after the grant date. The exercise price of any ISO granted under the 2017 Plan to an individual who is not a 10% stockholder at the time of the grant shall not be less than the fair market value of the shares at the time of the grant, and the exercise price of any ISO granted to a 10% stockholder shall not be less than 110% of the fair market value at the time of grant.
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Number of options exercised |
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2,000
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32,400
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Proceeds from exercise of stock options |
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$ 6,300
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$ 133,000
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Number of shares issued from option exercise (cashless) |
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1,884
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2017 Stock Option Plan [Member] | First Separate Options [Member] |
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Stock options, exercise price |
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$ 3.60
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Number of options exercised |
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8,000
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2017 Stock Option Plan [Member] | Second Separate Options [Member] |
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Stock options, exercise price |
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$ 3.15
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Number of options exercised |
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2,500
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2003 Outside Directors Stock Option Plan [Member] |
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Percentage of directors fees, description |
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As a member of the Board, each director elects to receive either 65% or 100% of the director's fee in shares of our Common Stock. The number of shares received is calculated based on 75% of the fair market value of our Common Stock determined on the business day immediately preceding the date that the quarterly fee is due.
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Stock issued during period for services, shares |
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34,135
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71,905
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The 2003 Outside Directors Stock Plan [Member] | Portion of Director Fee Earned in Common Stock [Member] |
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Allocated share-based compensation expense |
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$ 250,000
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$ 232,000
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