Quarterly report pursuant to Section 13 or 15(d)

9. STOCK COMPENSATION (Tables)

v3.20.2
9. STOCK COMPENSATION (Tables)
3 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Share-based compensation expense relating to RSUs

The following tables summarize share-based compensation expenses relating to RSUs and stock options and the effect on basic and diluted loss per common share during the three month periods ended June 30, 2020 and 2019:

 

    Three Months
Ended
June 30,2020
    Three Months
Ended
June 30, 2019
 
Vesting of stock options and restricted stock units   $ 84,207     $ 326,536  
Total stock-based compensation expense   $ 84,207     $ 326,536  
                 
Weighted average number of common shares outstanding – basic and diluted     9,632,977       1,270,484  
                 
Basic and diluted loss per common share attributable to stock-based compensation expense   $ (0.01 )   $ (0.26 )
Options outstanding that have vested and are expected to vest

Options outstanding that have vested as of June 30, 2020 and options that are expected to vest subsequent to June 30, 2020 are as follows:

 

    Number of
Shares
    Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Contractual
Term in
Years
 
Vested     28,098     $ 64.92       5.03  
Expected to vest     23,026     $ 18.75       8.00  
Total     51,124                  
Schedule of stock option activity

A summary of stock option activity during the three months ended June 30, 2020 is presented below:

 

    Amount     Range of
Exercise Price
    Weighted
Average
Exercise
Price
 
Stock options outstanding at March 31, 2020     51,124     $ 18.75 - 187.50     $ 44.12  
Exercised                  
Granted                  
Cancelled/Expired                  
Stock options outstanding at June 30, 2020     51,124     $ 18.75 - 187.50     $ 44.12  
Stock options exercisable at June 30, 2020     28,098     $ 18.75 - 187.50     $ 64.92