|3 Months Ended|
Mar. 31, 2020
NOTE 13 – STOCK OPTIONS
During the three months ended March 31, 2019, options to purchase 150,000 shares of common stock were exercised at prices of $0.26 and $0.77 per share. Of these exercised options, 100,000 were exercised on a cashless basis with the exercise prices paid via the surrender of 19,376 shares of common stock. No options were exercised during the three months ended March 31, 2020.
During the three months ended March 31, 2020, options to purchase 30,000 shares of common stock were forfeited, resulting in an aggregate reduction of amortization expense of approximately $19,000. No options were forfeited during the three months ended March 31, 2019.
Stock options outstanding and exercisable as of March 31, 2020 were: