9. Stock-Based Compensation

The Company recorded no outstanding stock option activity for the years ended December 31, 2019 and 2018. As of December 31, 2109 and 2018, the Company had 377 options exercisable and outstanding with a weighted average exercisable price of approximately $7,447. The weighted average remaining contractual life was 6.3 years and 5.3 years as of December 31, 2019 and 2018 respectively. The options hold no intrinsic value. There was no significant unrecognized stock-based compensation at December 31, 2019 and 2018.