The issued and outstanding number of shares common stock included in shareholders’ equity consisted of the following:

 

		Number of shares				$
Balance at December 30, 2018			23,189,381				458
New share issuance - rights and direct offerings			4,642,030				46
New share issuance - vested stock awards			179,677				2
Balance as June 30, 2019			28,011,088				506

 

 

For more detailed information regarding the Company’s stock option arrangements, see Note of the consolidated financial statements within the Company’s Form -K. A summary of stock option activity for the -month period ended is as follows:

 

 

		Number of options				Weighted average exercise price				Aggregate intrinsic value				Weighted average remaining contractual term (years)
Outstanding at December 30, 2018			1,719,824			$	1.55				1,998				8.6
Options granted			650,000				3.67
Options exercised			—				—
Options forfeited			—				—
Outstanding at June 30, 2019			2,369,824				2.13				2,608				8.4
Exercisable at June 30, 2019			1,101,090				1.54				2,552				7.6

 

During the -month periods ended and the Company recorded stock-based compensation expense related to stock options and a corresponding increase in additional paid-in capital of and respectively. During the -month periods ended and the Company recorded stock-based compensation expense related to stock options and a corresponding increase in additional paid-in capital of and respectively.

 

Certain stock options outstanding have market conditions such that the awards are vested and exercisable only if the Company’s stock exceeds specified targets during the vesting period. If the market conditions are met, the stock options will vest and will expire.

 

 

For more detailed information regarding the Company’s Restricted Stock Units (“RSU”) arrangements, see Note of the consolidated financial statements within the Company’s Form -K. A summary of the RSU activity for the -month period ended is as follows:

  

		Outstanding RSU				Weighted average stock price				Weighted average remaining contractual term (years)
Outstanding balance at December 30, 2018			357,377			$	0.96				1.21
RSU granted			37,500				3.67				—
RSU vested and issued in common shares			(179,677	)			0.40				—
RSU forfeited			—				—				—
Outstanding balance at June 30, 2019			215,200				1.90				1.61

  

Certain RSUs outstanding have a market condition such that the awards are vested and issuable only if the market price of the Company’s stock meets or exceeds a specified target during the vesting period. If the market condition is met, the RSUs will vest and will be forfeited.

 

Stock based compensation recognized during the -month period ended and related to the restricted stock units was and respectively.  Stock based compensation recognized during the -month period ended and related to the restricted stock units was and respectively.  

 

 

In the Company completed its (i) offering of subscription rights (the “Rights Offering”) to the Company’s stockholders and holders of the Company’s outstanding warrants as of the close of business on which was fully subscribed for the maximum offering amount of and (ii) registered direct offering (the “Registered Direct Offering” and, together with the Rights Offering, the “Offerings”) of shares of the Company’s common stock directly to certain investors, resulting in net proceeds to the Company of approximately million, after deducting the offering expenses of approximately million and fees payable by the Company.