Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.19.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes the RSU and restricted stock transactions related to the common and Preferred Stock under the Incentive Plan for the years ended December 31, 2018 and 2017:

 

    Common Stock     Preferred Stock  
Outstanding and unvested shares at January 1, 2017     406,959       33,000  
Granted     555,500       39,800  
Vested     (327,159 )     (33,000 )
Forfeited     (29,331 )     -  
Outstanding and unvested shares at January 1, 2018     605,969       39,800  
Granted     707,200       44,800  
Vested     (340,066 )     (39,800 )
Forfeited     (43,756 )     -  
Outstanding and unvested shares at December 31, 2018     929,347       44,800  

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes the share activity during the years ended December 31, 2018 and 2017 and the amount of common and preferred shares available for grant at December 31, 2018:

 

    Common Stock     Preferred Stock  
Shares available for grant at January 1, 2017     237,403       67,000  
Additional shares available for grant     1,500,000       -  
RSUs granted     (555,500 )     (39,800 )
RSUs forfeited     29,331       -  
Shares available for grant at December 31, 2017     1,211,234       27,200  
Additional shares available for grant     -       200,000  
RSUs granted     (707,200 )     (44,800 )
RSUs forfeited     43,756       -  
Shares available for grant at December 31, 2018     547,790       182,400  

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes the components of share-based compensation expense for the years ended December 31, 2018 and 2017:

 

Stock-based compensation included in the   Year Ended December 31,  
Consolidated Statement of Operations:   2018     2017  
Direct operating costs   $ 88,195     $ 9,849  
General and administrative     2,352,850       1,419,068  
Research and development     14,506       8,378  
Selling and marketing     8,048       50,000  
Total stock-based compensation expense   $ 2,463,599     $ 1,487,295