Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.19.3
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Disclosure of Share-based Compensation Arrangements by Share-based Payment Award

The following table summarizes the RSU transactions related to the common and preferred stock under the Equity Incentive Plan for the nine months ended September 30, 2019:

 

    Common Stock     Preferred Stock  
Outstanding and unvested shares at January 1, 2019     929,347       44,800  
Granted     176,000       44,000  
Vested     (581,065 )     (44,800 )
Forfeited     (26,614 )     -  
Outstanding and unvested shares at September 30, 2019     497,668       44,000  

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 three and nine months ended September 30, 2019 and 2018:

 

Stock-based compensation included in the condensed consolidated statements of operations:   Three Months Ended September 30,     Nine Months Ended September 30,  
    2019     2018     2019     2018  
Direct operating costs   $ 49,590     $ 39,703     $ 146,448     $ 49,562  
General and administrative     693,138       935,159       2,100,609       1,457,759  
Research and development     9,044       8,208       18,878       13,152  
Selling and marketing     22,839       3,209       58,864       3,209  
Total stock-based compensation expense   $ 774,611     $ 986,279     $ 2,324,799     $ 1,523,682