Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.1
Stock-Based Compensation (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Compensation, Restricted Stock Units Award Activity

The following table summarizes the RSU transactions related to the common and preferred stock under the Equity Incentive Plan for the three months ended March 31, 2020:

 

      Common Stock     Preferred Stock  
Outstanding and unvested shares at January 1, 2019       929,347       44,800  
Granted       -       44,000  
Vested       (262,656 )     (44,800 )
Forfeited       (10,120 )     -  
Outstanding and unvested shares at March 31, 2019       656,571       44,000  
                   
Outstanding and unvested shares at January 1, 2020       451,085       44,000  
Granted       326,175       44,000  
Vested       (176,334 )     (44,000 )
Forfeited       (18,958 )     -  
Outstanding and unvested shares at March 31, 2020       581,968       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 months ended March 31, 2020 and 2019:

 

Stock-based compensation included in   Three Months Ended March 31,  
the consolidated statements of operations:   2020     2019  
Direct operating costs   $ 170,501     $ 50,650  
General and administrative     851,470       696,422  
Research and development     76,349       5,481  
Selling and marketing     208,984       4,972  
Total stock-based compensation expense   $ 1,307,304     $ 757,525