Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 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 six months ended June 30, 2020 and 2019:

 

    Common Stock     Preferred Stock  
Outstanding and unvested shares at January 1, 2020     451,085       44,000  
Granted     618,879       44,000  
Vested     (326,996 )     (44,000 )
Forfeited     (50,896 )     -  
Outstanding and unvested shares at June 30, 2020     692,072       44,000  
                 
Outstanding and unvested shares at January 1, 2019     929,347       44,800  
Granted     5,000       44,000  
Vested     (319,813 )     (44,800 )
Forfeited     (12,120 )     -  
Outstanding and unvested shares at June 30, 2019     602,414       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 six months ended June 30, 2020 and 2019:

 

Stock-based compensation included in the   Three Months Ended June 30,     Six Months Ended June 30,  
consolidated statements of operations:   2020     2019     2020     2019  
                         
Direct operating costs   $ 258,653     $ 46,207     $ 429,154     $ 96,858  
General and administrative     1,217,298       711,050       2,068,767       1,407,471  
Research and development     177,768       4,353       254,117       9,834  
Selling and marketing     226,987       31,053       435,970       36,025  
Total stock-based compensation expense   $ 1,880,706     $ 792,663     $ 3,188,008     $ 1,550,188