Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.20.2
Stock-Based Compensation (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2019:

 

    Common Stock     Preferred Stock  
Outstanding and unvested shares at January 1, 2020     451,085       44,000  
Granted     777,884       59,673  
Vested     (667,436 )     (59,673 )
Forfeited     (82,428 )     -  
Outstanding and unvested shares at September 30, 2020     479,105       44,000  
                 
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, 2020 and 2019:

 

Stock-based compensation included in the   Three Months Ended September 30,     Nine Months Ended September 30,  
consolidated statements of operations:   2020     2019     2020     2019  
                         
Direct operating costs   $ 379,314     $ 49,590     $ 808,469     $ 146,448  
General and administrative     818,666       693,138       2,887,434       2,100,609  
Research and development     262,281       9,044       516,398       18,878  
Selling and marketing     302,731       22,839       738,700       58,864  
Total stock-based compensation expense   $ 1,762,992     $ 774,611     $ 4,951,001     $ 2,324,799