Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.23.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2023
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 A&R Plan for the three months ended March 31, 2023 and 2022:

DISCLOSURE OF SHARE-BASED COMPENSATION ARRANGEMENTS BY SHARE-BASED PAYMENT AWARD

    Common
Stock
    Series A
Preferred Stock
    Series B
Preferred Stock
 
Outstanding and unvested shares at January 1, 2023     645,475       -       80,462  
Granted     546,851       -       62,000  
Vested     (498,660 )     -       (57,263 )
Forfeited     (19,975 )     -       -  
Outstanding and unvested shares at March 31, 2023     673,691       -       85,199  
                         
Outstanding and unvested shares at January 1, 2022     418,039       34,000       -  
Granted     360,398       -       34,000  
Vested     (208,817 )     (34,000 )     -  
Forfeited     (25,494 )     -       -  
Outstanding and unvested shares at March 31, 2022     544,126       -       34,000  
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, 2023 and 2022:

 

Stock-based compensation included in the consolidated statements of operations:

 

  Three Months Ended March 31,  
    2023     2022  
    ($ in thousands)  
Direct operating costs   $ 88     $ 217  
General and administrative     605       380  
Research and development     37       70  
Selling and marketing     342       220  
Total stock-based compensation expense   $ 1,072     $ 887