Stock-Based Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Disclosure of Share-based Compensation Arrangements by Share-based Payment Award |
The following table summarizes the RSU and
restricted stock transactions related to the common and Preferred Stock under the Amended and Restated Incentive Plan for the years
ended December 31, 2020 and 2019:
| |
|
Common Stock |
|
|
Preferred Stock |
|
| Outstanding and unvested shares at January 1, 2020 |
|
|
451,084 |
|
|
|
44,000 |
|
| Granted |
|
|
788,955 |
|
|
|
63,579 |
|
| Vested |
|
|
(752,375 |
) |
|
|
(63,579 |
) |
| Forfeited |
|
|
(105,229 |
) |
|
|
- |
|
| Outstanding and unvested shares at December 31, 2020 |
|
|
382,435 |
|
|
|
44,000 |
|
| |
|
|
|
|
|
|
|
|
| Outstanding and unvested shares at January 1, 2019 |
|
|
929,347 |
|
|
|
44,800 |
|
| Granted |
|
|
180,000 |
|
|
|
48,746 |
|
| Vested |
|
|
(624,315 |
) |
|
|
(49,546 |
) |
| Forfeited |
|
|
(33,948 |
) |
|
|
- |
|
| Outstanding and unvested shares at December 31, 2019 |
|
|
451,084 |
|
|
|
44,000 |
|
|
| Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
The following table summarizes the share activity
during the years ended December 31, 2020 and 2019 and the amount of common and Preferred Shares available for grant at December
31, 2020:
| |
|
Common Stock |
|
|
Preferred Stock |
|
| Shares available for grant at January 1, 2020 |
|
|
401,738 |
|
|
|
133,654 |
|
| Additional shares available for grant |
|
|
2,000,000 |
|
|
|
300,000 |
|
| RSUs granted |
|
|
(788,955 |
) |
|
|
(63,579 |
) |
| RSUs forfeited |
|
|
105,229 |
|
|
|
- |
|
| Shares available for grant at December 31, 2020 |
|
|
1,718,012 |
|
|
|
370,075 |
|
| |
|
|
|
|
|
|
|
|
| Shares available for grant at January 1, 2019 |
|
|
547,790 |
|
|
|
182,400 |
|
| RSUs granted |
|
|
(180,000 |
) |
|
|
(48,746 |
) |
| RSUs forfeited |
|
|
33,948 |
|
|
|
- |
|
| Shares available for grant at December 31, 2019 |
|
|
401,738 |
|
|
|
133,654 |
|
|
| Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs |
The following table summarizes the components
of stock-based compensation expense for the years ended December 31, 2020 and 2019:
| Stock-based compensation included in the |
|
Year ended December 31, |
|
| consolidated statements of operations: |
|
2020 |
|
|
2019 |
|
| |
|
($ in thousands) |
|
| Direct operating costs |
|
$ |
1,094 |
|
|
$ |
197 |
|
| General and administrative |
|
|
3,599 |
|
|
|
2,735 |
|
| Research and development |
|
|
729 |
|
|
|
33 |
|
| Selling and marketing |
|
|
1,080 |
|
|
|
251 |
|
| Total stock-based compensation expense |
|
$ |
6,502 |
|
|
$ |
3,216 |
|
|