| 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 A&R Plan
for the years ended December 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 |
|
|
1,098,976 |
|
|
|
- |
|
|
|
62,000 |
|
| Vested |
|
|
(896,893 |
) |
|
|
- |
|
|
|
(85,263 |
) |
| Forfeited |
|
|
(94,063 |
) |
|
|
- |
|
|
|
- |
|
| Outstanding and unvested shares at December 31, 2023 |
|
|
753,495 |
|
|
|
- |
|
|
|
57,199 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding and unvested shares at January 1, 2022 |
|
|
418,039 |
|
|
|
34,000 |
|
|
|
- |
|
| Granted |
|
|
777,715 |
|
|
|
8,644 |
|
|
|
100,000 |
|
| Vested |
|
|
(465,455 |
) |
|
|
(42,644 |
) |
|
|
(19,538 |
) |
| Forfeited |
|
|
(84,824 |
) |
|
|
- |
|
|
|
- |
|
| Outstanding and unvested shares at December 31, 2022 |
|
|
645,475 |
|
|
|
- |
|
|
|
80,462 |
|
|
| SCHEDULE OF SHARE-BASED COMPENSATION, RESTRICTED STOCK UNITS AWARD ACTIVITY |
The
following table summarizes the share activity during the years ended December 31, 2023 and 2022 and the amount of common and preferred
shares available for grant at December 31, 2023 and 2022:
SCHEDULE OF SHARE-BASED COMPENSATION, RESTRICTED STOCK UNITS AWARD ACTIVITY
| |
|
Common Stock |
|
|
Series A
Preferred Stock |
|
|
Series B
Preferred Stock |
|
| Shares available for grant at January 1, 2023 |
|
|
1,498,492 |
|
|
|
33,769 |
|
|
|
100,000 |
|
| RSUs granted |
|
|
(1,098,976 |
) |
|
|
- |
|
|
|
(62,000 |
) |
| RSUs forfeited |
|
|
94,063 |
|
|
|
- |
|
|
|
- |
|
| Shares available for grant at December 31, 2023 |
|
|
493,579 |
|
|
|
33,769 |
|
|
|
38,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Shares available for grant at January 1, 2022 |
|
|
1,191,383 |
|
|
|
320,065 |
|
|
|
- |
|
| Shares added to plan |
|
|
1,000,000 |
|
|
|
- |
|
|
|
200,000 |
|
| RSUs granted |
|
|
(777,715 |
) |
|
|
(8,644 |
) |
|
|
(100,000 |
) |
| Shares redesignated as Series B |
|
|
- |
|
|
|
(277,652 |
) |
|
|
- |
|
| RSUs forfeited |
|
|
84,824 |
|
|
|
- |
|
|
|
- |
|
| Shares available for grant at December 31, 2022 |
|
|
1,498,492 |
|
|
|
33,769 |
|
|
|
100,000 |
|
|
| SCHEDULE OF EMPLOYEE SERVICE SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS |
SCHEDULE OF EMPLOYEE SERVICE SHARE-BASED COMPENSATION, ALLOCATION OF RECOGNIZED PERIOD COSTS
|
|
Year Ended December 31, |
|
| Stock-based compensation included in the consolidated statements of operations: |
|
2023 |
|
|
2022 |
|
| |
|
($ in thousands) |
|
| Direct operating costs |
|
$ |
891 |
|
|
$ |
1,047 |
|
| General and administrative |
|
|
2,835 |
|
|
|
2,598 |
|
| Research and development |
|
|
135 |
|
|
|
245 |
|
| Selling and marketing |
|
|
855 |
|
|
|
1,024 |
|
| Net loss on lease terminations, unoccupied lease charges and restructuring costs |
|
|
170 |
|
|
|
- |
|
| Total stock-based compensation expense |
|
$ |
4,886 |
|
|
$ |
4,914 |
|
|