Annual report pursuant to Section 13 and 15(d)

Restricted Common Stock, Stock Options, Restricted Stock Units (RSUs) and Warrants (Tables)

v3.22.0.1
Restricted Common Stock, Stock Options, Restricted Stock Units (RSUs) and Warrants (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Recognized Stock-based Compensation

The Company recognized total stock-based compensation expense during the years ended December 31, 2021, 2020 and 2019, from the following categories:

Years Ended December 31,

2021

2020

2019

Time-based restricted stock awards

$

4,935

$

3,407

$

687

Performance-based restricted stock awards

63,556

-

-

Stock option awards

-

-

58

Total stock-based compensation

$

68,491

$

3,407

$

745

Schedule of Unvested Performance-based Restricted Common Stock Activity

A summary of the Company’s unvested performance-based restricted common stock activity in the year ended December 31, 2021 is presented here:

Number of Shares

Weighted Average Grant-Date

Fair Value

Unvested at January 1, 2021

-

$

-

 

Granted

4,033,159

$

36.69

 

Vested

(393,574

)

$

36.67

Forfeited

(235,000

)

$

36.83

 

Unvested at December 31, 2021

3,404,585

$

36.68

 

Schedule of Unvested Time-based Restricted Common Stock Activity

A summary of the Company’s unvested time-based restricted common stock activity in the year ended December 31, 2021 is as follows:

Number of Shares

Weighted Average Grant-Date

Fair Value

Unvested at December 31, 2020

633,305

$

1.27

 

Vested

(232,283

)

$

17.94

 

Granted

212,189

$

33.33

Forfeited

(2,650

)

$

34.08

 

Unvested at December 31, 2021

610,561

$

5.93

 

Schedule of Changes in Outstanding Warrants

The following is a summary of outstanding warrants for the year ended December 31, 2021:

Shares Underlying Options/Warrants

Weighted Average Exercise Price

Weighted Average Remaining Contractual Term (Years)

Aggregate Intrinsic Value

Outstanding and exercisable at December 31, 2020

2,061,770

$

32.33

1.1

$

6,256

 

Granted

63,000

$

48.37

4.9

-

 

Exercised

(1,672,892

)

$

1.94

-

-

 

Forfeited

(388,878

)

$

40.00

-

-

 

Outstanding and exercisable at December 31, 2021

63,000

$

48.37

4.6

$

-