Quarterly report pursuant to Section 13 or 15(d)

Stock Options, Warrants and Restricted Common Stock (Tables)

v3.20.1
Stock Options, Warrants and Restricted Common Stock (Tables)
 3 Months Ended
Mar. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Stock-Based Compensation

The Company recognized total stock-based compensation expense during the three months ended March 31, 2020 and 2019, granted under the Equity Plan, from the following categories (in thousands):

 

    Three Months Ended March 31,
    2020   2019
Restricted stock awards under the Plan   $ 1,914     $ 177  
Stock option awards under the Plan     —         58  
    Total stock-based compensation   $ 1,914     $ 235  
Summary of Restricted Plan Activity

A summary of the Company’s unvested restricted common stock awards activity in the three months ended March 31, 2020 is presented here:

 

    Number of Shares   Weighted Average Grant-Date
 Fair Value
  Unvested at January 1, 2020       1,524,499     $ 1.37  
          Vested       (1,623,834 )   $ 1.35  
          Granted       1,544,359     $ 1.27  
  Unvested at March 31, 2020       1,445,024     $ 1.29  
Schedule of Changes in Outstanding Warrants

Following is a summary of outstanding warrants that were issued outside of the Equity Plan for the three months ended March 31, 2020:

 

    Shares Underlying Options/Warrants   Weighted Average Exercise Price   Weighted Average Remaining Contractual
 Term (Years)		   Aggregate Intrinsic Value
  Outstanding at January 1, 2020       3,574,257     $ 19.48       2.9     $ —    
  Forfeited       (20,000 )   $ 3.50       —            
  Outstanding at March 31, 2020       3,554,257     $ 19.57       2.7     $ —    
                                     
  Exercisable at March 31, 2020       3,554,257     $ 19.57       2.7     $ —