Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.21.2
Stock-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation Activity
The following table summarizes stock-based compensation expense:

Three Months Ended June 30, Six Months Ended June 30,
2021 2020 2021 2020
Stock options $ 21,210  $ 347,328  $ 91,622  $ 427,758 
Restricted stock 1,118,703  822,863  1,940,719  1,601,460 
Total stock-based compensation $ 1,139,913  $ 1,170,191  $ 2,032,341  $ 2,029,218 
The following table summarizes restricted stock activity:
Number of Unvested Shares Weighted Average Grant Date Fair Value per Share
Balance, December 31, 2020 1,377,889  $ 2.70 
Granted 304,164  14.57 
Vested (444,843) 2.75 
Forfeited   — 
Balance, June 30, 2021 1,237,210  $ 5.64 
Schedule of Stock Option Activity
The following table summarizes option activity:

Number of Options Weighted
Average
Exercise Price
per Option
Weighted
Average Grant
Date Fair Value
 per Option
Weighted
Average
Remaining
Contractual Life
(Years)
Balance, December 31, 2020 2,351,240  $ 2.00  5.5
Granted —  —  — 
Exercised (770,677) 3.11 
Forfeited —  — 
Expired (29,000) 4.99 
Balance, June 30, 2021 1,551,563  $ 1.40  5.6
Number of options exercisable at June 30, 2021 1,280,688  $ 1.43  6.2