Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

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

Three Months Ended September 30, Nine Months Ended September 30,
2021 2020 2021 2020
Stock options $ 181,558  $ 302,806  $ 273,180  $ 730,564 
Restricted stock 1,039,647  435,710  2,980,366  2,037,170 
Total stock-based compensation $ 1,221,205  $ 738,516  $ 3,253,546  $ 2,767,734 
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 1,099,164  11.71 
Vested (810,586) 3.76 
Forfeited (482,212) 5.05 
Balance, September 30, 2021 1,184,255  $ 8.90 
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 523,713  11.32  5.73 
Exercised (884,954) 3.20 
Forfeited (170,000) 0.94 
Expired (56,000) 6.13 
Balance, September 30, 2021 1,763,999  $ 4.14  5.3
Number of options exercisable at September 30, 2021 1,178,411  $ 1.07  0.5