STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION
|6 Months Ended|
Jun. 30, 2022
|STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION||
(13) STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION
During 2021 and 2022, the Company issued an aggregate of 8.8 million, of which shares were issued in the first quarter of 2022, resulting in the promissory note being fully paid and retired (see Note 11). shares of common stock in a series of conversions of a promissory note in the original principal amount of $
During the three months ended June 30, 2022, the Company issued 2,000. shares of restricted common stock associated with previously issued subscriptions for common stock with a grant date fair value of approximately $
In May 2022, the Company issued 217,000 in connection with the appointment of the Company’s new Chief Financial Officer. shares of restricted common stock with a grant date fair value of approximately $
In March 2022, the Company issued 274,000 in exchange for consulting services. shares of restricted common stock with a grant date fair value of approximately $
Amended and Restated 2018 Stock Award and Incentive Plan
The Company’s Amended and Restated 2018 Stock Award and Incentive Plan (the “2018 Plan”) provides for the award of options to purchase the Company’s common stock (“stock options”), stock appreciation rights (“SARs”), restricted stock, deferred stock, dividend equivalents, performance shares or other stock-based performance awards and other stock- or cash-based awards. Awards can be granted under the 2018 Plan to the Company’s employees, officers and non-employee directors, as well as consultants and advisors of the Company and its subsidiaries.
At June 30, 2022, warrants to purchase up to 24,676,571 shares of common stock were outstanding, with a weighted average exercise price of $0.89.
In April 2022, 750,000 warrants were exercised in a cashless transaction, under which the Company withheld 515,039 shares underlying such warrants and issued shares of common stock.
In June 2022, stock options were exercised in a cashless transaction, under which the Company withheld shares underlying such stock options and issued shares of common stock.
At June 30, 2022, options to purchase up to 0.91 and a weighted average remaining life of approximately . shares of common stock were outstanding, with a weighted average exercise price of $
SCHEDULE OF STOCK OPTIONS ESTIMATED USING THE BLACK-SCHOLES VALUATION MODEL WITH ASSUMPTIONS
The Company recorded stock-based compensation of $ million and $ million in the three and six months ended June 30, 2022, respectively, and $ million and $ million in the three and six months ended June 30, 2021, respectively.
No definition available.
The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef