Quarterly report pursuant to Section 13 or 15(d)

Convertible Preferred Stock and Stockholders' Equity (Tables)

v3.21.1
Convertible Preferred Stock and Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2021
Schedule of series A Preferred Stock and liquidation preferences

The authorized, issued and outstanding shares of Series A Preferred Stock and liquidation preferences as of March 31, 2021, were as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Number

 

Proceeds

 

 

 

 

 

 

 

 

Number

 

of Shares

 

Net of

 

Conversion

 

 

 

 

 

of Shares

 

Issued and

 

Issuance

 

Price per

 

Liquidation

 

    

Authorized

    

Outstanding

    

Costs

    

Share

    

Preference

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Series A 8 % Senior Convertible Preferred Stock

 

1,250,000

 

250,000

 

$

920,000

 

$

80.00

 

$

1,156,000

 

Summary of activity related to restricted stock awards/units

A summary of activity related to restricted stock awards (excluding the deferred shares) for the three months ended March 31, 2021 is presented below:

 

 

 

 

 

 

 

    

 

    

Weighted-Average 

Stock Units

 

Shares

 

Grant Date Fair Value

Non-vested as of January 1, 2021

 

87,169

 

$

2.26

Granted

 

643,700

 

$

3.58

Vested

 

 -

 

$

 -

Forfeited

 

 -

 

$

 -

Non-vested as of March 31, 2021

 

730,869

 

$

3.42

 

Schedule of Information regarding warrants for common stock outstanding and exercisable

Information regarding warrants for common stock outstanding and exercisable as of March 31, 2021 is as follows:

 

 

 

 

 

 

 

 

 

Warrants

 

Weighted Average

 

Warrants

Exercise

 

Outstanding as of

 

Remaining

 

Exercisable as of

Price

    

March 31, 2021

    

Life (years)

    

March 31, 2021

$2.32 - $4.20

 

5,103,384

 

4.31

 

5,088,384

$6.40 - $9.80

 

32,889

 

3.91

 

32,889

$15.80 - $17.50

 

93,562

 

1.51

 

93,562

$24.80 - $99.00

 

227,901

 

1.11

 

227,901

$108.00 - $207.00

 

72,864

 

1.35

 

72,864

$6.90*

 

5,530,600

 

4.20

 

5,515,600

 


Information regarding warrants for common stock outstanding and exercisable as of December 31, 2020 is as follows:

 

 

 

 

 

 

 

 

 

Warrants

 

Weighted Average

 

Warrants

Exercise

 

Outstanding as of

 

Remaining

 

Exercisable as of

Price

    

December 31, 2020

    

Life (years)

    

December 31, 2020

$2.32 - $3.90

 

6,884,216

 

4.55

 

6,869,216

$6.40 - $9.80

 

32,889

 

4.15

 

32,889

$15.80 - $17.50

 

93,562

 

1.76

 

93,562

$24.80 - $99.00

 

230,571

 

0.99

 

230,571

$108.00 - $207.00

 

72,864

 

1.60

 

72,864

$5.81*

 

7,314,102

 

4.54

 

7,299,102

 

2020 Stock Incentive Plan  
Summary of activity related to restricted stock awards/units

A summary of activity related to restricted stock units under the Company’s 2020 Stock Plan for the three months ended March 31, 2021 is presented below:

 

 

 

 

 

 

 

    

 

    

Weighted-Average 

 

 

 

 

Grant Date Fair 

Stock Units

 

Shares

 

Value

Non-vested as of January 1, 2021

 

626,974

 

$

2.29

Granted

 

17,000

 

$

3.89

Vested

 

 —

 

$

 —

Forfeited

 

 —

 

$

 —

Non-vested as of March 31, 2021

 

643,974

 

$

2.33