Annual report pursuant to Section 13 and 15(d)

Restricted Stock Units (Tables)

v3.21.1
Restricted Stock Units (Tables)
12 Months Ended
Dec. 31, 2020
Restricted Stock Units  
Summary of Restricted Stock Award Activity

A summary of restricted stock unit activity for the years ended December 31, 2020 and 2019 are presented below.

 

                Weighted-  
                Average  
                Grant Date  
    Shares     Fair Value     Fair Value  
                   
Non-vested at December 31, 2018     -     $ -     $ -  
Granted     1,923,001       2,615,000       1.36  
Vested     (436,647 )     (616,000 )     1.36  
Forfeited     -               -  
Non-vested at December 31, 2019     1,486,354     $ 1,999,000     $ 1.36  
Granted     2,871,471       3,391,000       1.18  
Vested/deemed vested, net of 336,533 returned shares for payroll taxes     (1,773,440 )     (3,355,000 )     1.31  
Forfeited     (61,906 )     (92,000 )     1.47  
Non-vested at December 31, 2020     2,185,946     $ 1,943,000     $ 1.17