Stockholders' Equity (Tables)
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9 Months Ended |
Sep. 30, 2019 |
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| Stockholders' Equity |
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| Schedule of stock-based compensation expense |
The following table summarizes the stock-based compensation expense from stock option, employee stock purchase programs and restricted Common Stock awards and warrants for the three and nine months ended September 30, 2019 and 2018:
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Three Months Ended September 30,
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Nine Months Ended September 30,
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($ in thousands)
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2019
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2018
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2019
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2018
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Employee awards
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$
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936
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$
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1,012
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$
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2,791
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$
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3,075
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Executive awards of Fortress Companies’ stock
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358
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446
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1,065
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1,408
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Non-employee awards
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15
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24
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84
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70
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Warrants
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97
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—
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97
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—
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Fortress Companies:
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Avenue
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298
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371
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1,585
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1,043
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Checkpoint
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833
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1,128
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2,444
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2,336
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Mustang
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1,120
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903
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2,174
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3,869
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Other
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84
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222
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183
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252
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Total stock-based compensation expense
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$
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3,741
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$
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4,106
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$
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10,423
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$
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12,053
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| Schedule of Stock option activities |
The following table summarizes Fortress stock option activities excluding activity related to Fortress partner companies:
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Weighted average
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Total
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remaining
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Weighted average
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Weighted average
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contractual life
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Number of shares
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exercise price
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intrinsic value
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(years)
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Options vested and expected to vest at December 31, 2018
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1,285,501
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$
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3.75
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$
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—
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2.93
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Granted
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125,000
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1.18
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28,750
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Options vested and expected to vest at September 30, 2019
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1,410,501
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$
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4.30
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$
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43,903
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2.58
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Options vested and exercisable
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1,285,501
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$
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4.60
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$
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15,153
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2.41
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| Schedule of Restricted stock awards and restricted stock units |
The following table summarizes Fortress restricted stock awards and restricted stock units activities, excluding activities related to Fortress Companies:
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Weighted average
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Number of shares
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grant price
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Unvested balance at December 31, 2018
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12,645,982
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$
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2.72
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Restricted stock granted
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1,516,408
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0.86
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Restricted stock vested
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(220,000)
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3.16
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Restricted stock units granted
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40,000
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1.63
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Restricted stock units forfeited
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(244,272)
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4.45
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Restricted stock units vested
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(250,209)
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3.59
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Unvested balance at September 30, 2019
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13,487,909
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$
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2.46
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| Schedule of Warrant activities |
The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:
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Total Weighted
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Weighted average
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average
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remaining
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Number of
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Weighted average
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intrinsic
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contractual life
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shares
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exercise price
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value
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(years)
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Outstanding as of December 31, 2018
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2,754,189
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$
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3.28
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$
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7,800
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3.49
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Granted
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60,000
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1.92
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—
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Forfeited
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(73,009)
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5.65
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—
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Outstanding as of September 30, 2019
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2,741,180
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$
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3.19
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$
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2,400
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2.98
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Exercisable as of September 30, 2019
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776,180
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$
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3.76
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$
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2,400
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2.62
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