Stockholders' Equity (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Stockholders' Equity |
|
| 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 six months ended June 30, 2022 and 2021:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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($ in thousands) |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
Employee and non-employee awards |
|
$ |
2,359 |
|
$ |
2,541 |
|
$ |
4,958 |
|
$ |
4,051 |
|
Executive awards of Fortress Companies' stock |
|
|
524 |
|
|
348 |
|
|
686 |
|
|
693 |
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Partner Companies: |
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Avenue |
|
|
43 |
|
|
116 |
|
|
612 |
|
|
230 |
|
Checkpoint |
|
|
729 |
|
|
766 |
|
|
1,504 |
|
|
1,540 |
|
Mustang |
|
|
650 |
|
|
547 |
|
|
1,314 |
|
|
1,543 |
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Journey |
|
|
774 |
|
|
11 |
|
|
1,547 |
|
|
33 |
|
Other |
|
|
2 |
|
|
21 |
|
|
23 |
|
|
33 |
|
Total stock-based compensation expense |
|
$ |
5,081 |
|
$ |
4,350 |
|
$ |
10,644 |
|
$ |
8,123 |
|
|
| 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 |
|
remaining |
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|
|
Weighted average |
|
weighted average |
|
contractual life |
|
|
Number of shares |
|
exercise price |
|
intrinsic value |
|
(years) |
Options vested and expected to vest at December 31, 2021 |
|
1,018,490 |
|
$ |
5.04 |
|
$ |
368,344 |
|
1.68 |
Granted |
|
2,500 |
|
|
2.50 |
|
|
— |
|
9.51 |
Expired |
|
(315,000) |
|
|
6.36 |
|
|
— |
|
— |
Options vested and expected to vest at June 30, 2022 |
|
705,990 |
|
$ |
4.44 |
|
$ |
— |
|
1.91 |
Options vested and exercisable at June 30, 2022 |
|
705,990 |
|
$ |
4.44 |
|
$ |
— |
|
1.91 |
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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 |
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|
|
|
average grant |
|
|
Number of shares |
|
price |
Unvested balance at December 31, 2021 |
|
18,060,000 |
|
$ |
2.64 |
Restricted stock granted |
|
2,375,972 |
|
|
2.50 |
Restricted stock vested |
|
(135,000) |
|
|
2.71 |
Restricted stock units granted |
|
535,602 |
|
|
2.27 |
Restricted stock units forfeited |
|
(142,500) |
|
|
4.10 |
Restricted stock units vested |
|
(265,787) |
|
|
3.52 |
Unvested balance at June 30, 2022 |
|
20,428,287 |
|
$ |
2.59 |
|
| 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 |
|
remaining |
|
|
Number of |
|
Weighted average |
|
intrinsic |
|
contractual life |
|
|
shares |
|
exercise price |
|
value |
|
(years) |
Outstanding as of December 31, 2021 |
|
4,505,621 |
|
$ |
3.20 |
|
$ |
68,800 |
|
3.93 |
Expired |
|
(508,505) |
|
|
3.73 |
|
|
— |
|
|
Outstanding as of June 30, 2022 |
|
3,997,116 |
|
$ |
3.13 |
|
$ |
— |
|
3.89 |
Exercisable as of June 30, 2022 |
|
4,370,621 |
|
$ |
3.23 |
|
$ |
— |
|
3.38 |
|