Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity (Tables)

v3.23.1
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2023
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 months ended March 31, 2023 and 2022:

Three Months Ended March 31, 

($ in thousands)

    

2023

    

2022

Employee and non-employee awards

$

2,437

$

2,599

Executive awards of Fortress Companies' stock

 

407

 

162

Partner Companies:

 

Avenue

 

11

 

569

Checkpoint

 

969

 

775

Mustang

 

235

 

664

Journey

646

773

Other

 

26

 

21

Total stock-based compensation expense

$

4,731

$

5,563

Schedule of Stock Option Activities

The following table summarizes Fortress stock option activities excluding activity related to Fortress partner companies:

Weighted average

Total

remaining

Weighted average

weighted average

contractual life

    

Number of shares

    

exercise price

    

intrinsic value

    

(years)

Options vested and expected to vest at December 31, 2022

 

2,650,990

$

1.47

$

230,000

 

5.64

Forfeited

(2,500)

2.50

Expired

(45,000)

7.42

Options vested and expected to vest at March 31, 2023

 

2,603,490

$

1.37

$

560,000

 

5.49

Options vested and exercisable at March 31, 2023

603,490

$

4.11

$

 

1.39

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:

    

    

Weighted

average grant

Number of shares

price

Unvested balance at December 31, 2022

20,550,027

$

2.36

Restricted stock granted

2,578,588

0.66

Restricted stock vested

(304,375)

2.46

Restricted stock units granted

190,000

0.75

Restricted stock units vested

(61,988)

3.39

Unvested balance at March 31, 2023

22,952,252

$

2.15

Schedule of Warrant activities

The following table summarizes Fortress warrant activities, excluding activities related to Fortress Companies:

Total weighted

Weighted average

average

remaining

Number of

Weighted average

 intrinsic

contractual life

    

shares

    

exercise price

    

value

    

(years)

Outstanding as of December 31, 2022

 

1,909,450

$

3.11

$

 

7.45

Outstanding as of March 31, 2023

 

1,909,450

$

3.11

$

 

7.21

Exercisable as of March 31, 2023

 

1,774,450

$

3.19

$

 

7.37