Stockholders' Equity (Tables)
|
9 Months Ended |
Sep. 30, 2020 |
|---|
| 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 nine months ended September 30, 2020 and 2019:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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($ in thousands) |
|
2020 |
|
2019 |
|
2020 |
|
2019 |
|
Employee awards |
|
$ |
1,200 |
|
$ |
936 |
|
$ |
3,732 |
|
$ |
2,791 |
|
Executive awards of Fortress Companies' stock |
|
|
369 |
|
|
358 |
|
|
1,136 |
|
|
1,065 |
|
Non-employee awards |
|
|
31 |
|
|
15 |
|
|
136 |
|
|
84 |
|
Warrants |
|
|
32 |
|
|
97 |
|
|
97 |
|
|
97 |
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Partner Companies: |
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|
|
|
|
|
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Avenue |
|
|
161 |
|
|
298 |
|
|
592 |
|
|
1,585 |
|
Checkpoint |
|
|
725 |
|
|
833 |
|
|
2,095 |
|
|
2,444 |
|
Mustang |
|
|
606 |
|
|
1,120 |
|
|
2,368 |
|
|
2,174 |
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Other |
|
|
47 |
|
|
84 |
|
|
163 |
|
|
183 |
|
Total stock-based compensation expense |
|
$ |
3,171 |
|
$ |
3,741 |
|
$ |
10,319 |
|
$ |
10,423 |
|
|
| 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, 2019 |
|
1,410,501 |
|
$ |
4.30 |
|
$ |
684,752 |
|
2.33 |
Exercised |
|
(100,000) |
|
|
1.18 |
|
|
— |
|
— |
Forfeited |
|
(247,011) |
|
|
2.55 |
|
|
— |
|
— |
Options vested and expected to vest at September 30, 2020 |
|
1,063,490 |
|
$ |
5.00 |
|
$ |
1,044,218 |
|
2.87 |
|
| 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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|
|
|
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Weighted |
|
|
|
|
average grant |
|
|
Number of shares |
|
price |
Unvested balance at December 31, 2019 |
|
13,768,014 |
|
$ |
2.46 |
Restricted stock granted |
|
1,873,072 |
|
|
2.57 |
Restricted stock vested |
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(1,549,564) |
|
|
2.69 |
Restricted stock units granted |
|
630,126 |
|
|
3.82 |
Restricted stock units forfeited |
|
(106,250) |
|
|
2.71 |
Restricted stock units vested |
|
(368,290) |
|
|
3.13 |
Unvested balance at September 30, 2020 |
|
14,247,108 |
|
$ |
2.49 |
|
| 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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|
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|
|
|
average |
|
remaining |
|
|
Number of |
|
Weighted average |
|
intrinsic |
|
contractual life |
|
|
shares |
|
exercise price |
|
value |
|
(years) |
Outstanding as of December 31, 2019 |
|
2,741,180 |
|
$ |
3.19 |
|
$ |
111,000 |
|
2.73 |
Granted |
|
1,849,450 |
|
|
3.14 |
|
|
1,657,538 |
|
— |
Forfeited |
|
(9) |
|
|
3.00 |
|
|
— |
|
— |
Outstanding as of September 30, 2020 |
|
4,590,621 |
|
$ |
3.17 |
|
$ |
4,111,018 |
|
5.10 |
Exercisable as of September 30, 2020 |
|
4,430,621 |
|
$ |
3.21 |
|
$ |
3,816,818 |
|
5.05 |
|