Stockholders' Equity (Tables)
|
6 Months Ended |
Jun. 30, 2021 |
|---|
| 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 June 30, 2021 and 2020:
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Three Months Ended June 30, |
|
Six Months Ended June 30, |
|
($ in thousands) |
|
2021 |
|
2020 |
|
2021 |
|
2020 |
|
Employee awards |
|
$ |
1,888 |
|
$ |
1,315 |
|
$ |
3,376 |
|
$ |
2,532 |
|
Executive awards of Fortress Companies' stock |
|
|
348 |
|
|
366 |
|
|
693 |
|
|
767 |
|
Non-employee awards |
|
|
653 |
|
|
51 |
|
|
675 |
|
|
105 |
|
Warrants |
|
|
— |
|
|
65 |
|
|
— |
|
|
65 |
|
Partner Companies: |
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|
|
|
|
|
|
|
|
|
|
|
|
Avenue |
|
|
116 |
|
|
216 |
|
|
230 |
|
|
431 |
|
Checkpoint |
|
|
766 |
|
|
731 |
|
|
1,540 |
|
|
1,370 |
|
Mustang |
|
|
547 |
|
|
957 |
|
|
1,543 |
|
|
1,762 |
|
Other |
|
|
32 |
|
|
47 |
|
|
66 |
|
|
116 |
|
Total stock-based compensation expense |
|
$ |
4,350 |
|
$ |
3,748 |
|
$ |
8,123 |
|
$ |
7,148 |
|
|
| 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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|
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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, 2020 |
|
1,053,490 |
|
$ |
5.02 |
|
$ |
647,482 |
|
2.63 |
Forfeited |
|
(25,000) |
|
|
4.88 |
|
|
— |
|
— |
Options vested and expected to vest at June 30, 2021 |
|
1,028,490 |
|
$ |
5.02 |
|
$ |
824,878 |
|
2.15 |
|
| 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 grant |
|
|
Number of shares |
|
price |
Unvested balance at December 31, 2020 |
|
15,507,504 |
|
$ |
2.49 |
Restricted stock granted |
|
2,330,678 |
|
|
3.17 |
Restricted stock vested |
|
(236,668) |
|
|
2.75 |
Restricted stock units granted |
|
1,112,666 |
|
|
4.13 |
Restricted stock units forfeited |
|
(78,750) |
|
|
3.47 |
Restricted stock units vested |
|
(197,917) |
|
|
3.48 |
Unvested balance at June 30, 2021 |
|
18,437,513 |
|
$ |
2.66 |
|
| 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, 2020 |
|
4,590,621 |
|
$ |
3.17 |
|
$ |
607,848 |
|
4.85 |
Expired |
|
(60,000) |
|
|
1.37 |
|
|
— |
|
|
Forfeited |
|
(25,000) |
|
|
3.00 |
|
|
— |
|
|
Outstanding as of June 30, 2021 |
|
4,505,621 |
|
$ |
3.20 |
|
$ |
1,958,891 |
|
4.44 |
Exercisable as of June 30, 2021 |
|
4,370,621 |
|
$ |
3.23 |
|
$ |
1,754,141 |
|
4.36 |
|