Stockholders' Equity (Tables)
|
9 Months Ended |
Sep. 30, 2022 |
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| 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, 2022 and 2021:
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Three Months Ended September 30, |
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Nine Months Ended September 30, |
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($ in thousands) |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
|
Employee and non-employee awards |
|
$ |
2,548 |
|
$ |
2,185 |
|
$ |
7,506 |
|
$ |
6,236 |
|
Executive awards of Fortress Companies' stock |
|
|
1,531 |
|
|
377 |
|
|
2,217 |
|
|
1,070 |
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Partner Companies: |
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Avenue |
|
|
26 |
|
|
69 |
|
|
638 |
|
|
299 |
|
Checkpoint |
|
|
781 |
|
|
779 |
|
|
2,285 |
|
|
2,319 |
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Mustang |
|
|
496 |
|
|
884 |
|
|
1,810 |
|
|
2,427 |
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Journey |
|
|
1,438 |
|
|
7 |
|
|
2,985 |
|
|
41 |
|
Other |
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|
17 |
|
|
25 |
|
|
40 |
|
|
57 |
|
Total stock-based compensation expense |
|
$ |
6,837 |
|
$ |
4,326 |
|
$ |
17,481 |
|
$ |
12,449 |
|
|
| 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 |
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|
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 |
|
|
— |
|
9.26 |
Expired |
|
(370,000) |
|
|
6.27 |
|
|
— |
|
— |
Options vested and expected to vest at September 30, 2022 |
|
650,990 |
|
$ |
4.34 |
|
$ |
— |
|
1.81 |
Options vested and exercisable at September 30, 2022 |
|
650,990 |
|
$ |
4.34 |
|
$ |
— |
|
1.81 |
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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 |
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|
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 |
|
(199,824) |
|
|
2.72 |
Restricted stock units granted |
|
668,536 |
|
|
2.03 |
Restricted stock units forfeited |
|
(187,500) |
|
|
3.77 |
Restricted stock units vested |
|
(552,282) |
|
|
3.45 |
Unvested balance at September 30, 2022 |
|
20,164,902 |
|
$ |
2.57 |
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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 |
|
|
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 |
|
(2,596,171) |
|
|
3.26 |
|
|
— |
|
|
Outstanding as of September 30, 2022 |
|
1,909,450 |
|
$ |
3.11 |
|
$ |
— |
|
7.71 |
Exercisable as of September 30, 2022 |
|
1,774,450 |
|
$ |
3.19 |
|
$ |
— |
|
7.86 |
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