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:

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​

​

​

​

​

​

​

​

​

​

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:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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:

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​

​

​

​

​

​

​

    

​

    

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:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

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

​