v3.22.1
Equity Awards
 3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement [Text Block]

Note 15 – Equity Awards

 

The following table sets forth information on outstanding option and stock awards held by the named executive officers of the Company at March 31, 2022 and December 31, 2021, including the number of shares underlying both exercisable and un-exercisable portions of each stock option as well as the exercise price and the expiration date of each outstanding option. See Note to Notes to Consolidated Financial Statements.

 

Outstanding Equity Awards After Fiscal Year-End (1)

Name

 

Number of securities underlying unexercised

options exercisable (1)(5)

 

 

 

Number of securities underlying unexercised

options un-exercisable (2)

 

 

Option Exercise Price ($)

 

 

Option Grant Date

 

 

Option Expiration Date

Michael Mildebrandt

 

 

3,704

 

(3)(4)

 

 

8

 

 

$

.001

 

 

11/01/2019

 

 

11/01/2023

Adrian Balinski

 

 

3,704

 

(3)(4)

 

 

8

 

 

$

.001

 

 

11/01/2019

 

 

11/01/2023

 

 

(1)

7,408 shares were issued for Equity Awards during the year ended December 31, 2019.

 

(2)

All options vest 20% per year beginning on the first anniversary of their grant date.

 

(3)

Messrs. Mildebrandt and Balinski were each awarded 3,704 shares of restricted common stock as of October 31, 2020, for being officers and directors of the Company.

 

(4)

Mr. Mildebrandt and Mr. Balinski have resigned as officers and directors.

 

(5)

Mr. Charles O’Dowd, former president of ABCO, resigned on October 7, 2019. All options previously issued to Mr. O’Dowd expired on January 1, 2021 and none were exercised at any time.

 

An aggregate of 7,408 stock awards are outstanding under the Equity Incentive Plan (“EIP”) at March 31, 2022.

 

Effective January 9, 2021, the Company issued an aggregate of 5,000,000 restricted common shares for services rendered, of which 500,000 were awarded to Wayne Marx, an officer and Director, 3,5000,000 shares to an LLC controlled by David Shorey, President, CEO and CFO, and 1,000,000 shares to an outside consultant.