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Stock Compensation
 6 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Stock Compensation

Note 7 - Stock Compensation

 

Stock Options

 

Option awards are generally granted with an exercise price equal to the market price of the Company’s Common Stock at the date of grant; those options generally vest based on three years of continuous service and have ten-year contractual terms. Certain option and share awards provide for accelerated vesting if there is a change in control, as defined in the plans. For the six months ended June 30, 2025the Company managed the following equity plans: SharpLink Gaming Ltd. 2021 Equity Incentive Plan, SharpLink, Inc. 2020 Stock Incentive Plan, SharpLink Gaming, Inc. 2023 Equity Incentive Plan and SHGN 2018 Stock Incentive Plan.

 

The Company granted no options for the three and six months ended June 30, 2025 and 2024, respectively. The Company recognized stock compensation expense for stock options of $72,898 and $85,204 for the six months ended June 30, 2025 and 2024, respectively, of which $0 and $12,041 of expense are recorded in discontinued operations. The Company recognized stock compensation expense for stock options of $36,534 and $43,052 for the three months ended June 30, 2025 and 2024, respectively, of which $0 and $0 of expense are recorded in discontinued operations. 

 

The summary of activity under the plans as of June 30, 2025, and change during the six months ended June 30, 2025, is as follows:

 

           Weighted     
       Weighted   average     
       average   remaining   Aggregate 
       exercise   contractual   intrinsic 
Options  Shares   price   term   value 
Outstanding as of December 31, 2024   9,022   $91.06    7.6   $      - 
Granted   -    -           
Exercised   -    -           
Forfeited   -    -           
Expired   -    -           
Outstanding as of June 30, 2025   9,022   $91.06    7.1   $- 
Exercisable as of June 30, 2025   7,214   $95.85    7.1   $- 

 

The summary of activity under the plans as of June 30, 2024, and change during the six months ended June 30, 2024, is as follows:

 

           Weighted     
       Weighted   average     
       average   remaining   Aggregate 
       exercise   contractual   intrinsic 
Options  Shares   price   term   value 
Outstanding as of December 31, 2023   34,568   $105.48    7.7   $3,750 
Granted   -                
Exercised   -                
Forfeited   (8,564)  $68.40           
Expired   (13,998)  $105.60           
Outstanding as of June 30, 2024   12,006   $131.64    7.9   $1,500 
Exercisable as of June 30, 2024   7,429   $163.44    7.7   $1,500 

 

Unamortized stock compensation expense of $36,223 will be recognized through 2026 for 1,808 of unvested options which have a weighted average recognition period of seven (7) years.

 

 

Restricted Stock Units

 

The Company’s Compensation Committee recommended to the Board of Directors and the Board approved the granting of certain restricted stock units (“RSU”) to members of the senior leadership team and the Board of Directors that vest over the passage of time. The Company recognized stock compensation expense for RSU awards of $294,133 and $212,800 for the six months ended June 30, 2025 and 2024, respectively. The Company recognized stock compensation expense for RSU’s of $261,038 and $212,800 for the three months ended June 30, 2025 and 2024, respectively.

 

The following is a summary of RSU activity for the six months ended June 30, 2025:

 

           Weighted     
       Weighted   Average     
       Average Grant   Remaining   Aggregate 
       Date Fair   Contractual   Intrinsic 
   Shares   Value   Term   Value 
Outstanding as of December 31, 2024   12,501   $8.9    -    - 
Granted   29,168    -    -    - 
Cancelled   -    -    -    - 
Vested and released   (37,502)   1.98    -    325,517 
Outstanding and unvested as of June 30, 2025   4,167   $8.89    10.94   $- 

 

The total unrecognized compensation cost related to unvested RSUs as of June 30, 2025 was $36,646.

 

The following is a summary of RSU activity for the six months ended June 30, 2024:

 

           Weighted     
       Weighted   Average     
       Average Grant   Remaining   Aggregate 
       Date Fair   Contractual   Intrinsic 
   Shares   Value   Term   Value 
Outstanding as of December 31, 2023   -   $-    -    - 
Granted   24,999    16.77    -    - 
Cancelled   -    -    -    - 
Vested and released   (12,501)   16.77    -    3,200 
Outstanding and unvested as of June 30, 2024   12,498   $16.77    3.78   $-