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Stockholders' Equity (Tables) | 3 Months Ended
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Mar. 31, 2021
Schedule of Recognized Stock-Based Compensation Expense | During the three months ended March 31, 2021 and March 31, 2020 the Company recognized stock-based compensation expense as follows:
|  | For the Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
Subscriber related |  | $ | 14 |  |  | $ | - |
Sales and marketing |  |  | 713 |  |  |  | - |
Technology and development |  |  | 2,070 |  |  |  | - |
General and administrative |  |  | 6,577 |  |  |  | 9,061 |
|  | $ | 9,374 |  |  | $ | 9,061 |
Schedule of Stock Options Assumptions | The following was used in determining the fair value of stock options granted during the three months ended March 31, 2021 and 2020:
|  | For the Three Months Ended March 31, |
|  | 2021 |  |  | 2020 |
Dividend yield |  |  | 0 | % |  |  | 0 | %
Expected price volatility |  |  | 44.85 | % |  |  | 52.28 | %
Risk-free interest rate |  |  | 0.73 | % |  |  | 1.49 | %
Expected term (years) |  |  | 6.1 |  |  |  | 2.5 |
Schedule of Stock Option Activity | A summary of stock option activity for the three months ended March 31, 2021 is as follows (in thousands, except share and per share amounts):
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Total Intrinsic Value |  |  | Weighted Average Remaining Contractual Life (in years) |
Outstanding as of December 31, 2020 |  |  | 13,450,565 |  |  | $ | 5.45 |  |  | $ | 303,036 |  |  |  | 8.1 |
Granted |  |  | 62,599 |  |  | $ | 21.14 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,011,954 | ) |  | $ | 0.76 |  |  |  |  |  |  |  |  |
Forfeited or expired |  |  | (290,724 | ) |  | $ | 4.15 |  |  |  |  |  |  |  |  |
Outstanding as of March 31, 2021 |  |  | 12,210,486 |  |  | $ | 5.95 |  |  | $ | 197,917 |  |  |  | 8.0 |
Options vested and exercisable as of March 31, 2021 |  |  | 5,119,688 |  |  | $ | 3.18 |  |  | $ | 96,994 |  |  |  | 3.8 |
Schedule of Restricted Stock Unit Activity | A summary of the Company’s restricted stock unit activity during the three months ended March 31, 2021 is as follows:
|  | Number of Shares |  |  | Weighted Average Grant-Date Fair Value |
Unvested at December 31, 2020 |  |  | 85,000 |  |  | $ | 25.26 |
Granted |  |  | 1,046,543 |  |  | $ | 33.02 |
Unvested at March 31, 2021 |  |  | 1,131,543 |  |  | $ | 32.44 |
Summary of Outstanding Warrants Activity | A summary of the Company’s outstanding warrants as of March 31, 2021 are presented below (in thousands, except share and per share amounts):
|  | Number of Warrants |  |  | Weighted Average Exercise Price |  |  | Total Intrinsic Value |  |  | Weighted Average Remaining Contractual Life (in years) |
Outstanding as of December 31, 2020 |  |  | 2,535,528 |  |  | $ | 8.22 |  |  | $ | 50,560 |  |  |  | 1.0 |
Exercised |  |  | (713,257 | ) |  | $ | 8.83 |  |  | $ | - |  |  |  | - |
Outstanding as of March 31, 2021 |  |  | 1,822,271 |  |  | $ | 7.98 |  |  | $ | 26,171 |  |  |  | 0.7 |
Warrants exercisable as of March 31, 2021 |  |  | 1,822,271 |  |  | $ | 7.98 |  |  | $ | 26,171 |  |  |  | 0.7 |
Market and Service Condition Based Options [Member] |
Schedule of Stock Option Activity | A summary of activity under the Plan for market and service-based stock options for the three months ended March 31, 2021 is as follows (in thousands, except share and per share amounts):
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Total Intrinsic Value |  |  | Weighted Average Remaining Contractual Life (in years) |
Outstanding as of December 31, 2020 |  |  | 3,078,297 |  |  | $ | 9.69 |  |  | $ | 56,351 |  |  |  | 6.3 |
Outstanding as of March 31, 2021 |  |  | 3,078,297 |  |  | $ | 9.69 |  |  | $ | 38,250 |  |  |  | 6.1 |
Options vested and exercisable as of March 31, 2021 |  |  | 3,078,297 |  |  | $ | 9.69 |  |  | $ | 38,250 |  |  |  | 6.1 |

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- Definition Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB Topic 14.F) -URI http://asc.fasb.org/extlink&oid=122041274&loc=d3e301413-122809 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 + Details
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- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
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