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Equity Equity (Tables) | 9 Months Ended
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Sep. 30, 2021
Equity [Abstract] |
Schedule of Series B Preferred Stock | The below table illustrates changes in the Company’s balance of Series B Preferred Stock for the three months ended September 30, 2021 (in thousands, except share amounts):
| Series B Preferred Stock
| Shares |  | Amount
Balance at June 30, 2021 | 100,000 |  | $ | 92,494 |
Deemed dividends | — |  |  | — |
Balance at September 30, 2021 | 100,000 |  |  | $ | 92,494 |
The below table illustrates changes in the Company’s balance of Series B Preferred Stock for the three months ended September 30, 2020 (in thousands, except share amounts):
| Series B Preferred Stock
| Shares |  | Amount
Balance at June 30, 2020 | — |  |  | $ | — |
Issuance of Series B Preferred Stock | 100,000 |  |  | 59,540 |
Deemed dividends | — |  |  | 31,568 |
Balance at September 30, 2020 | 100,000 |  |  | $ | 91,108 |
The below table illustrates changes in the Company’s balance of Series B Preferred Stock for the nine months ended September 30, 2021 (in thousands, except share amounts):
| Series B Preferred Stock
| Shares |  | Amount
Balance at December 31, 2020 | 100,000 |  |  | $ | 91,568 |
Deemed dividends | — |  |  | 926 |
Balance at September 30, 2021 | 100,000 |  |  | $ | 92,494 |
The below table illustrates changes in the Company’s balance of Series B Preferred Stock for the nine months ended September 30, 2020 (in thousands, except share amounts):
| Series B Preferred Stock
| Shares |  | Amount
Balance at December 31, 2019 | — |  |  | $ | — |
Issuance of Series B Preferred Stock | 100,000 |  |  | 59,540 |
Deemed dividends | — |  |  | 31,568 |
Balance at September 30, 2020 | 100,000 |  |  | $ | 91,108 |
Summary of Restricted Stock Awards by Award Type | The below table summarizes activity of unvested restricted stock awards by award type from January 1, 2021 through September 30, 2021. Unvested RSA awards noted below are included in issued and outstanding common stock as of September 30, 2021, while unvested RSUs and PSUs are not included in issued or outstanding common stock as of September 30, 2021.
| RSA |  | RSU |  | PSU
| Number of Shares | Weighted-Average Grant Date Fair Value |  | Number of Shares | Weighted-Average Grant Date Fair Value |  | Number of Shares | Weighted-Average Grant Date Fair Value
Unvested at January 1, 2021 | 2,175,859 |  | $ | 4.78 |  |  | 2,325,273 |  | $ | 5.90 |  |  | 35,212 |  | $ | 7.10 |
Granted | — |  | — |  |  | 2,991,137 |  | 10.11 |  |  | — |  | — |
Vested | (975,259) |  | 4.94 |  |  | (775,193) |  | 5.89 |  |  | (35,212) |  | 7.10 |
Forfeited | (66,374) |  | 3.38 |  |  | (252,486) |  | 8.63 |  |  | — |  | — |
Unvested at September 30, 2021 | 1,134,226 |  | $ | 4.73 |  |  | 4,288,731 |  | $ | 8.67 |  |  | — |  | $ | — |
Summary of Stock Options Activity | A summary of stock option activity for the nine months ended September 30, 2021 is presented below:
| Number of Shares |  | Weighted- Average Exercise Price |  | Weighted- Average Remaining Contractual Term (in years) |  | Aggregate Intrinsic Value
Outstanding at January 1, 2021 | 2,025,683 |  |  | $ | 4.62 |  |  |  |  |
Granted | — |  |  | — |  |  |  |  |
Exercised | (524,171) |  |  | 3.40 |  |  |  |  |
Unvested options forfeited | — |  |  | — |  |  |  |
Vested options expired | (50,000) |  |  | 1.23 |  |  |  |
Outstanding at September 30, 2021 | 1,451,512 |  |  | 5.18 |  |  | 1.77 |  | 1,982,949 |
Exercisable at September 30, 2021 | 1,451,212 |  |  | $ | 5.18 |  |  | 1.77 |  | $ | 1,982,949 |

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- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, 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 (d) -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 (e) -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 (c)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
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- Definition Tabular disclosure of temporary equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (27) -URI http://asc.fasb.org/extlink&oid=120391452&loc=d3e13212-122682 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 480 -SubTopic 10 -Section S99 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=122040564&loc=d3e177068-122764 + Details
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