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Stock-Based Compensation (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Restricted Stock Units Activity

A summary of the restricted stock award activity during the years ended December 31, 2019 and 2018 is as follows:

		Number of Shares								Weighted Average Grant-Date
		Unvested				Vested				Fair Value
Restricted stock awards outstanding at January 1, 2018			6,979,596				5,537,556			$	0.41
Issued			4,606,503				-				0.72
Vested			(4,946,490	)			4,946,490
Forfeited			(329,735	)			-
Restricted stock awards outstanding at December 31, 2018			6,309,874				10,484,046				0.50
Issued			833,333				-				0.48
Vested			(3,926,542	)			3,926,542
Forfeited			(825,000	)			(402,512	)
Restricted stock awards outstanding at December 31, 2019			2,391,665				14,008,076				0.56

ABG Warrants [Member]

Schedule of Warrants Assumptions

The fair value of the ABG Warrants granted during the year ended December 31, 2019 were calculated using the Monte Carlo model by an independent appraisal firm under the Probability Weighted Scenarios utilizing the following assumptions:

		Up-list				No Up-list
Risk-free interest rate			2.00% – 2.10%				2.00% – 2.10%
Expected dividend yield			0.00%				0.00%
Expected volatility			51.00% – 52.00%				121.00% – 123.00%
Expected life			6.0 – 7.3 years				6.2 – 7.3 years

Schedule of Warrants Activity

A summary of the ABG Warrant activity during the year ended December 31, 2019 is as follows:

Weighted

Average

Weighted

Remaining

Number

Average

Contractual

of

Exercise

Life

Shares

Price

(in Years)

ABG Warrants outstanding at January 1, 2019

-

$

-

Issued

21,989,844

0.55

ABG Warrants outstanding at December 31, 2019

21,989,844

0.55

9.46

ABG Warrants exercisable at December 31, 2019

-

ABG Warrants not vested at December 31, 2019

21,989,844

Summary of Stock-based Compensation

Stock–based compensation and equity-based expense charged to operations or capitalized during the years ended December 31, 2019 and 2018 are summarized as follows:

		Year Ended December 31, 2019
		Restricted				Common				Common								Channel
		Stock				Stock				Equity				Outside				Partner				ABG
		Awards				Awards				Awards				Options				Warrants				Warrants				Totals
Cost of revenue		$	122,192			$	44,520			$	774,632			$	1,580			$	50,828			$	-			$	993,752
Selling and marketing			34,393				100,388				455,280				242,399				-				-				832,460
General and administrative			2,541,468				1,660,607				3,383,338				157,359				-				795,803				8,538,575
Total costs charged to operations			2,698,053				1,805,515				4,613,250				401,338				50,828				795,803				10,364,787
Capitalized platform development			535,004				175,837				590,618				5,931				-				-				1,307,390
Total stock-based compensation		$	3,233,057				1,981,352			$	5,203,868			$	407,269			$	50,828			$	795,803			$	11,672,177

		Year Ended December 31, 2018
		Restricted				Common				Common								Channel
		Stock				Stock				Equity				Outside				Partner				ABG
		Awards				Awards				Awards				Options				Warrants				Warrants				Totals
Cost of revenue		$	6,745			$	-			$	-			$	-			$	152,460			$	-			$	159,205
Selling and marketing			607				67,062				8,782				-				-				-				76,451
General and administrative			2,973,051				1,130,326				1,791				-				-				-				4,105,168
Total costs charged to operations			2,980,403				1,197,388				10,573				-				152,460				-				4,340,824
Capitalized platform development			1,639,038				211,346				-				-				-				-				1,850,384
Total stock-based compensation		$	4,619,441				1,408,734			$	10,573			$	-			$	152,460			$	-			$	6,191,208

Stock Options Outside 2016 Plan [Member]

Schedule of Fair Value of Stock Options Assumptions

The fair value for the outside options granted during the year ended December 31, 2018 were calculated using the Black-Scholes option-pricing model utilizing the following assumptions:

Risk-free interest rate			2.79% – 3.09%
Expected dividend yield			0.00%
Expected volatility			113.49% – 116.86%
Expected life			6.0 years

The fair value for the outside options granted during the year ended December 31, 2019 were calculated using the Black-Scholes option pricing model for the time-based and performance-based awards by an independent appraisal firm under the Probability Weighted Scenarios utilizing the following assumptions:

		Up-list				No Up-list
Risk-free interest rate			2.49% – 2.57%				2.49% – 2.57%
Expected dividend yield			0.00%				0.00%
Expected volatility			74.00% – 95.00%				122.00% – 142.00%
Expected life			3.0 – 5.8 years				3.0 – 5.8 years

Summary of Stock Option Activity

A summary of outside option activity during the years ended December 31, 2019 and 2018 is as follows:

										Weighted
										Average
						Weighted				Remaining
		Number				Average				Contractual
		of				Exercise				Life
		Shares				Price				(in Years)
Outside options outstanding at January 1, 2018			-			$	-
Granted			2,414,000				0.36
Outside options outstanding at December 31, 2018			2,414,000				0.36				9.94
Granted			1,500,000				0.57				9.94
Exercised			(2,000	)			0.35
Forfeited			(180,000	)			0.35
Expired			(7,333	)			0.35
Outside options outstanding at December 31, 2019			3,724,667				0.21				9.04
Outside options vested at December 31, 2019			1,203,667				0.89				9.02
Stock options exercisable at December 31, 2019			-
Stock options not vested at December 31, 2019			2,521,000

Schedule of Exercise Prices of Common Stock Options

The exercise prices of outside options outstanding, vested and exercisable are as follows as of December 31, 2019:

Exercise

Outstanding

Vested

Exercisable

Price

(Shares)

(Shares)

(Shares)

Under $1.00

3,724,667

1,203,667

-

Channel Partner Warrant Program [Member]

Schedule of Warrants Assumptions

The fair value of Channel Partner Warrants issued during the year ended December 31, 2018 were calculated using the Black-Scholes option-pricing model utilizing the following assumptions:

Risk-free interest rate			2.54% – 2.89%
Expected dividend yield			0.00%
Expected volatility			95.73% – 119.45%
Expected life			3.0 – 5.0 years

Schedule of Warrants Activity

A summary of the Channel Partner Warrants activity during the years ended December 31, 2019 and 2018 is as follows:

										Weighted
										Average
						Weighted				Remaining
		Number				Average				Contractual
		of				Exercise				Life
		Shares				Price				(in Years)
Channel Partner Warrants outstanding at January 1, 2018			1,303,832			$	1.48				4.35
Issued			295,000				1.74
Forfeited			(581,692	)			1.47
Channel Partner Warrants outstanding at December 31, 2018			1,017,140				1.47				3.26
Forfeited			(77,599	)			1.62
Channel Partner Warrants outstanding at December 31, 2019			939,541				1.46				2.57
Channel Partner Warrants exercisable at December 31, 2019			613,041				1.50				2.63
Channel Partner Warrants available for future grants at December 31, 2019			1,060,459

Common Stock Awards [Member]

Schedule of Fair Value of Stock Options Assumptions

The fair value of common stock awards granted during the year ended December 31, 2018 were calculated using the Black-Scholes option pricing model utilizing the following assumptions:

Risk-free interest rate			2.27% – 3.05%
Expected dividend yield			0.00%
Expected volatility			108.34% – 139.36%
Expected life			3.0 – 6.0 years

Summary of Stock Option Activity

A summary of the common stock award activity during the years ended December 31, 2019 and 2018 is as follows:

										Weighted
										Average
						Weighted				Remaining
		Number				Average				Contractual
		of				Exercise				Life
		Shares				Price				(in Years)
Common stock awards outstanding at January 1, 2018			2,176,637			$	1.25				9.25
Granted			8,187,750				0.84
Exercised			(125,000	)			0.17
Forfeited			(732,353	)			1.41
Expired			(101,493	)			1.49
Common stock awards outstanding at December 31, 2018			9,405,541				0.61				9.30
Exercised			(25,000	)			0.17
Forfeited			(1,197,776	)			0.73
Expired			(118,204	)			1.09
Common stock awards outstanding at December 31, 2019			8,064,561				0.62				8.34
Common stock awards exercisable at December 31, 2019			4,970,584				1.02				8.25
Common stock awards not vested at December 31, 2019			3,093,977
Common stock awards available for future grants at December 31, 2019			1,935,439

Schedule of Exercise Prices of Common Stock Options

The exercise prices of common stock awards outstanding and exercisable are as follows as of December 31, 2019:

Exercise		Outstanding				Exercisable
Price		(Shares)				(Shares)
Under $1.00			5,048,750				2,539,496
$1.01 to $1.25			1,553,333				1,154,687
$1.26 to $1.50			28,309				18,448
$1.51 to $1.75			345,000				239,759
$1.76 to $2.00			924,169				904,444
$2.01 to $2.25			135,000				83,750
$2.26 to $2.50			30,000				30,000
			8,064,561				4,970,584

Common Equity Awards [Member]

Schedule of Fair Value of Stock Options Assumptions

The fair value of common equity awards granted during the year ended December 31, 2019 was calculated using the Black-Scholes option pricing model for the time-based and performance-based awards by an independent appraisal firm under the Probability Weighted Scenarios utilizing the following assumptions:

		Up-list				No Up-list
Risk-free interest rate			1.51% – 2.59%				1.51% – 2.59%
Expected dividend yield			0.00%				0.00%
Expected volatility			69.00% – 95.00%				119.00% – 149.00%
Expected life			3.0 – 6.0 years				3.0 – 6.0 years

The fair value of common equity awards granted during the year ended December 31, 2019 were calculated using the Monte Carlo model for the market-based awards by an independent appraisal firm under the Probability Weighted Scenarios utilizing the following assumptions:

		Up-list				No Up-list
Risk-free interest rate			2.20% – 2.70%				2.16% – 2.71%
Expected dividend yield			0.00%				0.00%
Expected volatility			140.00% – 146.00%				110.00%
Expected life			10.0 years				10.0 years

Summary of Stock Option Activity

A summary of the common equity award activity during the year ended December 31, 2019 is as follows:

										Weighted
										Average
						Weighted				Remaining
		Number				Average				Contractual
		of				Exercise				Life
		Shares				Price				(in Years)
Common equity awards outstanding at January 1, 2019			-			$	-				-
Granted			68,180,863				0.53
Forfeited			(3,167,218	)			0.53
Common equity awards outstanding at December 31, 2019			65,013,645				0.53				9.43
Common equity awards vested at December 31, 2019			55,556
Common equity awards exercisable at December 31, 2019			-
Common equity awards not vested at December 31, 2019			64,958,089
Common equity awards available for future grants at December 31, 2019			19,986,355

Schedule of Exercise Prices of Common Stock Options

The exercise prices for the common equity awards outstanding, vested and exercisable are as follows at December 31, 2019:

Exercise		Outstanding				Vested				Exercisable
Price		(Shares)				(Shares)				(Shares)
No exercise price			250,000				-				-
Under $1.00			64,763,645				55,566				-
			65,013,645				55,556				-

Restricted Stock Units [Member]

Schedule of Restricted Stock Units Activity

A summary of the restricted stock unit activity during the year ended December 31, 2019 is as follows:

										Weighted Average
		Number of Shares								Grant-Date
		Unvested				Vested				Fair Value
Restricted stock units outstanding at January 1, 2019			-				-			$	-
Issued			2,399,997				-				0.45
Restricted stock units outstanding at December 31, 2019			2,399,997				-				0.45
Restricted stock units credited to a separate account at December 31, 2019			-				-

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