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Compensation Plans
 6 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Compensation Plans

10. Compensation Plans

 

The Company provides stock-based compensation in the form of (a) stock awards to employees and directors, comprised of restricted stock awards and restricted stock units (collectively referred to as the “Restricted Stock Awards”), (b) stock option grants to employees directors and consultants (referred to as the “Common Stock Awards”) (c) stock option awards, restricted stock awards, unrestricted stock awards, and stock appreciation rights to employees, directors and consultants (collectively the “Common Equity Awards”), (d) stock option awards outside the 2016 Stock Incentive Plan and 2019 Equity Incentive Plan to certain officers, directors and employees (referred to as the “Outside Options”), (e) common stock warrants to the Company’s channel partners (referred to as the “Channel Partner Warrants”), and (f) common stock warrants to ABG-SI, LLC (referred to as the “ABG Warrants”).

 

Stock-based compensation and equity-based expense charged to operations or capitalized during the three months and six months ended June 30, 2020 and 2019 are summarized as follows:

 

    Restricted     Common     Common           Channel              
    Stock     Stock     Equity     Outside     Partner     ABG        
    Awards     Awards     Awards     Options     Warrants     Warrants     Totals  
During the Three Months Ended June 30, 2020                                                        
Cost of revenue   $ 35,750     $ 27,970     $ 1,073,674     $ 1,967     $ 27,623     $ -     $ 1,166,984  
Selling and marketing     298,187       23,783       701,925       43,489       -       -       1,067,384  
General and administrative     135,332       138,156       819,916       95,394       -       360,289       1,549,087  
Total costs charged to operations     469,269       189,909       2,595,515       140,850       27,623       360,289       3,783,455  
Capitalized platform development     75,709       80,608       341,642       1,652       -       -       499,611  
Total stock-based compensation   $ 544,978     $ 270,517     $ 2,937,157     $ 142,502     $ 27,623     $ 360,289     $ 4,283,066  
                                                         
During the Three Months Ended June 30, 2019                                                        
Cost of revenue   $ 26,526     $ 6,965     $ 131,057     $ 149     $ 6,561     $ -     $ 171,258  
Selling and marketing     -       25,995       120,036       25,305       -       -       171,336  
General and administrative     859,222       395,087       931,393       44,695       -       67,307       2,297,704  
Total costs charged to operations     885,748       428,047       1,182,486       70,149       6,561       67,307       2,640,298  
Capitalized platform development     194,353       42,793       165,030       2,146       -       -       404,322  
Total stock-based compensation   $ 1,080,101       470,840     $ 1,347,516     $ 72,295     $ 6,561     $ 67,307     $ 3,044,620  
                                                         
During the Six Months Ended June 30, 2020                                                        
Cost of revenue   $ 73,326     $ 97,766     $ 2,083,266     $ 3,173     $ 35,662     $ -     $ 2,293,193  
Selling and marketing     597,402       59,511       1,380,204       98,867       -       -       2,135,984  
General and administrative     158,252       309,828       1,575,163       150,577       -       720,578       2,914,398  
Total costs charged to operations     828,980       467,105       5,038,633       252,617       35,662       720,578       7,343,575  
Capitalized platform development     145,992       121,765       597,643       4,263       -       -       869,663  
Total stock-based compensation   $ 974,972     $ 588,870     $ 5,636,276     $ 256,880     $ 35,662     $ 720,578     $ 8,213,238  
                                                         
During the Six Months Ended June 30, 2019                                                        
Cost of revenue   $ 61,901     $ 27,184     $ 131,057     $ 1,278     $ 18,909     $ -     $ 240,329  
Selling and marketing     34,393       47,940       120,036       77,251       -       -       279,620  
General and administrative     1,574,859       799,517       932,285       66,008       -       67,307       3,439,976  
Total costs charged to operations     1,671,153       874,641       1,183,378       144,537       18,909       67,307       3,959,925  
Capitalized platform development     332,309       72,785       165,030       2,146       -       -       572,270  
Total stock-based compensation   $ 2,003,462       947,426     $ 1,348,408     $ 146,683     $ 18,909     $ 67,307     $ 4,532,195  

 

Unrecognized compensation expense related to the stock-based compensation awards and equity-based awards as of June 30, 2020 was as follows:

 

    Restricted Stock Awards     Common Stock Awards     Common Equity Awards     Outside Options     Channel Partner Warrants     ABG Warrants     Totals  
Unrecognized compensation expense   $ 902,489     $ 1,230,827     $ 26,166,996     $ 464,309     $ 1,011     $ 3,942,598     $ 32,708,230  
Weighted average period expected to be recognized (in years)     0.69       0.87       2.27       1.68       0.25       2.88       2.24