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Compensation Plans

3 Months Ended

Mar. 31, 2021

Share-based Payment Arrangement [Abstract]

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 of 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 publisher partners (referred to as the “Publisher 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 ended March 31, 2021 and 2020 are summarized as follows:

	Restricted		Common		Common				Publisher
	Stock		Stock		Equity		Outside		Partner		ABG
	Awards		Awards		Awards		Options		Warrants		Warrants		Totals
During the Three Months Ended March 31, 2021
Cost of revenue	$	24,460	$	127,063	$	1,290,374	$	2,041	$	-	$	-	$	1,443,938
Selling and marketing		-		5,038		971,513		74,806		-		-		1,051,357
General and administrative		3,445		117,327		2,126,615		-		-		356,330		2,603,717
Total costs charged to operations		27,905		249,428		4,388,502		76,847		-		356,330		5,099,012
Capitalized platform development		4,823		2,720		300,034		1,618		-		-		309,195
Total stock-based compensation	$	32,728	$	252,148	$	4,688,536	$	78,465	$	-	$	356,330	$	5,408,207

During the Three Months Ended March 31, 2020
Cost of revenue	$	37,576	$	69,796	$	1,009,592	$	1,206	$	8,039	$	-	$	1,126,209
Selling and marketing		299,215		35,728		678,279		55,378		-		-		1,068,600
General and administrative		22,920		171,672		755,247		55,183		-		360,289		1,365,311
Total costs charged to operations		359,711		277,196		2,443,118		111,767		8,039		360,289		3,560,120
Capitalized platform development		70,283		41,157		256,001		2,611		-		-		370,052
Total stock-based compensation	$	429,994		318,353	$	2,699,119	$	114,378	$	8,039	$	360,289	$	3,930,172

Unrecognized compensation expense and expected weighted-average period to be recognized related to the stock-based compensation awards and equity-based awards as of March 31, 2021 was as follows:

	Restricted		Common		Common				Publisher
	Stock		Stock		Equity		Outside		Partner		ABG
	Awards		Awards		Awards		Options		Warrants		Warrants		Totals
Unrecognized compensation expense	$	48,891	$	226,834	$	67,977,275	$	292,584	$	-	$	2,857,773	$	71,403,357
Expected weighted-average period expected to be recognized (in years)		0.70		0.44		2.46		0.94		-		2.13		2.43

Further details as of the date these condensed consolidated financial statements were issued or were available to be issued are provided under the heading Compensation Plans in Note 13.