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STOCKHOLDERS’ EQUITY AND STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Equity [Abstract]

Summarizes Issuances Of Shares Of Our Common Stock

The following table summarizes issuances of shares of our common stock for the twelve months ended December 31, 2021 and 2020 (amounts in thousands):

									Twelve Months Ended December 31,
Issuance			Additional disclosure						2021						2020
Director compensation (1)			Stock-Based Compensation discussion below						—						96,014
Vesting of employee stock awards (2)			Stock-Based Compensation discussion below						294,642						—
Acquisition of Port Allen facility (3)			Note 6						500,000						—

______________

(1)    In February 2020, the Company issued 34,706 shares of common stock to former directors as payment for services rendered as members of the American Electric Board of Directors, and in April 2020, the Company issued 61,308 shares of common stock to independent directors as payment for services rendered as members of the Company's Board of Directors.

(2)    Amounts are net of shares withheld to cover employee tax payments. Amounts vested are for various employees.

(3)    In May 2021, the Company issued 500,000 shares of common stock, valued at $3.8 million, as partial consideration for the purchase of an LNG production facility in Port Allen, Louisiana. See Note 6 for further discussion of our acquisition of our LNG production facility in Port Allen.

Summary Of Restricted Stock and Restricted Stock Unit, Activity

A summary of the Company's restricted stock awards and restricted stock units activity during the fiscal years 2021 and 2020 are presented in the following table:

			# of Restricted Stock Awards and Units						Weighted Average Grant Date Fair Value per Share
Unvested at 12/31/2019			—						$	—
Granted			882,320						1.99
Vested (1)			(96,014)						3.84
Forfeited			(2,500)						1.75
Unvested at 12/31/2020			783,806						1.76
Granted			500,000						6.78
Vested (2)			(851,283)						3.23
Forfeited			(5,504)						1.75
Unvested at 12/31/2021			427,019						4.69

______________

(1) Amounts are RSAs which are considered issued upon grant. Unamortized costs related to restricted stock awards was $0 and $17 thousand at December 31, 2021 and 2020, respectively.

(2) Amount includes 500,000 RSUs which vested upon the resignation of Mr. Reddinger and 250,000 RSUs which vested upon the employment of Mr. Ballard as described above.

Schedule of Outstanding Warrants

As of December 31, 2021, remaining, outstanding warrants to purchase 62,500 shares of our common stock were as follows:

Date of Issuance

No. of Warrants

Exercise Price

Expiration Date

Nov. 13, 2017

62,500

$18.08

Nov. 13, 2022

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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.

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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.

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Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented.

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