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Stock Based Compensation | 3 Months Ended
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Mar. 31, 2021
Share-based Payment Arrangement [Abstract] |
Stock Based Compensation | Note 9 - Stock Based Compensation 2019 Equity Incentive Plan On December 19, 2019, the Oblong, Inc. 2019 Equity Incentive Plan (the “2019 Plan”) was approved by the Company’s stockholders at the Company’s 2019 Annual Meeting of Stockholders. The 2019 Plan is an omnibus equity incentive plan pursuant to which the Company may grant equity and cash incentive awards to certain key service providers of the Company and its subsidiaries. The 2019 Plan replaced the Glowpoint, Inc. 2014 Equity Incentive Plan and the 2007 Stock Incentive Plan (the “Prior Plans”). Following approval of the 2019 Plan, the Company terminated the Prior Plans and may no longer make grants under the Prior Plans; however, any outstanding equity awards granted under the Prior Plans will continue to be governed by the terms of the Prior Plans. Stock Options For the three months ended March 31, 2021 and the year ended December 31, 2020, no stock options were granted. A summary of stock options expired and forfeited under our plans and options outstanding as of, and changes made during, the three months ended March 31, 2021 and the year ended December 31, 2020 is presented below:
| Outstanding and Exercisable |  |
| Number of Options |  | Weighted Average Exercise Price |  |  |  |
Options outstanding and exercisable, December 31, 2019 | 215,345 |  |  | $ | 12.27 |  |  |  |  |
Expired | (107,845) |  |  | 4.92 |  |  |  |
Forfeited | — |  |  | — |  |  |  |
Options outstanding and exercisable, December 31, 2020 | 107,500 |  |  | 19.64 |  |  |  |  |
Options outstanding and exercisable, March 31, 2021 | 107,500 |  |  | $ | 19.64 |  |  |  |  |
Additional information as of March 31, 2021 is as follows:
|  | Outstanding and Exercisable
Range of price |  | Number of Options |  | Weighted Average Remaining Contractual Life (In Years) |  | Weighted Average Exercise Price
$0.00 – $10.00 |  | 2,500 |  |  | 2.20 |  | $ | 9.00 |
$10.01 – $20.00 |  | 97,500 |  |  | 1.81 |  | 19.32 |
$20.01 – $30.00 |  | 2,500 |  |  | 1.19 |  | 21.80 |
$30.01 – $40.00 |  | 5,000 |  |  | 0.96 |  | 30.20 |
|  | 107,500 |  |  | 1.76 |  | $ | 19.64 |
The intrinsic value of vested options, unvested options and exercised options were not significant for all periods presented. There was no stock compensation expense related to stock options for the three months ended March 31, 2021 and 2020, and no remaining unrecognized stock-based compensation expense for options as of March 31, 2021 as all options were vested. Restricted Stock Awards As of March 31, 2021 and 2020, there were 627 unvested restricted stock awards outstanding, with a weighted average grant date price of $15.80. The awards were issued in 2014 and vest over the lesser of ten years, a change in control, or separation from the company. Due to the variability of the vesting, the expense was amortized over an average service period of five years; therefore, there is no unrecognized stock-based compensation expense for restricted stock awards for the three months ended March 31, 2021 and 2020. Restricted Stock Units As of March 31, 2021 and 2020, there were zero and 23,334 unvested restricted stock units outstanding, respectively. The 23,334 units outstanding at March 31, 2020 had a weighted average grant price of 2.20. As of March 31, 2021, 28,904 vested RSU’s remain outstanding as shares of common stock have not yet been delivered for these units in accordance with the terms of the RSU’s. Stock compensation expense for the three months ended March 31, 2021 and 2020 was zero and $6,000, respectively, and was included in general and administrative expense. There was no remaining unrecognized stock-based compensation expense for restricted stock units at March 31, 2021. Restricted Series D Preferred Stock In connection with the acquisition of Oblong Industries in 2019, all options to purchase shares of Oblong Industries’ common stock held by existing employees of Oblong Industries were canceled and exchanged for an aggregate of 49,967 shares of Restricted Series D Preferred Stock, which were subject to vesting over a two-year period following the Closing Date. This vesting period and compensation expense were accelerated, in February 2021, when the Restricted Series D shares were converted to shares of Common Stock. Refer to Note 8 - Preferred Stock for discussion on the conversion of the Series D Restricted Preferred Stock. Stock-based compensation expense relating to Restricted Series D Preferred Stock is allocated as follows (in thousands):
| Three Months Ended March 31,
| 2021 |  | 2020
Research and development | $ | 17 |  |  | $ | 47 |
Sales, general and administrative | $ | 16 |  |  | $ | 111 |
| $ | 33 |  |  | $ | 158 |
During the three months ended March 31, 2021 and 2020, 81 and 14,441 shares of Restricted Series D Preferred Stock were forfeited, respectively. As of March 31, 2021, zero shares of Restricted Series D Preferred Stock remain outstanding and there was no remaining unrecognized stock compensation expense.

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- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -URI http://asc.fasb.org/topic&trid=2228938 + Details
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