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Stock Based Compensation | 3 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Stock Based Compensation | Note 8 - Stock Based Compensation On January 3, 2023, the Company effected a 1-for-15 reverse stock split for its Common Stock. All Common Stock share information in the following net loss per share discussion and tables are shown as adjusted for this stock split retrospectively for all periods represented herein. 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. As of March 31, 2023, the share pool available for new grants under the 2019 Plan is 177,567. On April 18, 2023, 177,564 restricted stock units were granted to certain members of the board, reducing the share pool available for new grants under the 2019 Plan to 3. Stock Options During the three months ended March 31, 2023 and 2022, no stock options were granted and 6,501 and 334 vested stock options expired, respectively. During the three months ended March 31, 2022, 10,000 unvested stock options were forfeited. A summary of stock options granted, expired, and forfeited under our plans, and options outstanding as of, and changes made during the three months ended March 31, 2023 and year ended December 31, 2022 is presented below:
| Outstanding |  | Exercisable
| Number of Options |  | Weighted Average Exercise Price |  | Number of Options |  | Weighted Average Exercise Price
Options outstanding and exercisable, December 31, 2021 | 27,169 |  |  | $ | 113.63 |  |  | 7,169 |  |  | $ | — |
Vested | — |  |  | — |  | 3,332 |  |  | 48.75
Expired | (501) |  |  | 410.18 |  | (501) |  |  | 410.18
Forfeited | (10,000) |  |  | 48.75 |  | — |  |  | — |
Options outstanding and exercisable, December 31, 2022 | 16,668 |  |  | 143.63 |  |  | 10,000 |  |  | 206.85 |
Expired | (6,501) |  |  | 289.77 |  |  | (6,501) |  |  | 289.77 |
Options outstanding and exercisable, March 31, 2023 | 10,167 |  |  | $ | 50.17 |  |  | 3,499 |  |  | $ | 52.87 |
Additional information as of March 31, 2023 is as follows:
|  | Outstanding |  | Exercisable
Range of price |  | Number of Options |  | Weighted Average Remaining Contractual Life (In Years) |  | Weighted Average Exercise Price |  | Number of Options |  | Weighted Average Exercise Price
$0.00 – $100.00 |  | 10,000 |  |  | 8.25 |  | $ | 48.75 |  |  | 3,332 |  |  | $ | 48.75 |
$100.01 – $200.00 |  | 167 |  |  | 0.25 |  | 135.00 |  |  | 167 |  |  | 135.00 |
|  | 10,167 |  |  | 8.12 |  | $ | 50.17 |  |  | 3,499 |  |  | $ | 52.87 |
The intrinsic value of vested and unvested options was not significant for all periods presented. Stock compensation expense, related to stock options, for the three months ended March 31, 2023 was $31,000. Net stock compensation expense, related to stock options, was a negative $32,000, made up of $52,000 in expense offset by $84,000 related to forfeiture credits, for the three months ended March 31, 2022. The remaining unrecognized stock-based compensation expense for options as of March 31, 2023 is $154,000, which will be recognized over a weighted average period of 1.25 years. Restricted Stock Awards As of March 31, 2023, there were 42 unvested restricted stock awards outstanding, with a weighted average grant date price of $235.87. 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 as of March 31, 2023. Restricted Stock Units As of March 31, 2023, there were no unvested restricted stock units (“RSUs”) outstanding. As of March 31, 2023, 1,929 vested RSUs remain outstanding as shares of common stock have not yet been delivered for these units in accordance with the terms of the RSUs. There was no stock compensation expense related to RSUs for the three months ended March 31, 2023 and 2022. There was no remaining unrecognized stock-based compensation expense for RSUs as of March 31, 2023. On April 18, 2023, 177,564 RSUs were granted to certain board members. These RSUs vested immediately upon issuance.

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