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Convertible Preferred Stock and Stockholders’ Equity (Tables)
3 Months Ended
Mar. 31, 2021
Equity [Abstract]  
Summary of Performance Award And Market Capitalization Milestones

 

Tranche #  

No. of Shares

Subject to PSU

   Market Capitalization Milestones(1) 
 1    1,000,000   $1,000,000,000 
 2    1,500,000   $1,500,000,000 
 3    1,500,000   $2,000,000,000 
 4    2,000,000   $2,500,000,000 
 5    1,000,000   $3,000,000,000 
 6    1,000,000   $3,500,000,000 
 7    1,000,000   $4,000,000,000 
 8    2,000,000   $4,500,000,000 
 9    1,000,000   $5,000,000,000 
 10    1,000,000   $5,500,000,000 
 Total:    13,000,000      
Summary of Option and Stock Appreciation Rights Activity

A summary of the option and stock appreciation rights activity for the three month period ended March 31, 2021 is as follows:

   Number of Options/SARs   Range of Exercise Price   Weighted Average Exercise
Price per Share
 
Outstanding, December 31, 2020   2,456,979   $0.74 - $35.20   $2.90 
Granted   815,000   $6.96   $6.96 
Exercised   (165,962)  $0.74 - $4.52   $1.85 
Forfeited   (75,839)  $0.74 - $35.20   $6.66 
Outstanding, March 31, 2021   3,030,178   $0.74 - $32.30   $3.95 
Summary of Restricted Stock Unit Activity

A summary of the restricted stock unit activity for the three month period ended March 31, 2021 is as follows:

   Number of Restricted Stock Units   Weighted Average Grant Date Fair Value per Unit 
Outstanding, December 31, 2020   1,112,473   $2.46 
Granted   205,000   $5.16 
Vested   (30,250)  $5.12 
Forfeited   -   $- 
Outstanding, March 31, 2021   1,287,223   $2.83