Stock-Based Compensation

9 Months Ended

Sep. 30, 2021

Stock-Based Compensation

Stock-Based Compensation

10 — Stock-Based Compensation

Stock-based compensation was recognized as follows in the Condensed Statements of Operations:

	Three Months Ended				Nine Months Ended
	September 30,				September 30,
	2021		2020		2021		2020
	(unaudited)				(unaudited)
Cost of revenue	$	68,227	$	28,751	$	177,375	$	145,258
General and administrative		152,261		291,100		513,319		3,153,886
Sales and marketing		96,210		77,607		269,505		286,134
Research and development		45,138		19,067		107,390		58,837
Total	$	361,836	$	416,525	$	1,067,589	$	3,644,115

As of September 30, 2021, we had $2,449,679 of unrecognized compensation cost related to unvested restricted stock units, which is expected to be recognized over a weighted-average period of 2.5 years. As of September 30, 2021, we had $200,926 of unrecognized compensation cost related to unvested performance-based restricted stock units, which is expected to be recognized over a weighted-average period of 2.2 years.

The following table presents a summary of our stock-based compensation activity for the nine months ended September 30, 2021 (shares):

			Performance
			Based
	Stock	Restricted	Restricted
	Options	Stock Units	Stock Units
Outstanding beginning of period	230,510	151,139	11,891
Awards granted	—	17,989	—
Awards exercised/vested	(25,375)	(9,347)	—
Awards canceled	—	(10,635)	(2,546)
Outstanding end of period	205,135	149,146	9,345