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Compensation Plans
 9 Months Ended
Sep. 30, 2020
Share-based Payment Arrangement [Abstract]  
Compensation Plans

11. Compensation Plans

 

The Company provides stock-based compensation in the form of (a) stock awards to employees and directors, comprised of restricted stock awards and restricted stock units (collectively referred to as the “Restricted Stock Awards”), (b) stock option grants to employees directors and consultants (referred to as the “Common Stock Awards”) (c) stock option awards, restricted stock awards, unrestricted stock awards, and stock appreciation rights to employees, directors and consultants (collectively the “Common Equity Awards”), (d) stock option awards outside the 2016 Stock Incentive Plan and 2019 Equity Incentive Plan to certain officers, directors and employees (referred to as the “Outside Options”), (e) common stock warrants to the Company’s channel partners (referred to as the “Channel Partner Warrants”), and (f) common stock warrants to ABG-SI, LLC (referred to as the “ABG Warrants”).

 

Stock-based compensation and equity-based expense charged to operations or capitalized during the three months and nine months ended September 30, 2020 and 2019 are summarized as follows:

 

    Restricted     Common     Common           Channel              
    Stock     Stock     Equity     Outside     Partner     ABG        
    Awards     Awards     Awards     Options     Warrants     Warrants     Totals  
During the Three Months Ended September 30, 2020                                                        
Cost of revenue   $ 35,610     $ 53,149     $ 1,178,276     $ 2,471     $ 992     $ -     $ 1,270,498  
Selling and marketing     323,164       42,695       734,391       43,900       -       -       1,144,150  
General and administrative     80,306       127,786       855,390       -       -       364,248       1,427,730  
Total costs charged to operations     439,080       223,630       2,768,057       46,371       992       364,248       3,842,378  
Capitalized platform development     88,619       32,680       267,013       1,188       -       -       389,500  
Total stock-based compensation   $ 527,699     $ 256,310     $ 3,035,070     $ 47,559     $ 992     $ 364,248     $ 4,231,878  
                                                         
During the Three Months Ended September 30, 2019                                                        
Cost of revenue   $ 30,564     $ 6,644     $ 231,936     $ 150     $ 15,959     $ -     $ 285,253  
Selling and marketing     -       26,237       139,921       55,685       -       -       221,843  
General and administrative     553,866       426,594       1,094,017       45,328       -       364,248       2,484,053  
Total costs charged to operations     584,430       459,475       1,465,874       101,163       15,959       364,248       2,991,149  
Capitalized platform development     130,445       55,394       225,804       2,081       -       -       413,724  
Total stock-based compensation   $ 714,875     $ 514,869     $ 1,691,678     $ 103,244     $ 15,959     $ 364,248     $ 3,404,873  
                                                         
During the Nine Months Ended September 30, 2020                                                        
Cost of revenue   $ 108,936     $ 150,915     $ 3,261,542     $ 5,644     $ 36,654     $ -     $ 3,563,691  
Selling and marketing     920,566       102,206       2,114,595       142,767       -       -       3,280,134  
General and administrative     238,558       437,614       2,430,553       150,577       -       1,084,826       4,342,128  
Total costs charged to operations     1,268,060       690,735       7,806,690       298,988       36,654       1,084,826       11,185,953  
Capitalized platform development     234,611       154,445       864,656       5,451       -       -       1,259,163  
Total stock-based compensation   $ 1,502,671     $ 845,180     $ 8,671,346     $ 304,439     $ 36,654     $ 1,084,826     $ 12,445,116  
                                                         
During the Nine Months Ended September 30, 2019                                                        
Cost of revenue   $ 92,465     $ 33,828     $ 362,993     $ 1,428     $ 34,868     $ -     $ 525,582  
Selling and marketing     34,393       74,177       259,957       132,936       -       -       501,463  
General and administrative     2,128,725       1,226,111       2,026,302       111,336       -       431,555       5,924,029  
Total costs charged to operations     2,255,583       1,334,116       2,649,252       245,700       34,868       431,555       6,951,074  
Capitalized platform development     462,754       128,179       390,834       4,227       -       -       985,994  
Total stock-based compensation   $ 2,718,337     $ 1,462,295     $ 3,040,086     $ 249,927     $ 34,868     $ 431,555     $ 7,937,068  

  

Unrecognized compensation expense related to the stock-based compensation awards and equity-based awards as of September 30, 2020 was as follows:

 

             
    Nine Months Ended September 30, 2020  
    Restricted Stock Awards     Common Stock Awards     Common Equity Awards     Outside Options     Channel Partner Warrants     ABG Warrants     Totals  
Unrecognized compensation expense   $ 537,147     $ 974,519     $ 22,961,004     $ 416,750     $ -     $ 3,578,350     $ 28,467,770  
Weighted average period expected to be recognized (in years)     0.50       0.65       2.04       1.43       -       2.63       2.03