Restricted Stock Liabilities (Tables)

9 Months Ended

Sep. 30, 2021

Restricted Stock Liabilities

Schedule of Components of Restricted Stock Liabilities

The following table presents the components of the restricted stock liabilities:

	As of
	September 30, 2021			December 31, 2020
Restricted stock liabilities recorded upon modification of the restricted stock awards and units (1,064,549 restricted stock to be purchased at $4.00 per share)	$	4,258,196		$	4,258,196
Less imputed interest		(457,462	)		(457,462	)
Present value of restricted stock liabilities		3,800,734			3,800,734
Less payments (excluding imputed interest)		(1,342,379	)		(177,425	)
Restricted stock liabilities	$	2,458,355		$	3,623,309
Current portion of restricted stock liabilities (included in accrued expenses and other)	$	1,936,734		$	1,627,499
Long-term portion of restricted stock liabilities		521,621			1,995,810
Total restricted stock liabilities	$	2,458,355		$	3,623,309