Quarterly report pursuant to Section 13 or 15(d)

Stockholders' Equity

v3.20.1
Stockholders' Equity
3 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Stockholders' Equity

8. STOCKHOLDERS’ EQUITY

 

PREFERRED STOCK

 

During the three months ended March 31, 2020, the holder elected to convert 5,125 shares of Series D Convertible Preferred Stock into 1,642,628 shares of the Company’s common stock at a conversion price of $3.12 per share. The Company determined that the Series D Convertible Preferred Stock did not include a beneficial conversion feature.

 

STOCK-BASED COMPENSATION

 

The Company recognized stock-based compensation expense related to common stock, stock options and warrants for the three months ended March 31, 2020 and 2019 of $227,361 and $145,005, respectively, which is included within compensation expense on the condensed consolidated statements of operations. As of March 31, 2020, there was $264,959 of unrecognized stock-based compensation expense that will be recognized over the weighted average remaining vesting period of 0.63 years.