Super League Enterprise, Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

8. STOCK-BASED INCENTIVE PLANS (Tables)

8. STOCK-BASED INCENTIVE PLANS (Tables)

12 Months Ended

Dec. 31, 2019

Schedule of Share-based Payment Award, Stock Options, Valuation Assumption

	2019			2018
Volatility		95	%		96	%
Risk–free interest rate		1.99	%		2.82	%
Dividend yield		-	%		-	%
Expected life of options (in years)		6.08			5.78
Weighted-average fair value of common stock	$	7.45		$	10.80

Summary of stock option activity

				Weighted-Average
	Options (#)			Exercise Price Per Share ($)		Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($)

Outstanding at December 31, 2018		1,524,000		$	9.18		7.34	$	(10,327,000	)
Granted		165,000		$	7.45
Exercised		-			-
Canceled / forfeited		(138,000	)	$	10.60
Outstanding at December 31, 2019		1,551,000		$	8.86		7.51	$	(10,088,000	)
Vested and exercisable at December 31, 2019		1,153,000		$	8.66		7.04	$	(7,259,000	)

Non-vested restricted stock unit activity

	Restricted Stock Units (#)			Weighted Average Grant Date Fair Value ($)
Non-vested restricted stock units at December 31, 2018		10,000		$	7.11
Granted		33,000		$	9.68
Vested		(14,000	)	$	6.13
Canceled		–
Non-vested restricted stock units at December 31, 2019		29,000		$	10.40

Summary of warrant activity

				Weighted-Average
	Warrants (#)			Exercise Price Per Share ($)		Remaining Contractual Term (Years)		Aggregate Intrinsic Value ($)

Outstanding at December 31, 2018		1,098,000		$	9.33		2.66
Exercised		(67,000	)	$	0.17			$	137,000
Outstanding at December 31, 2019		1,031,000		$	9.92		2.83	$	(7,797,000	)
Vested and exercisable as of December 31, 2019		763,000		$	10.16		3.34	$	(5,952,000	)

Summary of stock-based compensation expense

	For the Year Ended December 31,
	2019		2018
Stock options	$	3,573,000	$	2,490,000
Warrants		2,182,000		1,400,000
Restricted stock units		370,000		14,000
Earn-out compensation expense (Note 5)		58,000		-
Other		34,000		39,000
Total noncash stock compensation expense	$	6,217,000	$	3,943,000

	Fiscal Year
	2019		2018
Sales, marketing and advertising	$	635,000	$	504,000
Technology platform and infrastructure		129,000		200,000
General and administrative		5,453,000		3,239,000
Total noncash stock compensation expense		6,217,000	$	3,943,000

- Definition

Tabular disclosure of an equity-based arrangement (such as stock or unit options and stock or unit awards) with an individual employee, which is generally an employment contract between the entity and a selected officer or key employee containing a promise by the employer to pay certain equity-based awards at future dates, sometimes including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period, the number of shares or units issued during the period under such arrangements, and the carrying amount as of the balance sheet date of the related liability.

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