8. STOCK-BASED INCENTIVE PLANS (Tables)
|
12 Months Ended |
Dec. 31, 2020 |
|---|
| Share-based Payment Arrangement [Abstract] |
|
| Weighted-average assumptions |
| |
|
2020 |
|
|
2019 |
|
| Volatility |
|
|
95 |
% |
|
|
95 |
% |
| Risk–free interest rate |
|
|
.47 |
% |
|
|
1.99 |
% |
| Dividend yield |
|
|
- |
% |
|
|
- |
% |
| Expected life of options (in years) |
|
|
6.02 |
|
|
|
6.08 |
|
| Weighted-average fair value of common stock |
|
$ |
2.23 |
|
|
$ |
7.45 |
|
|
| Stock option activity |
| |
|
|
|
|
Weighted-Average |
|
|
|
|
| |
|
Options (#) |
|
|
Exercise
Price Per Share ($)
|
|
|
Remaining
Contractual Term (Years)
|
|
|
Aggregate
Intrinsic Value ($)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2019 |
|
|
1,551,000 |
|
|
$ |
8.86 |
|
|
|
7.51 |
|
|
$ |
309,000 |
|
| Granted |
|
|
815,000 |
|
|
$ |
2.93 |
|
|
|
|
|
|
|
|
|
| Exercised |
|
|
(33,000 |
) |
|
$ |
0.30 |
|
|
|
|
|
|
|
|
|
| Canceled / forfeited |
|
|
(695,000 |
) |
|
$ |
9.42 |
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2020 |
|
|
1,638,000 |
|
|
$ |
5.59 |
|
|
|
7.71 |
|
|
$ |
308,000 |
|
| Vested and exercisable at December 31, 2020 |
|
|
812,000 |
|
|
$ |
7.47 |
|
|
|
6.09 |
|
|
$ |
296,000 |
|
|
| Non-vested restricted stock unit activity |
| |
|
Restricted
Stock
Units (#)
|
|
|
Weighted Average
Grant Date
Fair Value ($)
|
|
| Non-vested restricted stock units at December 31, 2019 |
|
|
29,000 |
|
|
$ |
10.40 |
|
| Granted |
|
|
382,000 |
|
|
$ |
4.68 |
|
| Vested |
|
|
(29,000 |
) |
|
$ |
10.40 |
|
| Canceled |
|
|
– |
|
|
|
|
|
| Non-vested restricted stock units at December 31, 2020 |
|
|
382,000 |
|
|
$ |
4.68 |
|
|
| Warrant activity |
| |
|
|
|
|
Weighted-Average |
|
|
|
|
| |
|
Warrants (#) |
|
|
Exercise
Price Per Share ($)
|
|
|
Remaining
Contractual Term (Years)
|
|
|
Aggregate
Intrinsic Value ($)
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Outstanding at December 31, 2019 |
|
|
1,031,000 |
|
|
$ |
9.92 |
|
|
|
|
|
|
|
| Expired |
|
|
(67,000 |
) |
|
$ |
9.00 |
|
|
|
|
|
$ |
- |
|
| Outstanding at December 31, 2020 |
|
|
964,000 |
|
|
$ |
10.02 |
|
|
|
4.56 |
|
|
$ |
- |
|
| Vested and exercisable as of December 31, 2020 |
|
|
964,000 |
|
|
$ |
10.02 |
|
|
|
4.56 |
|
|
$ |
- |
|
|
| Noncash stock-based compensation expense |
Noncash stock-based compensation expense for
the periods presented was comprised of the following:
| |
|
Fiscal Year |
|
| |
|
2020 |
|
|
2019 |
|
| Stock options |
|
$ |
745,000 |
|
|
$ |
3,573,000 |
|
| Warrants |
|
|
282,000 |
|
|
|
2,182,000 |
|
| Restricted stock units |
|
|
836,000 |
|
|
|
370,000 |
|
| Earn-out compensation expense (Note 5) |
|
|
141,000 |
|
|
|
58,000 |
|
| Other |
|
|
- |
|
|
|
34,000 |
|
| Total noncash stock compensation expense |
|
$ |
2,004,000 |
|
|
$ |
6,217,000 |
|
Noncash stock-based compensation expense for
the periods presented was included in the following financial statement line items:
| |
|
Fiscal Year |
|
| |
|
2020 |
|
|
2019 |
|
| Sales, marketing and advertising |
|
$ |
849,000 |
|
|
$ |
635,000 |
|
| Technology platform and infrastructure |
|
|
254,000 |
|
|
|
129,000 |
|
| General and administrative |
|
|
901,000 |
|
|
|
5,453,000 |
|
| Total noncash stock compensation expense |
|
$ |
2,004,000 |
|
|
$ |
6,217,000 |
|
|