Quarterly report pursuant to Section 13 or 15(d)

Share-Based Compensation

Share-Based Compensation
6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Share-Based Compensation

Note 3 - Share-Based Compensation


We account for share-based awards under the provisions of ASC 718, “Compensation—Stock Compensation.” Accordingly, share-based compensation cost is measured at the grant date based on the fair value of the award and we expense these costs using the straight-line method over the requisite service period.


Share-based compensation expenses related to our restricted stock grants were $ 49.6 thousand and $31.0 thousand for the three months ended June 30, 2022 and 2021, respectively, and $45.40 thousand and $31.0 thousand for the six months ended June 30, 2022 and 2021, respectively, which are reported as a separate line item in the consolidated statements of changes in stockholders’ deficit.


On May 5, 2022, pursuant to the 2015 Incentive Plan, we granted 250,000 shares of restricted stock to an external consultant, which are fully vested at the grant date. The grant date price per share was $0.165 for a total grant date fair value of $41.3 thousand.