Quarterly report pursuant to Section 13 or 15(d)

Long-term Incentive Plan (Tables)

v3.22.2
Long-term Incentive Plan (Tables)
6 Months Ended
Jun. 30, 2022
Long-term Incentive Plan  
Schedule of effect of changes on actual stock-based compensation expense

    

Three Months Ended
June 30, 2021

    

Six Months Ended
June 30, 2021

Additional Paid-in Capital

Increase of $466,015

Increase of $2,978,022

Research and Development Expense

Increase of $23,262

Increase of $148,653

Sales and Marketing

Increase of $11,631

Increase of $74,327

General and Administrative

Increase of $431,122

Increase of $2,755,042

Net Loss

Increase of $466,015

Increase of $2,978,022

Loss per Share

Increase of $0.01

Increase of $0.06

Schedule of equity market and operational milestone under the long term

Award Potential

Criteria Achievement Weighting

50% of Options Available

35% of Options Available

15% of Options Available

Options Available
(Subject to Vesting)

Equity Market
Capitalization
Target

Last Twelve Months Revenue
Target

Last Twelve Months EBITDA
Margin before
Non-Cash
Charges Target

686,000

$ 2,000,000,000

$ 25,000,000

0.0%

686,000

3,000,000,000

50,000,000

2.0%

686,000

4,000,000,000

100,000,000

4.0%

686,000

5,000,000,000

200,000,000

6.0%

586,000

6,000,000,000

300,000,000

8.0%

586,000

7,000,000,000

450,000,000

10.0%

561,000

8,000,000,000

675,000,000

12.0%

491,000

9,000,000,000

1,000,000,000

14.0%

441,000

10,000,000,000

1,500,000,000

16.0%

5,409,000