SUMMARY OF STOCK OPTIONS |
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Share-Based Payment Arrangement [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SUMMARY OF STOCK OPTIONS |
On July 21, 2017, the Company’s board of directors adopted The Crypto Company 2017 Equity Incentive Plan (the “Plan”), which was approved by its stockholders on August 24, 2017. The Plan is administered by the board of directors (the “Administrator”). Under the Plan, the Company may grant equity awards to eligible participants which may take the form of stock options (both incentive stock options and non-qualified stock options) and restricted stock awards. Awards may be granted to officers, employees, non-employee directors (as defined in the Plan) and other key persons (including consultants and prospective employees). The term of any stock option award may not exceed years and may be subject to vesting conditions, as determined by the Administrator. . Incentive stock options may be granted only to employees of the Company or any subsidiary that is a “subsidiary corporation” within the meaning of Section 424(f) of the Internal Revenue Code.
During the six-month period ended June 30, 2023, the Company did not issue any stock options.
shares of the Company’s common stock are reserved for issuance under the Plan. As of June 30, 2023, there are outstanding stock option awards issued from the Plan covering a total of shares of the Company’s common stock and there remain reserved for future awards shares of the Company’s common stock.
The Company recognized $ for share-based compensation related to stock options for the six-month period ended June 30, 2023. There were no options exercised for the six months ended June 30, 2023.
The Company granted shares of restricted stock during the six-month period ended June 30, 2023 (although such shares were not issued under the Plan).
The Company recognized $for share-based compensation related to restricted stock issued for the six month period ended June 30, 2023. As of June 30, 2023, there was $of unrecognized compensation costs related to stock options issued to employees and nonemployees, and the stock options had no intrinsic value since they were all “out of the money” as of June 30, 2023.
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