Stock Based Compensation

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Stock Based Compensation

Note 6 - Stock Based Compensation

2019 Equity Incentive Plan

On December 19, 2019, the Oblong, Inc. 2019 Equity Incentive Plan (the “2019 Plan”) was approved by the Company’s stockholders at the Company’s 2019 Annual Meeting of Stockholders. The 2019 Plan is an omnibus equity incentive plan pursuant to which the Company may grant equity and cash incentive awards to certain key service providers of the Company and its subsidiaries. As of December 31, 2023, the share pool available for new grants under the 2019 Plan was 3.

Stock Options

A summary of stock option activity under our plans, and options outstanding as of, and changes made during the three months ended March 31, 2024 and year ended December 31, 2023 is presented below:

	Outstanding			Exercisable
	Number of Options	Weighted Average Exercise Price		Number of Options	Weighted Average Exercise Price
Options outstanding and exercisable, December 31, 2022	16,668	$	143.63	10,000	$	206.85
Vested	—	—		3,336	48.75
Expired	(6,668)	285.89		(6,668)	285.89
Options outstanding and exercisable, December 31, 2023	10,000	48.75		6,668	48.75
Options outstanding and exercisable, March 31, 2024	10,000	$	48.75	6,668	$	48.75

The intrinsic value of vested and unvested options was not significant for all periods presented. Stock compensation expense related to stock options for the three months ended March 31, 2024 and 2023 was $31,000 and was recorded as a general and administrative expense on our Condensed Consolidated Statements of Operations. The remaining unrecognized stock-based compensation expense for options as of March 31, 2024 is $30,000, which will be recognized over a weighted average period of 3 months.

Restricted Stock

As of March 31, 2024 and December 31, 2023, there were no outstanding restricted stock awards or restricted stock units (“Restricted Stock”). For the three months ended March 31, 2024 and 2023, there was no stock compensation expense recorded for Restricted Stock and there was no unamortized expense related to Restricted Stock. The following table shows a summary of Restricted Stock activity for the year ended December 31, 2023. There was no Restricted Stock activity during the three months ended March 31, 2024.

	Restricted Stock Awards			Restricted Stock Units
	Shares	Weighted Average Grant Price		Shares	Weighted Average Grant Price
Unvested shares, December 31, 2022	42	$	235.87	—	$	—
Granted	—			177,564	2.14
Vested	(42)	235.87		(177,564)	2.14
Unvested Shares, December 31, 2023	—	—		—	—
Unvested Shares, March 31, 2024	—	$	—	—	$	—