|6 Months Ended|
Jun. 30, 2022
|Share-Based Payment Arrangement [Abstract]|
2014 Equity Incentive Plan
The Company’s equity incentive plan created in 2014 (the “2014 Plan”) was amended in 2018 to increase the number of shares of Company common stock available for issuance. Pursuant to the 2014 Plan,shares of common stock were reserved for issuance. As of June 30, 2022, there were shares available for grant under the 2014 Plan.
AYRO 2017 Long Term Incentive Plan
The Company has reserved a total ofshares of its common stock pursuant to the AYRO, Inc. 2017 Long-Term Incentive Plan. The Company had shares of common stock outstanding under the plan at June 30, 2022. At June 30, 2022, no shares remained available for grant under future awards under the 2017 Long-Term Incentive Plan.
AYRO 2020 Long Term Incentive Plan
The Company has reserved a total of shares of its common stock pursuant to the AYRO, Inc. 2020 Long-Term Incentive Plan (the “Plan”), including shares of restricted stock that have been issued. The Company had awards concerning an aggregate of shares of common stock outstanding under the Plan at June 30, 2022, including stock options and restricted stock. At June 30, 2022, shares remained available for grant under future awards under the Plan.
SCHEDULE OF STOCK-BASED COMPENSATION
SCHEDULE OF STOCK-BASED COMPENSATION, STOCK OPTIONS, ACTIVITY
Of the outstanding options, were vested and exercisable as of June 30, 2022. At June 30, 2022 the aggregate intrinsic value of stock options vested and exercisable was $ .
The Company recognized $(6,298) and $231,059 of stock option expense for the three months ended June 30, 2022 and 2021, and $26,078 and $500,953 for the six months ended June 30, 2022 and June 30, 2021, respectively. Total compensation cost related to non-vested stock option awards not yet recognized as of June 30, 2022 was $ and will be recognized on a straight-line basis through the end of the vesting periods through December 2023. The amount of future stock option compensation expense could be affected by any future option grants or by any forfeitures.
SCHEDULE OF FUTURE STOCK OPTION COMPENSATION EXPENSE
On February 1, 2022, pursuant to the Plan, the Company issued shares of restricted stock to non-executive directors at a value of $ per share. The Company recognized compensation expense related to all restricted stock during the three months ended June 30, 2022 and 2021 of $ and $ and for the six months ended June 30, 2022 and 2021 of $ and $ , respectively. Total compensation cost related to non-vested restricted stock not yet recognized as of June 30, 2022 was $ .
The entire disclosure for share-based payment arrangement.
Reference 1: http://www.xbrl.org/2003/role/disclosureRef