15. Stockholders’ Equity |
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15. Stockholders’ Equity |
15. Stockholders’ Equity
Pursuant to the acquisition of Engage IT Srl, as disclosed in note 4 above, on January 29, 2023, the Company issued 3,018,461 shares of common stock valued at $1,753,615, in settlement of the purchase price.
On January 29, 2023, the Company issued a thirty-six month period to incentivize these employees who are essential to the Company’s development efforts. shares of restricted common stock valued at from its 2018 Stock Incentive Plan to certain developers and project managers in its IT subsidiaries, these shares will vest equally and are amortized on a monthly basis over
A summary of the vesting of restricted stock during the period January 1, 2023 to March 31, 2023 is as follows:
The restricted stock granted, issued and exercisable at March 31, 2023 is as follows:
In lieu of of director fees due and outstanding, the Company approved the issuance of shares of common stock, respectively, under the 2018 equity incentive plan.
The Company has recorded a restricted stock expense of $171,422 for the three months March 31, 2023.
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