General form of registration statement for all companies including face-amount certificate companies

Stock-Based Compensation (Tables)

v3.21.1
Stock-Based Compensation (Tables) - Blade Urban Air Mobility [Member]
6 Months Ended 12 Months Ended
Mar. 31, 2021
Sep. 30, 2020
Summary of fair value of stock options granted based upon the assumptions

The Company determined the fair value of stock options granted during the six months ended March 31, 2021 based upon the assumptions as provided below.

 

 

 

 

 

Stock price

    

$

7.28

 

Exercise price

 

$

7.28

 

Dividend yield

 

 

 0

%

Expected volatility

 

 

60

%

Risk-Free interest rate

 

 

0.63

%

Expected life (in years)

 

 

6.08

 

 

The Company determined the fair value of stock options granted (including the accounting for the modification of option awards) based upon the assumptions as provided below.

 

 

 

 

 

 

 

 

 

 

Year Ended September 30,

 

 

 

2020

    

2019

 

Stock price

 

$

0.13

 

$

0.44 – $0.48

 

Exercise price

 

$

0.13

 

$

0.44 – $0.48

 

Dividend yield

 

 

0

%  

 

0

%

Expected volatility

 

 

60

%  

 

60

%

Risk-Free interest rate

 

 

0.14% – 0.44

%  

 

1.88% – 2.99

%

Expected life (in years)

 

 

2.4 – 6.08

 

 

5.48 – 6.08

 

 

Summary of stock option activities

Following is a summary of stock option activities for the six months ended March 31, 2021:

 

 

 

 

 

 

 

 

 

 

 

 

    

 

    

Weighted 

    

Weighted 

    

Weighted 

 

 

 

 

Average 

 

Average 

 

Average 

 

 

 

 

Exercise 

 

Grant Date

 

Remaining 

 

 

Options

 

Price

 

Fair Value

 

Life (years)

Outstanding – October 1, 2020

 

13,543,398

 

$

0.14

 

$

0.15

 

6.8

Granted

 

15,000

 

 

7.28

 

 

4.00

 

  

Exercised

 

(77,603)

 

 

0.24

 

 

0.18

 

  

Forfeited

 

(157,480)

 

 

0.18

 

 

0.09

 

  

Outstanding – March 31, 2021

 

13,323,315

 

$

0.14

 

$

0.15

 

6.3

Exercisable as of March 31, 2021

 

9,595,015

 

$

0.14

 

$

0.14

 

5.5

 

Following is a summary of stock option activities for the years ended September 30, 2020 and 2019:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

Weighted

 

 

 

 

Average

 

Weighted

 

Average

 

 

 

 

Grant Date

 

Average

 

Remaining

 

    

Options

   

Fair Value

   

Fair Value

   

Life (years)

Outstanding – October 1, 2018

 

7,197,652

    

$

0.25

    

$

0.10

    

7.0

Granted

 

5,076,337

 

 

0.45

 

 

0.26

 

  

Exercised

 

(306,925)

 

 

0.38

 

 

0.21

 

  

Forfeited

 

(187,856)

 

 

0.41

 

 

0.24

 

  

Outstanding – September 30, 2019

 

11,779,208

 

$

0.33

 

$

0.17

 

7.3

Granted

 

2,200,532

 

 

0.13

 

 

0.07

 

  

Exercised

 

(89,966)

 

 

0.48

 

 

0.27

 

  

Forfeited

 

(346,376)

 

 

0.48

 

 

0.27

 

  

Outstanding – September 30, 2020

 

13,543,398

 

 

0.14

 

 

0.15

 

6.8

Exercisable as of September 30, 2020

 

10,040,803

 

$

0.15

 

$

0.13

 

5.5

 

Summary of stock-based compensation expense

Stock-based compensation expense for stock options and restricted stock in the condensed consolidated statements of operations is summarized as follows:

 

 

 

 

 

 

 

 

 

For the Three Months Ended March 31,

 

    

2021

    

2020

Software development

 

$

71

 

$

 6

General and administrative

 

 

1,833

 

 

75

Selling and marketing

 

 

 —

 

 

 6

Total stock-based compensation expense

 

$

1,904

 

$

87

 

 

 

 

 

 

 

 

 

 

For the Six Months Ended March 31,

 

    

2021

    

2020

Software development

 

$

88

 

$

12

General and administrative

 

 

3,091

 

 

154

Selling and marketing

 

 

 —

 

 

12

Total stock-based compensation expense

 

$

3,179

 

$

178

 

Stock-based compensation expense in the consolidated statements of operations is summarized as follows:

 

 

 

 

 

 

 

 

    

Year Ended September 30,

 

    

2020

    

2019

Software development expenses

 

$

29

 

$

35

Sales and marketing expenses

 

 

 —

 

 

12

General and administrative expenses

 

 

461

 

 

270

Total stock-based compensation expense

 

$

490

 

$

317