Quarterly report pursuant to Section 13 or 15(d)

Equity Transactions

v3.21.1
Equity Transactions
3 Months Ended
Mar. 31, 2021
Federal Home Loan Banks [Abstract]  
Equity Transactions
NOTE 16. EQUITY TRANSACTIONS
We account for stock-based compensation expense in accordance with FASB ASC Topic 718,
Compensation-Stock Compensation
. As a result, $0.1 million of
non-cash
stock-based compensation expense has been recorded to additional
paid-in
capital for the three-month period ended March 31, 2021 and 2020, respectively.
The declaration of any future distributions and the establishment of the per share amount, record dates, and payment dates are subject to final determination by our Board of Directors and dependent upon future earnings, cash flows, financial and legal requirements, and other factors. On May 6, 2020, our Board of Directors voted to discontinue equity distributions until further notice due to the adverse economic impact of the
COVID-19
pandemic on our financial position, results of operations, and cash flows.