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

Equity (Tables)

v3.22.4
Equity (Tables)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Dec. 31, 2021
Stockholders' Equity Note [Abstract]    
Schedule of the fair value of the options as of the date of each grant  
 

Years ended
December 31,

   

2021

 

2020

Expected volatility

 

52.7

%

 

50.0

%

Expected term (years)

 

6.25

 

 

6.25

 

Risk-free interest rate

 

1.3

%

 

1.1

%

Expected dividends

 

0.0

%

 

0.0

%

Schedule of outstanding and exercisable options

 

Options

 

Weighted Average
Grant Date
Fair Value

 

Weighted Average
Exercise
Price

Outstanding as of December 31, 2020

 

2,345,559

 

 

$

0.77

 

$

1.59

Granted

 

1,049,180

 

 

$

0.99

 

$

1.94

Cancelled

 

(34,807

)

 

$

0.85

 

$

1.77

Outstanding as of September 30, 2021

 

3,359,932

 

 

$

0.83

 

$

1.70

     

 

 

 

   

 

 

Outstanding as of December 31, 2021

 

3,949,158

 

 

$

0.91

 

$

1.84

Granted

 

166,927

 

 

$

1.31

 

$

2.50

Forfeited

 

(174,817

)

 

$

1.03

 

$

2.25

Cancelled

 

(7,103

)

 

$

0.78

 

$

1.94

Outstanding as of September 30, 2022

 

3,934,165

 

 

$

0.87

 

$

1.86

 

Shares

 

Weighted Average
Grant Date
Fair Value

 

Weighted Average
Exercise
Price

 

Aggregate
Intrinsic
Value

Outstanding as of December 31, 2019

 

152,450

 

 

$

10.27

 

$

22.07

 

$

835,974

Granted

 

29,600

 

 

$

11.55

 

$

23.78

 

 

 

Forfeited

 

(3,200

)

 

$

13.26

 

$

27.57

 

 

 

Cancelled

 

(13,750

)

 

$

4.80

 

$

17.68

 

 

 

Outstanding as of December 31, 2020

 

165,100

 

 

$

10.90

 

$

22.63

 

$

779,457

Granted

 

121,398

 

 

$

15.63

 

$

27.57

 

 

 

Exercised

 

(2,200

)

 

$

6.66

 

$

16.00

 

 

 

Cancelled

 

(6,450

)

 

$

11.09

 

$

26.67

 

 

 

Outstanding as of December 31, 2021

 

277,848

 

 

$

12.99

 

$

24.75

 

$

2,992,895

Schedule of outstanding and exercisable options  
         

Options Outstanding

 

Options Exercisable

Range of
Exercisable Prices

 

As of
December 31,
2021

 

Weighted
Average
Remaining
Contractual
Life In
Years

 

Weighted
Average
Exercise
Price

 

As of
December 31,
2021

 

Weighted
Average
Exercise
Price

$        8.96 – $       16.00

 

43,750

 

4.64

 

$

12.21

 

43,750

 

$

12.21

        20.81 –          27.57 

 

234,098

 

8.55

 

 

27.09

 

78,196

 

 

27.09

$        8.96 – $       27.57

 

277,848

 

7.93

 

$

24.75

 

121,946

 

$

23.19