Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.23.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Stock Based Compensation [Abstract]  
Schedule of fair value of the options
    Years ended December 31,  
    2022     2021  
             
Expected volatility   36.7 - 36.9%     52.5 - 52.9%  
             
Expected term (years)   4.69 - 4.94     6.25  
             
Risk-free interest rate   4.03% - 4.06%     1.08% - 1.46%  
             
Expected dividends   0.00%     0.00%  

 

Schedule of options outstanding
          Weighted     Weighted        
          Average     Average     Aggregate  
          Grant Date     Exercise     Intrinsic  
    Shares     Fair Value     Price     Value  
                         
Outstanding as of December 31, 2020     2,345,559     $ 0.77     $ 1.59     $ 779,457  
Granted     1,726,488     $ 1.10     $ 1.94          
Exercised     (31,255 )   $ 0.47     $ 1.13          
Cancelled     (91,634 )   $ 0.78     $ 1.88          
Outstanding as of December 31, 2021     3,949,158     $ 0.91     $ 1.74     $ 2,992,895  
Granted     166,927     $ 1.31     $ 2.50          
Cancelled     (609,901 )   $ 0.83     $ 1.83          
Outstanding as of December 31, 2022     3,506,184     $ 1.87     $ 1.87     $ 6,554,541  

 

Schedule of outstanding and exercisable options
      Options Outstanding     Options Exercisable  
                  Weighted                    
                  Average                    
                  Remaining     Weighted           Weighted  
            As of     Contractual     Average     As of     Average  
            December 31,     Life In     Exercise     December 31,     Exercise  
Range of Excercise Prices     2022     Years     Price     2022     Price  
                                       
$ 0.63     $ 0.70       284,137       3.02     $ 0.65       284,137     $ 0.65  
$ 1.13     $ 1.46       473,796       6.01     $ 1.29       370,618     $ 1.25  
$ 1.94     $ 2.50       2,748,251       7.61     $ 2.10       1,444,609     $ 2.03  
$ 0.63     $ 2.50       3,506,184       7.02     $ 1.87       2,099,364     $ 1.70  

 

Schedule of restricted and performance stock unit activity
          Weighted        
          Average     Aggregate  
          Grant Date     Intrinsic  
    Shares     Fair Value     Value  
Outstanding as of December 31, 2021    
-
    $ 0.00          
Awarded     3,149,800     $ 4.73          
Forfeited     (15,123 )   $ 4.73          
Outstanding as of December 31, 2022     3,134,677     $ 4.73     $ 11,723,692