Quarterly report pursuant to Section 13 or 15(d)

Shareholders Equity (Tables)

v3.22.1
Shareholders Equity (Tables)
 3 Months Ended
Mar. 31, 2022
Equity [Abstract]  
Schedule of Restricted Stock Activity

 

          Weighted Average  
          Grant Date  
    Shares     Fair Value  
             
Outstanding at                
December 31, 2021     317,586       3.27  
Granted     182,539       1.30  
Vested     (32,321 )     1.72  
Forfeited     (7,500 )     2.93  
March 31, 2022     460,304       3.36  
Schedule of Stock Option Activity

The following table represents stock option activity during the three months ended March 31, 2022:

 

    Number of     Weighted
Average		     Weighted
Average
Remaining Contractual
Term		  
    Options     Exercise Price     (years)  
Outstanding at December 31, 2021     175,384     $ 1.78       3.3  
Options granted     522,462       1.26       7.8  
Outstanding at March 31, 2022     697,846     $ 1.39       6.6  
Exercisable at March 31, 2022     301,335       1.56       5.1  
Schedule of Fair Value Assumptions

 

    Three Months Ended
March 31, 2022		  
Valuation assumptions:        
Risk-free rate     1.64 %
Expected volatility     62 %
Expected term (years)     5  
Dividend yield     —