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Stock Options (Tables)
12 Months Ended
Dec. 31, 2021
Stock Options  
Schedule of Stock Option Activity

    

    

    

Weighted-Average

    

Weighted -Average

Remaining

Number of

Exercise

Contractual Term

Aggregate

Options

Price

(years)

Intrinsic Value

Outstanding at January 1, 2020

 

6,828,303

$

1.86

 

  

 

  

Granted

 

1,080,000

 

1.37

 

  

 

  

Exercised

 

(1,357,116)

 

1.97

 

  

 

  

Forfeited/Expired

 

(644,303)

 

3.06

 

  

 

  

Outstanding at December 31, 2020

5,906,884

$

1.61

6.86

$

89,405

Granted

1,226,300

6.84

Exercised

(1,556,288)

2.01

Forfeited/Expired

(40,000)

1.41

Outstanding at December 31, 2021

 

5,536,896

$

2.66

 

7.52

$

19,154,463

Exercisable at December 31, 2021

 

3,266,872

$

1.68

 

6.69

$

13,943,444

Vested and Expected to Vest at December 31, 2021

 

5,536,896

$

2.66

 

7.52

$

19,154,463

Schedule of weighted average assumptions

For the Years Ended December 31, 

 

2021

2020

 

Weighted average fair value of options granted

    

$

3.73

    

$

0.61

Risk-free interest rate

 

0.22% - 0.82

%  

 

0.29%-0.56

%

Expected life (years)

 

3-6

 

5-6

Expected volatility factor

 

58% - 68

%  

 

46.75%-50.09

%

Expected dividends

 

None

 

None

Summary of restricted shares under the Company's Plan

    

    

Weighted-Average

Grant Date Fair

Number of Shares

Value

Outstanding January 1, 2020

75,000

$

1.38

Granted

-

Vested

(25,000)

Unvested at December 31, 2020

50,000

Granted

-

Vested

 

(25,000)

 

Forfeited/Expired

 

-

 

Unvested at December 31, 2021

 

25,000

$

1.38