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Stock Options and Restricted Stock Units (Tables) | 3 Months Ended
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Mar. 31, 2023
Stock Options and Restricted Stock Units |
Schedule of stock option activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ |  | Weighted-Average |  | ​
​ | ​ | Number of |  | Weighted - Average |  | Remaining Contractual | ​ | Aggregate
​ |  | Options |  | Exercise Price |  | Term (years) |  | Intrinsic Value
Outstanding at January 1, 2023 |  | 6,690,490 | ​ | $ | 3.09 |  |  |  | ​ |
Granted* |  | 25,000 | ​ |  | 3.31 |  |  |  | ​ |
Exercised |  | (148,167) | ​ |  | 2.31 |  |  |  | ​ |
Forfeited/Expired |  | (64,666) | ​ |  | 6.96 |  |  |  | ​ |
Outstanding at March 31, 2023 |  | 6,502,657 | ​ | $ | 3.07 |  | 6.94 | ​ | $ | 35,414,546
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​
Exercisable at March 31, 2023 |  | 4,041,942 | ​ | $ | 2.03 | ​ | 5.87 | ​ | $ | 26,301,295
​ |  | ​ | ​ |  | ​ |  | ​ | ​ |  | ​
Vested and Expected to Vest at March 31, 2023 |  | 6,502,657 | ​ | $ | 3.07 |  | 6.94 | ​ | $ | 35,414,546
​ *On January 23, 2023 25,000 stock options were issued to a non-employee member of the Company’s advisory board. The stock options vest in 12 monthly installments commencing in June 2023. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | ​ |  | ​ | ​ |  | Weighted-Average |  | ​ | ​
​ | ​ | Number of | ​ | Weighted - Average | ​ | Remaining Contractual | ​ | Aggregate
​ | ​ | Options | ​ | Exercise Price | ​ | Term (years) | ​ | Intrinsic Value
Outstanding at January 1, 2022 | ​ | 5,536,896 | ​ | $ | 2.66 | ​ |  | ​ |  | ​
Granted* |  | 1,479,558 |  | ​ | 5.21 |  |  |  | ​ |
Exercised |  | (22,500) |  | ​ | 1.17 |  |  |  | ​ |
Forfeited/Expired |  | (35,400) |  | ​ | 5.10 |  |  |  | ​ |
Outstanding at March 31, 2022 |  | 6,958,554 | ​ | $ | 3.20 |  | 7.84 | ​ | $ | 26,515,544
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercisable at March 31, 2022 |  | 3,418,917 | ​ | $ | 1.82 |  | 6.53 | ​ | $ | 17,679,562
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Vested and Expected to Vest at March 31, 2022 |  | 6,958,554 | ​ | $ | 3.20 |  | 7.84 | ​ | $ | 26,515,544
​ *Includes 110,000 stock options granted by the Company to a non-employee director of the Company during the three-month period ended March 31, 2022. The stock option fully vests on January 1, 2025. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | Weighted-Average | ​ | ​
​ | ​ | Number of | ​ | Weighted - Average | ​ | Remaining Contractual | ​ | Aggregate
​ |  | Options |  | Exercise Price |  | Term (years) |  | Intrinsic Value
Outstanding at January 1, 2023 |  | 1,027,500 | ​ | $ | 3.46 |  |  |  | ​ |
Granted |  | - | ​ |  | - |  |  |  | ​ |
Exercised |  | - | ​ |  | - |  |  |  | ​ |
Forfeited/Expired |  | (33,500) | ​ |  | 3.41 |  |  |  | ​ |
Outstanding at March 31, 2023 |  | 994,000 | ​ | $ | 3.46 |  | 9.51 | ​ | $ | 5,051,370
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercisable at March 31, 2023 |  | 31,250 | ​ | $ | 5.20 |  | 9.29 | ​ | $ | 104,500
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Vested and Expected to Vest at March 31, 2023 |  | 994,000 | ​ | $ | 3.46 |  | 9.51 | ​ | $ | 5,051,370
​
Schedule of weighted average assumptions | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended March 31, | ​
​ |  | 2023 |  | 2022 | ​
Weighted average fair value of options granted | ​ | $ | 1.79 | ​ | $ | 3.10 | ​
Risk-free interest rate | ​ | ​ | 3.88 | % | ​ | 1.94%-2.33 | %
Expected term (years) | ​ | ​ | 3.0 | ​ | ​ | 6.0-6.42 | ​
Expected volatility factor | ​ | ​ | 79.95 | % | ​ | 62.00 | %
Expected dividends | ​ | ​ | - | ​ | ​ | - | ​
​
Schedule of stock-based compensation expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended
​ | ​ | March 31,
​ |  | 2023 |  | 2022
Direct operating costs | ​ | $ | 63 | ​ | $ | 52
Selling and administrative expenses | ​ |  | 899 | ​ |  | 485
Total stock-based compensation | ​ | $ | 962 | ​ | $ | 537
Restricted Stock Units |
Stock Options and Restricted Stock Units |
Summary of restricted stock under the company's plan | ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Number of |  | Weighted-Average
​ | ​ | Restricted Stock | ​ | Grant Date
​ | ​ | Units | ​ | Fair Value
Unvested at January 1, 2022 |  | - |  | $ | -
Granted* |  | 700,000 | ​ | ​ | 5.59
Vested |  | - | ​ |  | -
Forfeited/Expired |  | - | ​ |  | -
Unvested at March 31, 2022 |  | 700,000 | ​ | $ | 5.59
​ * 200,000 RSUs were issued under the 2013 Plan and 500,000 RSUs were issued under the 2021 Plan.

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