XML 40 R30.htm IDEA: XBRL DOCUMENT v3.23.1

Stock Options and Restricted Stock Units (Tables)

3 Months Ended

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.

X

- Definition

Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table.

+ References

No definition available.

+ Details

Name:	inod_StockOptionsLineItems
Namespace Prefix:	inod_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (d)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (e)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

+ Details

Name:	us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year.

+ References

No definition available.

+ Details

Name:	us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Details

Name:	us-gaap_AwardTypeAxis=us-gaap_RestrictedStockUnitsRSUMember
Namespace Prefix:
Data Type:	na
Balance Type:
Period Type: