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Stock Based Compensation (Tables)
12 Months Ended
Dec. 31, 2023
Stock Based Compensation [Abstract]  
Schedule of Option Activity The Company had the following option activity during the year ended December 31, 2023 and 2022:
   Number of
Options
   Weighted
average
exercise price
   Weighted
average
remaining
contractual
life (years)
   Aggregate
intrinsic
value $
 
Outstanding at January 1, 2022   783,547   $34.17         
 
 
Granted   862,938   $25.43           
Exercised   (156,910)  $7.69           
Expired or forfeited   (182,705)  $37.13           
Outstanding at December 31, 2022   1,306,870   $31.14    2.7   $1,537,752 
Granted   426,703   $12.50           
Exercised   (24,668)  $7.34           
Expired or forfeited   (153,844)  $30.70           
Outstanding, December 31, 2023   1,555,061   $26.38    3.4   $1,046,481 
Exercisable, December 31, 2023   586,274   $33.10    2.6   $239,110 

 

Schedule of Total Options Outstanding The table below reflects information for the total options outstanding at December 31, 2023
Range of Exercise Prices  Number of
Options
   Weighted
average
remaining
contractual
life (years)
   Weighted
average
exercise
price
 
$4.20 to $10.00   108,044    4.3   $8.02 
$10.00 to $20.00   851,751    3.8   $14.35 
$20.00 to $40.00   247,284    2.7   $33.91 
$40.00 to $60.00   247,723    2.6   $48.30 
$60.00 to $96.70   100,259    2.7   $75.54 
Total   1,555,061    3.4   $26.38 
The table below reflects information for the vested options outstanding at December 31, 2023.
Range of Exercise Prices  Number of
Options
   Weighted
average
remaining
contractual
life (years)
   Weighted
average
exercise
price
 
$4.20 to $10.00   15,667    1.1   $7.54 
$10.00 to $20.00   222,707    2.9   $14.34 
$20.00 to $40.00   143,670    2.4   $31.79 
$40.00 to $60.00   138,776    2.5   $49.36 
$60.00 to $96.70   65,454    2.7   $75.80 
Total   586,274    2.6   $33.58 
Schedule of Company’s Non-Vested Options A summary of the status of the Company’s non-vested options as of December 31, 2023, and changes during the year ended December 31, 2023, is presented below.
Nonvested Options  Options   Weighted
average
exercise
price
 
Nonvested at January 1, 2022   1,056,187   $30.51 
Granted   426,703   $12.50 
Vested   (381,992)  $31.61 
Forfeited   (132,111)  $52.07 
Nonvested at December 31, 2023   968,787   $22.03 
Schedule of Restricted Stock Unit The Company had the following restricted stock unit (“RSU”) activity during the years ended December 31, 2023 and 2022:
   Number of
RSUs
   Weighted
average
grant date
fair value
   Weighted
average
remaining
contractual
life (years)
 
Outstanding at January 1, 2022   399,738   $52.99      
Granted   467,043   $25.69      
Forfeited   (39,346)  $44.06      
Shares issued   (29,945)  $59.41      
Withheld and cancelled   (8,416)  $68.69      
Outstanding at December 31, 2022   789,074   $36.95    2.0 
Granted   383,406   $12.30      
Forfeited   (244,923)  $58.18      
Vested and issued   (141,859)  $31.38      
Withheld and cancelled   (42,489)  $32.47      
Outstanding at December 31, 2023   743,209   $18.62    1.7