XML 43 R27.htm IDEA: XBRL DOCUMENT v3.22.4
Shareholders Equity (Tables)
12 Months Ended
Dec. 31, 2022
Equity [Abstract]  
Schedule of Restricted Stock Activity

A summary of the restricted stock activity is presented as follows:

 

       Weighted Average 
       Grant Date 
   Shares   Fair Value 
         
Outstanding at          
December 31, 2021   317,586   $3.27 
Granted   966,801    0.63 
Vested   (405,542)   2.69 
Forfeited   (35,000)   2.00 
December 31, 2022   843,845   $0.56 
Schedule of Stock Option Activity

The following table represents option activity during the year ended December 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    572,462    1.26    7.0 
Outstanding at December 31, 2022   747,846   $1.36    4.2 
Exercisable at December 31, 2022   428,962   $1.46    3.4 
Schedule of Fair Value Assumptions

 

   Year Ended
December 31,
2022
 
Valuation assumptions:     
Risk-free rate   1.64%
Expected volatility   62%
Expected term (years)   5 
Dividend yield   0