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Stock-Based Compensation and Stock Options (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Weighted-Average Assumptions used in Black-Scholes Option Pricing Model

The fair value of 2021 stock options and modification and 2020 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:

			2021						2020
Weighted-average fair value of options granted per share			$	11.47					$	3.86
Historical volatility			78		%				78		%
Risk-free interest rate			0.25		%				0.19		%
Dividend yield			—						—
Expected life in years			3.8						2.9

Schedule of Option Activity

Option activities during the years ended December 31, 2020 and 2021 were as follows:

			Shares						Weighted-Average Exercise Price						Weighted-Average Remaining Contractual Life						Aggregate Intrinsic Value
																					(In thousands)
Outstanding at January 1, 2020			750,000						$	10.35					6.01 years
Options Granted			2,850,000						3.49
Exercised options			(75,000)						3.49
Options forfeited and canceled			(200,000)						17.48
Outstanding at December 31, 2020			3,325,000						$	3.49					4.39 years
Options Granted			50,000						$	9.44
Exercised options			(2,160,000)						$	3.49
Options forfeited and canceled			(125,000)						$	3.49
Outstanding at December 31, 2021			1,090,000						$	3.76					2.92 years						$	6,167
Exercisable and fully vested at December 31, 2021			640,000						$	3.49					2.77 years						$	3,795
Outstanding at December 31, 2021 and expected to vest thereafter			450,000						$	4.15					3.14 years						$	2,372

Schedule of Outstanding Options

Outstanding options at December 31, 2021 were as follows:

Exercise Price						Options Outstanding						Options Outstanding Weighted-Average Remaining Contractual Life						Weighted-Average Exercise Price						Options Outstanding  and Exercisable						Options Exercisable Weighted-Average Remaining Contractual Life
$	3.49					1,040,000						2.87 years						$	3.49					640,000						2.77 years
$	9.44					50,000						4.10 years						$	9.44					—						—

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Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms.

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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.

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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.

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