XML 46 R33.htm IDEA: XBRL DOCUMENT
v3.23.2

Stock-Based Compensation and Stock Options (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Schedule of Weighted-Average Assumptions used in Black-Scholes Option Pricing Model | The fair value of 2022 stock options and modification and 2021 stock options was estimated using the Black-Scholes option pricing model with the following weighted-average assumptions:
| 2022 |  | 2021
Weighted-average fair value of options granted per share | $ | 3.00 |  |  | $ | 11.47 |
Historical volatility | 77 | % |  | 78 | %
Risk-free interest rate | 2.85 | % |  | 0.25 | %
Dividend yield | — |  |  | — |
Expected life in years | 3.2 |  | 3.8
Schedule of Option Activity | Option activities during the years ended December 31, 2021 and 2022 were as follows:
| Shares |  | Weighted-Average Exercise Price |  | Weighted-Average Remaining Contractual Life |  | Aggregate Intrinsic Value
|  |  |  |  |  |  | (In thousands)
Outstanding at January 1, 2021 | 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 |  |
Options Granted | 700,000 |  |  | $ | 7.95 |  |  |  |  |
Exercised options | (565,000) |  |  | $ | 3.49 |  |  |  |  |
Options forfeited and canceled | (50,000) |  |  | $ | 3.49 |  |  |  |  |
Outstanding at December 31, 2022 | 1,175,000 |  |  | $ | 6.40 |  |  | 3.38 years |  | $ | 408 |
Exercisable and fully vested at December 31, 2022 | 612,500 |  |  | $ | 5.89 |  |  | 3.14 years |  | $ | 288 |
Outstanding at December 31, 2022 and expected to vest thereafter | 562,500 |  |  | $ | 6.95 |  |  | 3.64 years |  | $ | 120 |
Schedule of Outstanding Options | Outstanding options at December 31, 2022 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 |  |  | 425,000 |  |  | 2.05 years |  | $ | 3.49 |  |  | 300,000 |  |  | 2.11 years
$ | 6.78 |  |  | 100,000 |  |  | 4.42 years |  | $ | 6.78 |  |  | — |  |  | — |
$ | 8.14 |  |  | 600,000 |  |  | 4.17 years |  | $ | 8.14 |  |  | 300,000 |  |  | 4.17 years
$ | 9.44 |  |  | 50,000 |  |  | 3.01 years |  | $ | 9.44 |  |  | 12,500 |  |  | 3.01 years

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition 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. + 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 -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationSharesAuthorizedUnderStockOptionPlansByExercisePriceRangeTextBlock
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