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Stockholders' Equity (Tables)
6 Months Ended
Jun. 30, 2023
Stockholders' Equity  
Schedule of Restricted Stock Units activity

Weighted

Average

Number of

Grant Date Value

    

RSUs

    

Per Share

RSUs non-vested January 1, 2023

 

172,800

$

1.80

Granted

 

86,205

 

2.32

Vested

 

(150,578)

 

1.80

Forfeited

 

(22,222)

 

1.80

RSUs non-vested June 30, 2023

 

86,205

$

2.32

Vested RSUs undelivered June 30, 2023

 

29,611

$

3.68

Schedule of Black-Scholes option pricing model to stock options granted

For the Three Months Ended

For the Six Months Ended

June 30, 

June 30,

    

2023

    

2022

    

2023

    

2022

Expected term (years)

5.50 - 10.00

 

5.09 - 5.50

5.50 - 10.00

0.58 - 10.00

Risk free interest rate

3.44% - 4.02%

2.79%

3.44% - 4.18%

0.76% - 2.79%

Expected volatility

82% - 94%

88%

82% - 95%

82% - 90%

Expected dividends

0.00%

0.00%

0.00%

0.00%

Summary of the option activity

    

    

    

    

    

    

    

 

 

 

Average

 

Remaining

 

Aggregate

 

Number of

 

Exercise

 

Life

 

Intrinsic

 

Options

 

Price

 

In Years

 

Value

Outstanding, January 1, 2023

 

5,380,553

$

3.55

 

  

 

  

Granted

 

677,190

 

2.39

 

  

 

  

Exercised

 

(88,999)

 

1.83

 

  

 

  

Forfeited/ Expired

 

(783,666)

3.88

 

Outstanding June 30, 2023

5,185,078

$

3.37

7.1

$

962,979

Exercisable June 30, 2023

 

3,582,370

$

3.69

 

6.2

$

501,462

Schedule of information related to stock options

The following table presents information related to stock options as of June 30, 2023:

Options Outstanding

 

Options Exercisable

 

Weighted

 

Outstanding

 

Average

 

Exercisable

Exercise

 

Number of

 

Remaining Life

 

Number of

Price

    

Options

    

In Years

    

Options

$1.00 - $1.99

 

1,407,183

4.7

 

884,183

$2.00 - $2.99

 

1,473,663

6.9

 

844,473

$3.00 - $3.99

 

908,528

6.8

 

694,510

$4.00 - $4.99

 

350,500

8.1

 

216,178

$5.00 - $5.99

 

50,805

4.3

 

50,638

$6.00 - $6.99

 

843,759

6.5

 

741,748

$7.00+

 

150,640

4.8

 

150,640

5,185,078

6.2

3,582,370