XML 38 R26.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Stockholders' Equity (Tables)
3 Months Ended
Mar. 31, 2024
Stockholders' Equity  
Schedule of restricted Stock Units activity

Weighted

Average

Number of

Exercise

    

RSUs

    

Price

RSUs non-vested January 1, 2024

 

106,019

$

2.12

Granted

 

 

Vested

 

 

Forfeited

 

 

RSUs non-vested March 31, 2024

 

106,019

$

2.12

Vested RSUs undelivered March 31, 2024

 

135,745

$

2.22

Summary of the option activity

    

    

    

    

    

Weighted

    

    

 

Weighted

 

Average

 

Average

 

Remaining

 

Aggregate

 

Number of

 

Exercise

 

Life

 

Intrinsic

 

Options

 

Price

 

In Years

 

Value

Outstanding, January 1, 2024

 

5,306,377

$

3.31

 

  

 

  

Granted

 

863,000

 

1.88

 

  

 

  

Exercised

 

 

 

  

 

  

Forfeited

 

(146,500)

1.27

 

Outstanding, March 31, 2024

6,022,877

$

3.19

6.9

$

Exercisable, March 31, 2024

 

4,147,529

$

3.63

 

5.8

$

Schedule of information related to stock options

The following table presents information related to stock options as of March 31, 2024:

Options Outstanding

 

Options Exercisable

 

Weighted

 

Outstanding

 

Average

 

Exercisable

Exercise

 

Number of

 

Remaining Life

 

Number of

Price

    

Options

    

In Years

    

Options

$1.00 - $1.99

 

2,299,482

4.5

 

1,049,492

$2.00 - $2.99

 

1,446,663

6.6

 

995,502

$3.00 - $3.99

 

898,528

6.3

 

781,568

$4.00 - $4.99

 

333,000

7.4

 

275,930

$5.00 - $5.99

 

50,805

3.5

 

50,638

$6.00 - $6.99

 

843,759

5.9

 

843,759

$7.00+

 

150,640

4.0

 

150,640

6,022,877

5.8

4,147,529

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

For the Three Months Ended

March 31, 

    

2024

    

2023

Expected term (years)

5.85 - 10.00

 

5.85 - 10.00

Risk free interest rate

4.04% - 4.24%

3.60% - 4.18%

Expected volatility

80% - 82%

82% - 83%

Expected dividends

0.00%

0.00%