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Share Based Compensation (Tables) | 9 Months Ended
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Sep. 30, 2023
Share Based Compensation [Abstract] |
Schedule of Activity with Respect Status of, RSUs | A summary of the activity with respect to, and status of, RSUs during the nine-month period ended September 30, 2023 is presented below:
|  | Number of RSUs |  |  | Weighted Average Grant Date Value |
Unvested as of January 1, 2023 |  |  | - |  |  |  |  |
Granted |  |  | 3,115,989 |  |  | $ | 10.12 |
Vested |  |  | (131,568 | ) |  |  |  |
Unvested as of September 30, 2023 |  |  | 2,984,421 |  |  | $ | 10.12 |
Schedule of Common Stock and Current Interest Rates | The fair value of the earn-out shares was estimated using a Monte Carlo simulation utilizing assumptions related to the contractual term of the instruments, estimated volatility of the price of the Common Stock and current interest rates. Below are the key assumptions used in valuing the earn-out shares:
|  | As of 9/30/2023 |
PSQH Stock Price |  | $ | 9.08 |
Volatility |  |  | 40 | %
Risk free rate of return |  |  | 4.6 | %
Expected term (in years) |  |  | 4.8 |
Schedule of Share-Based Compensation Expense | During the three and nine months ended September 30, 2023, the Company recorded the following share-based compensation expense, related to RSUs and earn-out shares:
|  | For the three and nine months ended September 30, 2023 |
Cost of sales |  | $ | 2,239 |
General and administrative expenses |  |  | 587,717 |
Transaction incurred in connection with the Business Combination |  |  | 910,800 |
Research and development |  |  | 201,810 |
Sales and marketing |  |  | 393,323 |
|  | $ | 2,095,889 |

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- Definition Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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- Definition Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
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