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Share Based Compensation (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Activity with Respect to, and Status of, RSUs

A summary of the activity with respect to, and status of, RSUs during the three and nine-month period ended September 30, 2024 is presented below:

			Number of  RSUs						Weighted  Average Grant  Date Value
Unvested as of January 1, 2024			1,655,542						$	9.61
Granted			2,276,710						8.10
Forfeited			(108,000)						10.12
Vested			(638,629)						6.91
Unvested as of March 31, 2024			3,185,623						$	8.93
Granted			490,140						3.48
Forfeited			(5,000)						10.12
Vested			(642,204)						6.44
Unvested as of June 30, 2024			3,028,559						$	6.65
Granted			150,000						2.71
Forfeited			(133,981)						7.01
Vested			(609,336)						6.02
Unvested as of September 30, 2024			2,435,242						$	6.64

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 7/19/2023
PSQH Stock Price			$	9.08
Volatility			40.0		%
Risk free rate of return			4.6		%
Expected term (in years)			4.8 years

Schedule of Share-Based Compensation Expense

During the three and nine months ended September 30, 2024, the Company recorded the following share-based compensation expense, related to RSUs, earn-out shares and Credova Merger:

			For the three months ended September 30, 2024						For the nine months ended September 30, 2024
Cost of sales			$	28,407					$	108,392
General and administrative expenses			4,092,365						9,948,361
Research and development			411,470						1,149,456
Sales and marketing			1,264,581						4,761,388
Transaction costs incurred in connection with Credova Merger			—						887,409
			$	5,796,823					$	16,855,006

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
Research and development			201,810
Sales and marketing			393,323
Transaction incurred in connection with the Business Combination			910,800
			$	2,095,889

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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-Name Accounting Standards Codification
-Topic 718
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-Section 50
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Tabular disclosure of interest rate derivatives, including, but not limited to, the fair value of the derivatives, statement of financial position location, and statement of financial performance location of these instruments.

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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.

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