XML 54 R32.htm IDEA: XBRL DOCUMENT v3.24.1
Equity (Tables)
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
Summary of Restricted Stock Units Activity

For the year ended December 31, 2023, a summary of RSU activity is as follows:

 

 

   Shares   Weighted Average Grant Date
Fair Value		 
Outstanding as of December 31, 2022   1,028,960   $2.31 
Granted   3,227,151    0.26 
Canceled   (173,823)   1.45 
Vested and released   (1,028,788)   0.21 
Outstanding as of December 31, 2023   3,053,500   $0.90 
Vested as of December 31, 2023   2,860,898   $0.93 
Unvested as of December 31, 2023   192,602   $0.49 
For the year ended December 31, 2022, a summary of RSU activity is as follows:

 

   Shares   Weighted Average Grant Date
Fair Value		 
Outstanding as of December 31, 2021   1,147,250   $3.78 
Granted   749,067    0.93 
Canceled   (271,000)   2.79 
Vested and released   (596,357)   3.18 
Outstanding as of December 31, 2022   1,028,960   $2.31 
Vested as of December 31, 2022   471,484   $3.23 
Unvested as of December 31, 2022   557,476   $1.53 
 
Summary of Options Activity

For the year ended December 31, 2023, a summary of the options activity is as follows:

 

   Shares   Weighted Average Exercise Price   Weighted Average Fair Value   Weighted Average Remaining Contractual Term (Years)   Aggregate Intrinsic Value 
Outstanding as of December 31, 2022   2,561,231   $2.18   $1.19    3.33   $31,124 
Granted   325,000    0.32    0.15    3.02    — 
Exercised   —    —    —    —    — 
Expired/forfeited   (380,999)   1.83    0.99    —    — 
Outstanding as of December 31, 2023   2,505,232   $2.00   $1.08    1.49   $2,294 
Exercisable as of December 31, 2023   2,309,199   $2.13   $1.16    1.27   $2,294 
For the year ended December 31, 2022, a summary of the options activity is as follows:

 

   Shares   Weighted Average Exercise Price   Weighted Average Fair Value   Weighted Average Remaining Contractual Term (Years)   Aggregate Intrinsic Value 
Outstanding as of December 31, 2021   2,541,667   $2.88   $1.57    4.27   $1,244,029 
Granted   512,065    0.66    0.32    3.02    — 
Exercised   (185,000)   0.40    0.29    —    — 
Expired/forfeited   (307,501)   6.47    3.46    —    — 
Outstanding as of December 31, 2022   2,561,231   $2.18   $1.19    3.33   $31,124 
Exercisable as of December 31, 2022   2,046,309   $2.37   $1.30    3.06   $31,124 

 
Schedule of Significant Weighted Average Assumptions

For the years ended December 31, 2023 and 2022, the significant weighted average assumptions relating to the valuation of the Company’s stock options granted were as follows:

Schedule of Significant Weighted Average Assumptions 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
Stock price  $0.32   $0.66 
Dividend yield   —%   —%
Expected life (years)   3.02    3.02 
Expected volatility   63.64%   69.49%
Risk-free interest rate   4.22%   3.47%