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Stockholders’ Equity (Tables) | 3 Months Ended
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Mar. 31, 2024
Equity [Abstract] |
Summary of RSU Activity | For the three months ended March 31, 2024, a summary of RSU activity is as follows: Summary of RSU Activity
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding as of December 31, 2023 |  |  | 152,703 |  |  | $ | 18.03 |
Granted |  |  | — |  |  |  | — |
Canceled |  |  | (463 | ) |  |  | 9.34 |
Outstanding as of March 31, 2024 |  |  | 152,240 |  |  |  | 18.06 |
Vested as of March 31, 2024 |  |  | 143,427 |  |  |  | 18.56 |
Unvested as of March 31, 2024 |  |  | 8,813 |  |  | $ | 9.89 |
For the three months ended March 31, 2023, a summary of RSU activity is as follows:
|  | Shares |  |  | Weighted Average Grant Date Fair Value |
Outstanding as of December 31, 2022 |  |  | 51,484 |  |  | $ | 46.22 |
Granted |  |  | 32,489 |  |  |  | 8.40 |
Canceled |  |  | (2,861 | ) |  |  | 36.16 |
Outstanding as of March 31, 2023 |  |  | 81,112 |  |  |  | 31.43 |
Vested as of March 31, 2023 |  |  | 56,151 |  |  |  | 32.20 |
Unvested as of March 31, 2023 |  |  | 24,961 |  |  | $ | 29.70 |
Summary of Options Activity | For the three months ended March 31, 2024, a summary of the options activity is as follows: Summary of Options Activity
|  | Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Fair Value |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value |
Outstanding as of December 31, 2023 |  |  | 125,264 |  |  | $ | 40.61 |  |  | $ | 22.04 |  |  |  | 23.80 |  |  | $ | 45,880 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Expired/Forfeited |  |  | (60,181 | ) |  |  | 41.09 |  |  |  | 22.51 |  |  |  | — |  |  |  | — |
Outstanding as of March 31, 2024 |  |  | 65,083 |  |  | $ | 40.19 |  |  | $ | 21.63 |  |  |  | 2.36 |  |  | $ | — |
Exercisable as of March 31, 2024 |  |  | 58,848 |  |  | $ | 43.68 |  |  | $ | 23.56 |  |  |  | 2.19 |  |  | $ | — |
Schedule of Significant Weighted Average Assumptions | For the three months ended March 31, 2024 and 2023, the significant assumptions relating to the valuation of the Company’s stock options granted were as follows: Schedule of Significant Weighted Average Assumptions
|  | 2024 |  |  | 2023 |
|  | March 31, |
|  | 2024 |  |  | 2023 |
Stock price |  | $ | — |  |  | $ | 9.00 |
Dividend yield |  |  | — | % |  |  | — | %
Expected life (years) |  |  | — |  |  |  | 3.02 |
Expected volatility |  |  | — | % |  |  | 65.78 | %
Risk-free interest rate |  |  | — | % |  |  | 3.81 | %

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