XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.23.1

STOCKHOLDERS’ EQUITY (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2022
Equity [Abstract] |
Assumptions for options granted |
Assumptions for options granted |  |  |  |  |  |  |  |
|  | 2022 |  |  | 2021 |
Expected volatility |  |  | 94.94% - 97.41% |  |  |  | 93.03% - 99.32% |
Expected term |  |  | 5 - 7 Years |  |  |  | 5 - 7 Years |
Risk-free interest rate |  |  | 1.55% - 3.86% |  |  |  | 1.25% - 1.38% |
Weighted average FV |  |  | $13.02 |  |  |  | $19.55 |
Schedule of option activity |
Schedule of option activity |  |  |  |  |  |  |  |
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life
Outstanding at December 31, 2020 |  |  | 341,808 |  |  | $ | 11.27 |  |  |
Granted |  |  | 43,300 |  |  |  | 24.63 |  |  |
Exercised |  |  | (97,192 | ) |  |  | 13.28 |  |  |
Forfeited |  |  | (24,483 | ) |  |  | 23.84 |  |  |
Outstanding at December 31, 2021 |  |  | 263,433 |  |  |  | 11.56 |  |  |
Granted |  |  | 78,400 |  |  |  | 16.72 |  |  |
Exercised |  |  | (1,750 | ) |  |  | 6.67 |  |  |
Forfeited |  |  | (3,325 | ) |  |  | 36.25 |  |  |
Outstanding at December 31, 2022 |  |  | 336,758 |  |  | $ | 12.54 |  |  | 7.04 Years
Exercisable at December 31, 2022 |  |  | 225,360 |  |  | $ | 8.89 |  |  | 6.30 Years
Schedule of restricted stock units |
Schedule of restricted stock units |  |  |  |  |  |  |  |  |
|  | PSU Nonvested Shares |  |  | RSU Nonvested Shares |  |  | Weighted-Average Grant-Date Fair Value |
Nonvested at December 31, 2021 |  |  | – |  |  |  | – |  |  | $ | – |
Granted |  |  | 142,500 |  |  |  | 142,500 |  |  |  | 13.05 |
Vested |  |  | – |  |  |  | (71,250 | ) |  |  | 13.05 |
Nonvested at December 31, 2022 |  |  | 142,500 |  |  |  | 71,250 |  |  | $ | 13.05 |
Schedule of restricted stock award activity |
Schedule of restricted stock award activity |  |  |  |  |  |
|  |  |  |  | Weighted- |
|  | Nonvested |  |  | Average Grant- |
|  | Shares |  |  | Date Fair Value |
Nonvested at December 31, 2020 |  |  | 46,563 |  |  | $ | 12.28 |
Granted |  |  | 20,444 |  |  |  | 31.41 |
Vested |  |  | (40,513 | ) |  |  | 18.32 |
Forfeited |  |  | (12,825 | ) |  |  | 14.95 |
Nonvested at December 31, 2021 |  |  | 13,669 |  |  |  | 20.45 |
Granted |  |  | 26,136 |  |  |  | 14.68 |
Vested |  |  | (21,940 | ) |  |  | 18.75 |
Nonvested at December 31, 2022 |  |  | 17,865 |  |  | $ | 14.11 |
Schedule of warrant activity |
Schedule of warrant activity |  |  |  |  |  |  |
|  |  | Number of Warrants |  |  | Weighted Average Exercise Price |
Outstanding at December 31, 2020 |  |  |  | 965,584 |  |  | $ | 6.33 |
Exercised |  |  |  | (445,926 | ) |  |  | 6.40 |
Outstanding at December 31, 2021 |  |  |  | 519,658 |  |  |  | 6.30 |
Exercised |  |  |  | (79,454 | ) |  |  | 6.30 |
Outstanding at December 31, 2022 |  |  |  | 440,204 |  |  | $ | 6.30 |
Exercisable at December 31, 2022 |  |  |  | 440,204 |  |  | $ | 6.30 |

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfNonvestedRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5047-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 50 -Section S99 -Paragraph 1 -URI https://asc.fasb.org/extlink&oid=6784392&loc=d3e188667-122775 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityNoteWarrantsOrRightsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration