XML 61 R39.htm IDEA: XBRL DOCUMENT
v3.24.1.u1

Share-Based Compensation Expense (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of stock option award activity | The Company grants stock options to certain employees that will vest over a period of one to four years. A summary of stock option award activity for the years ended December 31, 2023 and 2022 was as follows:
Options |  | Shares |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Term
Outstanding at December 31, 2021 |  | 1,217,161 |  |  | $ | 11.20 |  |  | 7.2
Granted |  | 5,435 |  |  | 15.60 |  |  |
Exercised |  | (333,102) |  |  | 1.92 |  |  |
Cancelled or forfeited |  | (128,086) |  |  | 35.36 |  |  |
Outstanding at December 31, 2022 |  | 761,408 |  |  | $ | 11.12 |  |  | 2.7
Granted |  | — |  |  | — |  |  |
Exercised |  | (489,436) |  |  | 1.94 |  |  |
Cancelled or forfeited |  | (78,816) |  |  | 51.48 |  |  |
Outstanding at December 31, 2023 |  | 193,156 |  |  | $ | 17.89 |  |  | 5.8
Exercisable at December 31, 2023 |  | 191,635 |  |  | $ | 17.50 |  |  | 5.8
Schedule of Fair Value of Stock Options Assumptions | The fair value of stock options issued during the year ended December 31, 2022 was measured with the following assumptions:
|  | 2022
Expected volatility |  | 78.1-88.2%
Expected term (in years) |  | 6.25
Risk-free interest rate |  | 0.1-1.3%
Expected dividend yield |  | 0.0 | %
Schedule of fair value of restricted stock awards | Restricted stock units activity during the years ended December 31, 2023 and 2022 was as follows:
| Number of Shares |  | Weighted Average Grant Date Fair Value Per Share
Non-vested, at December 31, 2021 | 75,554 |  |  | $ | 48.48 |
Granted | 1,404,870 |  |  | 9.60 |
Vested | (132,792) |  |  | 14.40 |
Cancelled or forfeited | (118,543) |  |  | 21.60 |
Non-vested, at December 31, 2022 | 1,229,089 |  |  | $ | 10.40 |
Granted | 693,506 |  |  | 6.36 |
Vested | (531,029) |  |  | 12.55 |
Cancelled or forfeited | (289,471) |  |  | 10.10 |
Non-vested, at December 31, 2023 | 1,102,095 |  |  | $ | 7.74 |
Share-Based Payment Arrangement, Restricted Stock Unit, Activity | The fair value and derived service period of each tranche was as follows:
Stock Price Tranche |  | Fair Value |  | Derived Service Period (in years)
$25.84 |  | $8.88 |  | 1.72
42.96 |  | 8.48 |  | 2.71
60.00 |  | 8.24 |  | 3.30
77.12 |  | 7.92 |  | 3.70
94.16 |  | 7.76 |  | 4.11
111.28 |  | 7.52 |  | 4.42
128.32 |  | 7.28 |  | 4.64
145.44 |  | 7.12 |  | 4.78
162.48 |  | 6.96 |  | 5.00
179.60 |  | 6.80 |  | 5.10

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

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
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 -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + 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 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
Name: | us-gaap_ScheduleOfShareBasedCompensationRestrictedStockUnitsAwardActivityTableTextBlock
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 -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 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration