XML 41 R31.htm IDEA: XBRL DOCUMENT
v3.22.2.2

Stockholders’ Equity (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2022
Equity [Abstract] |
Schedule of Stock Options Activity | The following table summarizes stock option activity during the nine months ended September 30, 2022, (in thousands, except per share data). Schedule of Stock Options Activity
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (in years) |  |  | Total Intrinsic Value (1) |
Outstanding as of January 1, 2022 |  |  | 5,110 |  |  | $ | 3.27 |  |  |  | 3.4 |  |  | $ | 20,820 |
Granted |  |  | 935 |  |  |  | 9.60 |  |  |  | 6.6 |  |  |  | - |
Cashless exercised |  |  | (1,233 | ) |  |  | 1.91 |  |  |  | - |  |  |  | - |
Forfeited |  |  | (20 | ) |  |  | 2.02 |  |  |  | - |  |  |  | - |
Outstanding as of September 30, 2022 |  |  | 4,792 |  |  | $ | 4.55 |  |  |  | 3.7 |  |  | $ | 32,899 |
Options vested and exercisable |  |  | 3,280 |  |  | $ | 3.18 |  |  |  | 2.6 |  |  | $ | 26,819 |
Summary of Weighted Average Assumptions Used in Determining Fair Value of Warrants | The following table summarizes weighted average assumptions used in determining the fair value of the options at the date of grant during the nine months ended September 30, 2022 and 2021: Summary of Weighted Average Assumptions Used in Determining Fair Value of Warrants
|  | For the nine months ended |
|  | September 30, |
|  | 2022 |  |  | 2021 |
Exercise price |  | $ | 9.73 |  |  | $ | 7.48 |
Expected term (years) |  |  | 4.5 |  |  |  | 3.9 |
Expected stock price volatility |  |  | 79 | % |  |  | 80 | %
Risk-free rate of interest |  |  | 2.3 | % |  |  | 0.7 | %
Expected dividend yield (per share) |  |  | 0 | % |  |  | 0 | %
Schedule of Warrant Activity | The following table summarizes warrant activity during the nine months ended September 30, 2022 (in thousands, except per share data): Schedule of Warrant Activity
|  | Number of Shares |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Life (in years) |
Outstanding as of January 1, 2022 |  |  | 855 |  |  | $ | 8.23 |  |  |  | 1.9 |
Warrants granted |  |  | - |  |  |  | - |  |  |  | - |
Outstanding as of September 30, 2022 |  |  | 855 |  |  | $ | 8.23 |  |  |  | 1.1 |
Warrants vested and exercisable |  |  | 855 |  |  | $ | 8.23 |  |  |  | 1.1 |

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 input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (bbb) -URI https://asc.fasb.org/extlink&oid=126976982&loc=d3e19207-110258 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisValuationTechniquesTableTextBlock
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 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