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Equity Incentive Plans and Share-Based Payments (Tables)
3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Unit Activity

Options outstanding and exercisable under the employee share option plan as of March 31, 2022 and a summary of option activity during the three months then ended is presented below.

 

   Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Term  

Aggregate Intrinsic Value (1)

(in 000’s)

 
Outstanding at December 31, 2021   613,614   $4.77    9.94    1,687 
Granted   28,378   $2.96           
Exercised   -   $-           
Canceled or forfeited   (38,096)  $4.77           
Outstanding at March 31, 2022   603,896   $4.68    9.53   $10 
Exercisable at March 31, 2022   -   $-    -   $- 

 

  (1) The aggregate intrinsic value is calculated as the difference between the exercise price of the underlying options and the fair value of the common stock for the options that were in the money at March 31, 2022.