XML 109 R92.htm IDEA: XBRL DOCUMENT v3.23.1
Stock Awards and Stock-Based Compensation (Tables)
3 Months Ended 12 Months Ended
Mar. 31, 2023
Dec. 31, 2022
Stock Awards and Stock-Based Compensation    
Schedule of stock options activity

    

    

    

Weighted

    

Weighted

Average

Average

Remaining

 

Options

 

Exercise Price

 

Contractual

 

Aggregate

Outstanding

Per Share

Life (years)

Intrinsic Value

Balance as of January 1, 2022

 

395,002

$

6.40

 

2.42

$

5,365,737

Options granted

 

7,443

 

3.20

 

 

Options exercised

 

(15,121)

 

6.30

 

 

Options canceled and forfeited

(215)

4.40

Balance as of December 31, 2022

387,109

6.40

1.45

0

Options granted

2,647

3.01

Options exercised

(1,230)

3.25

Options canceled and forfeited

 

(756)

 

7.94

 

 

Balance as of March 31, 2023

 

387,770

 

6.37

 

1.21

 

0

Options vested and exercisable as of March 31, 2023

 

387,770

$

6.37

 

1.21

$

0

    

    

    

Weighted

    

Weighted

Average

Average

Remaining

Options

Exercise Price

Contractual

Aggregate

Outstanding

Per Share

Life (years)

Intrinsic Value

Balance as of January 1, 2021

346,806

$

6.30

 

3.21

$

527,450

Options granted

 

52,347

 

7.55

 

  

 

  

Options exercised

 

 

 

  

 

  

Options canceled and forfeited

 

(4,151)

 

3.85

 

  

 

  

Balance as of December 31, 2021

395,002

6.40

 

2.42

5,365,737

Options granted

7,443

3.20

Options exercised

(15,121)

6.30

Options canceled and forfeited

(215)

4.40

Balance as of December 31, 2022

387,109

6.40

1.45

0

Options vested and exercisable as of December 31, 2022

387,109

$

6.40

 

1.45

$

0

Schedule of outstanding RSU activity

    

RSU Outstanding Number of Shares

Balance as of January 1, 2022

126,900

Granted

211,700

Vested (issued)

(46,036)

Forfeited

Balance as of December 31, 2022

292,564

Granted

4,627

Vested (issued)

Forfeited

(20,601)

Balance as of March 31, 2023

276,590

     

RSU Outstanding Number of Shares

Balance as of January 1, 2021

    

Granted

 

126,900

Vested (issued)

 

Forfeited

 

Balance as of December 31, 2021

 

126,900

Granted

 

211,700

Vested (issued)

 

(46,036)

Forfeited

 

Balance as of December 31, 2022

 

292,564

Schedule of fair value of options granted

Fair value of Class A Common Stock

    

$

2.65—3.57

Exercise price

$

2.93 — 3.09

Risk free interest rate

3.91 — 4.23

%

Expected dividend yield

0.00

%

Expected volatility

92.90 — 96.45

%

Expected term

3 Years

The following assumptions were used to calculate the fair value of options granted during the year ended December 31, 2022:

Fair value of Class A Shares of Common Stock

$

3.05 – 22.90

Exercise price

$

3.10 – 3.75

Risk free interest rate

 

1.25 - 4.38

%

Expected dividend yield

 

0

%

Expected volatility

 

52.80 – 104.50

%

Expected term

 

3 Years

Schedule of stock-based compensation expense

Three months ended March 31,

    

2023

    

2022

Cost of services

$

494

$

2,174

Research and development

18,855

59,860

Selling, general, and administrative

40,225

225,752

Total stock-based compensation expense

$

59,574

$

287,786

    

For the years ended December 31,

2022

    

2021

Cost of services provided

$

21,721

$

160,504

Research and development expense

 

292,084

 

493,336

Selling, general, and administrative

 

2,085,258

 

2,126,799

Total stock-based compensation expense

$

2,399,063

$

2,780,639