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Stock Incentive Plans
 9 Months Ended
Sep. 30, 2022
Stock Incentive Plans [Abstract]  
Stock Incentive Plans

(16) Stock Incentive Plans

 

2021 Incentive Stock Plan

 

On November 12, 2021, the Company’s Annual General Meeting adopted and approved the 2021 Omnibus Equity Incentive Plan of IT Tech Packaging, Inc. (the”2021 Plan”).Under the 2021 ISP, the Company has reserved a total of 1,500,000 shares of common stock for issuance as or under awards to be made to the directors, officers, employees and/or consultants of the Company and its subsidiaries. On August 15, 2022, the Compensation Committee granted common shares of 1,500,000 shares under the 2021 Plan, to fifteen officers. Total fair value of the stock was calculated at $1,560,000 as of the date of issuance at $1.04 per share.