Annual report pursuant to Section 13 and 15(d)

Share-based Compensation (Tables)

v3.22.1
Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Compensation  
Schedule of information about 2019 plan

The following table contains information about the 2019 Plan as of December 31, 2021:

​

​

​

​

​

​

​

​

​

    

Awards

    

​

    

Awards

​

​

Reserved for 

​

Awards

​

Available for 

​

​

Issuance

​

 Issued

​

Grant

2019 Plan

 

571,429

 

434,939

 

136,490

Schedule of incentive stock option activity

The following table summarizes the Company’s incentive stock option activity and related information for the period ended December 31, 2021:

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​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted

​

​

​

​

Weighted

​

Average

​

​

​

​

Average

​

Contractual 

​

​

Number of 

​

Exercise 

​

Term in 

​

    

Options

    

Price

    

Years

Outstanding at January 1, 2020

 

28,576

 

​

1.873375

 

9.6

Granted

 

363,028

​

$

1.0185

 

10.0

Exercised

 

—

​

 

—

 

—

Forfeited

 

—

​

 

—

 

—

Cancelled

 

—

​

 

—

 

—

Expired

 

—

​

 

—

 

—

Outstanding at December 31, 2020

 

391,604

 

$

0.97076

 

9.32

​

​

​

​

​

​

​

​

Granted

 

90,478

​

$

3.960526

 

10.00

Exercised

 

(7,183)

​

 

1.75

 

—

Forfeited

 

—

​

 

—

 

—

Cancelled

 

(39,960)

​

 

1.49975

 

—

Expired

 

—

​

 

—

 

—

Outstanding at December 31, 2021

 

434,939

 

$

1.675747

 

8.56

Exercisable at December 31, 2021

 

291,364

​

$

1.331957

 

8.43

Schedule of assumptions used in share-based compensation

​

​

​

​

​

Volatility

    

171.12%-183.48

%

Risk-free interest rate

 

0.46% - 0.86

%

Dividend yield

 

0.0

%

Expected term

 

5.0 - 5.75 years

​

Schedule of restricted stock awards activity

​

​

​

​

​

​

​

​

    

​

    

Weighted 

​

​

​

​

Average 

​

​

Number of  

​

Grant Date 

​

​

Units

​

Fair Value

Granted

 

208,912

​

$

0.805

Exercised and converted to common shares

 

(169,388)

​

 

0.490

Forfeited

 

—

​

 

—

Outstanding at December 31, 2020

​

39,524

​

$

2.100

Granted

​

—

​

​

—

Exercised and converted to common shares

​

(39,524)

​

​

2.100

Forfeited

​

—

​

​

—

Outstanding at December 31, 2021

 

—

​

$

—

Exercisable at December 31, 2021

 

—

​

$

—

Summary of common stock warrants

​

​

​

​

​

​

​

​

​

​

    

​

    

Weighted 

    

Weighted 

​

​

​

​

Average 

​

Average 

​

​

Number of

​

Exercise

​

Contractual 

​

​

Warrants

​

Price

​

Term in Years

Outstanding at December 31, 2019

 

150,000

​

$

0.49000

 

2.81

​

​

​

​

​

​

​

​

Granted

 

60,500

​

$

1.7752

 

5.00

Exercised

 

—

​

 

—

 

—

Forfeited

 

—

​

 

—

 

—

Cancelled

 

—

​

 

—

 

—

Expired

​

—

​

​

—

 

—

Outstanding at December 31, 2020

​

210,500

​

$

0.85938

​

2.54

Granted

​

3,426,690

​

$

5.42717

​

4.98

Exercised

​

—

​

​

—

​

—

Forfeited

​

—

​

​

—

​

—

Cancelled

​

—

​

​

—

​

—

Expired

 

—

​

 

—

​

—

Outstanding at December 31, 2021

 

3,637,190

​

$

5.16281

 

4.63

Exercisable at December 31, 2021

 

3,637,190

​

$

5.16281

 

4.63