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:

    

    

    

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