Quarterly report pursuant to Section 13 or 15(d)

Share-based Compensation (Tables)

v3.22.2.2
Share-based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Information about Incentive Plan

The following table contains information about the 2019 Plan as of September 30, 2022:

 

    Awards                 Awards  
    Reserved for     Awards     Awards     Available for  
    Issuance     Issued     Exercised     Grant  
2019 Plan     571,429       329,937       7,183       234,309  
Schedule of Incentive Stock Option Activity

The following table summarizes the Company’s incentive stock option activity and related information for the period ended September 30, 2022:

 

                Weighted  
          Weighted     Average  
          Average     Contractual  
    Number of     Exercise     Term in  
    Options     Price     Years  
Outstanding at January 1, 2022     434,939     $ 1.675747       8.56  
                         
Granted                  
Exercised                  
Forfeited                  
Cancelled     (105,002 )     1.40        
Expired                  
Outstanding at September 30, 2022     329,937     $ 1.763503       7.83  
Exercisable at September 30, 2022     318,508     $ 1.726311       7.81  
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 Units Grant

 

          Weighted  
          Average  
    Number of     Grant Date  
    Units     Fair Value  
Outstanding at January 1, 2022         $  
Granted     96,114       1.60  
Exercised and converted to common shares            
Forfeited            
Outstanding at September 30, 2022     96,114     $ 1.60  
Exercisable at September 30, 2022     8,523     $ 4.40  
Summary of Common Stock Warrants

The following table shows a summary of common stock warrants through September 30, 2022:

 

          Weighted     Weighted  
          Average     Average  
    Number of     Exercise     Contractual  
    Warrants     Price     Term in Years  
Outstanding at January 1, 2022     3,637,190     $ 5.16281       4.63  
Granted                  
Exercised                  
Forfeited                  
Cancelled                  
Expired                  
Outstanding at September 30, 2022     3,637,190     $ 5.16281       3.90  
Exercisable at September 30, 2022     3,637,190     $ 5.16281       3.90