Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.1
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2022
SHARE-BASED COMPENSATION  
Schedule of fair value of options and share awards granted under the stock option plan

    

2021

    

Risk-free interest rates

0.91

%  

Expected life

 

5 years

 

Expected volatility

 

40.81

%  

Expected dividend yield

 

0.00

%  

Summary of stock option activity

The following table summarizes the stock option activity:

Weighted Average 

Aggregate 

Number of 

Weighted Average 

Remaining 

Intrinsic 

    

Options

    

Exercise Price

    

Contractual Term

    

Value

Balance at January 1, 2022

 

1,472,988

$

1.92

 

8.98

$

3,616,248

Granted

 

 

 

 

Forfeited/Cancelled

 

(13,667)

 

0.002

 

 

Exercised

 

 

 

 

Balance at March 31, 2022

 

1,459,321

 

1.94

 

8.76

$

710,438

Exercisable at March 31, 2022

 

545,267

$

1.60

 

8.58

$

375,959

Summary of non-vested stock options activity

The following table summarizes the Company’s non-vested stock options:

Weighted-Average 

Non-vested Options 

Grant Date Fair

    

Outstanding

    

 Value

At January 1, 2022

1,058,235

$

0.95

Options granted

 

 

Options forfeited/cancelled

 

(13,667)

 

2.58

Options exercised

 

 

Options vested

 

(130,515)

 

0.95

At March 31, 2022

 

914,053

$

0.92

Summary of restricted stock awards activity

The following table summarizes the restricted stock awards activity:

Weighted-Average 

Restricted Stock 

Grant Date Fair Value 

    

Awards

    

Per Share

Outstanding at January 1, 2022

 

708,615

$

1.42

Granted

 

 

Forfeited/cancelled

 

 

Vested

 

(110,617)

 

1.44

Outstanding at March 31, 2022

 

597,998

$

1.42