Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.2.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2022
SHARE-BASED COMPENSATION  
Schedule of fair value of options and share awards granted under the stock option plan

    

June 2022

May 2021

 

Risk-free interest rates

3.61

%  

0.912

%

Expected life

 

5 years

 

5 years

Expected volatility

 

41.00

%  

40.81

%

Expected dividend yield

 

0.00

%  

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

 

2,370,576

 

1.11

 

 

Forfeited/Cancelled

 

(26,196)

 

0.002

 

 

Exercised

 

 

 

 

Balance at June 30, 2022

 

3,817,368

 

1.43

 

9.38

$

360,845

Exercisable at June 30, 2022

 

1,206,163

$

1.36

 

9.13

$

217,722

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

 

2,370,576

 

0.46

Options forfeited/cancelled

 

(26,196)

 

1.97

Options exercised

 

 

Options vested

 

(886,608)

 

0.60

At June 30, 2022

 

2,516,007

$

0.61

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

 

(301,454)

 

1.44

Outstanding at June 30, 2022

 

407,161

$

1.21

Summary of restricted stock units activity

The following table summarizes the restricted stock units activity:

Weighted-Average

Restricted Stock

Grant Date Fair Value

    

Units

    

Per Share

Outstanding at January 1, 2022

 

$

Granted

 

1,427,404

 

1.11

Forfeited/cancelled

 

 

Vested

 

(360,617)

 

1.11

Outstanding at June 30, 2022

 

1,066,787

$

1.11