Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.21.2
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2021
SHARE-BASED COMPENSATION  
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, 2021

 

468,070

$

0.14

 

9.25

$

1,315,512

Granted

 

1,016,722

 

2.41

 

  

 

  

Forfeited/Cancelled

 

(64,042)

 

0.002

 

  

 

  

Exercised

 

(22,524)

 

0.002

 

  

 

  

Balance at September 30, 2021

 

1,398,226

 

1.80

 

9.22

$

1,095,303

Exercisable at September 30, 2021

 

332,391

$

1.27

 

8.92

$

436,739

    

Weighted Average 

Aggregate 

Number of 

Weighted Average 

Remaining 

Intrinsic 

    

Options

    

Exercise Price

    

Contractual Term

    

Value

Balance at January 1, 2020

 

$

 

 

Granted

 

468,070

 

0.14

 

  

 

  

Forfeited/Cancelled

 

 

 

  

 

  

Exercised

 

 

 

  

 

  

Balance at September 30, 2020

 

468,070

 

0.14

 

9.50

$

932,288

Exercisable at September 30, 2020

 

33,294

$

0.002

 

9.50

$

70,886

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, 2021

427,035

$

1.21

Options granted

 

1,016,722

 

0.99

Options forfeited/cancelled

 

(64,042)

 

1.88

Options exercised

 

(22,524)

 

1.41

Options vested

 

(291,356)

 

0.97

At September 30, 2021

 

1,065,835

$

0.93

Weighted-Average 

Non-vested Options 

Grant Date Fair

    

Outstanding

    

Value

At January 1, 2020

 

$

Options granted

 

468,070

 

1.22

Options forfeited/cancelled

 

 

Options exercised

 

 

Options vested

 

(33,294)

 

1.41

At September 30, 2020

 

434,776

$

1.21

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, 2021

 

1,618,565

$

1.47

Granted

 

 

Forfeited/cancelled

 

(107,271)

 

1.80

Vested

 

(692,072)

 

1.43

Outstanding at September 30, 2021

 

819,222

$

1.42

Outstanding at January 1, 2020

 

2,130,689

$

1.41

Granted

 

134,397

 

2.13

Forfeited/cancelled

 

 

Vested

 

(516,398)

 

1.41

Outstanding at September 30, 2020

 

1,748,688

$

1.41