Stock Plans and Share-Based Payments (Tables)

3 Months Ended

Mar. 31, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Fair Value Assumptions

The fair value of each option grant is estimated on the date of grant using the Black-Scholes option pricing model. The below assumptions for the risk-free interest rates, expected dividend yield, expected lives and expected stock price volatility were utilized for the stock options granted during the three months ended March 31, 2022.

Assumptions for Option Grants
Stock Price Volatility	65.67	%
Risk-Free Interest Rate	1.75	%
Expected Life (in years)	6.24
Expected Dividend Yield	-	%