XML 44 R34.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of black - scholes option-pricing model valuation assumption The calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:

 

 

 

Three months ended
March 31,

 

 

2022

 

2021

Expected volatility

 

69.2% - 81.1%

 

69.18%-81.11%

Expected term

 

4.5 - 5.0 Years

 

4.49-5.00 Years

Risk-free interest rate

 

0.3% - 1.4%

 

0.32% - 1.39%

Forfeiture Rate

 

0.0%

 

0.0%
Schedule of outstanding stock options

A summary of the status of the Company’s outstanding stock options as of March 31, 2022 and changes during the periods ending on that date is as follows:

 

 

 

 

 

 

Weighted Average

 

 

 

 

 

Weighted

 

 

 

Shares

 

 

Exercise

 

 

Grant Date Fair

 

 

Aggregate
Intrinsic

 

 

Average
Remaining

 

 

 

(000’s)

 

 

Price

 

 

Value

 

 

Value (000’s)

 

 

Term (Yrs)

 

Options

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

At December 31, 2021

 

 

3,600

 

 

$

7.47

 

 

 

 

 

$

241,515

 

 

 

6.37

 

Granted

 

 

—

 

 

$

—

 

 

$

—

 

 

 

 

 

 

 

Exercised

 

 

(209

)

 

$

4.02

 

 

$

48.44

 

 

$

80,500

 

 

 

 

Forfeiture and cancelled

 

 

(1

)

 

$

4.66

 

 

 

 

 

 

 

 

 

 

At March 31, 2022

 

 

3,390

 

 

$

7.68

 

 

 

 

 

 

161,015

 

 

 

6.26

 

Exercisable at March 31, 2022

 

 

2,560

 

 

$

5.59

 

 

 

 

 

$

126,964

 

 

 

5.78

 
Schedule of employee stock options outstanding

The following table summarizes information about employee stock options outstanding at March 31, 2022:

 

 

 

Outstanding Options

 

 

Vested Options

 

 

 

Number

 

 

 

 

 

 

 

 

Number

 

 

 

 

 

 

 

 

 

Outstanding

 

 

Weighted

 

 

Weighted

 

 

Exercisable

 

 

Weighted

 

 

Weighted

 

Range of

 

at

 

 

Averaged

 

 

Averaged

 

 

at

 

 

Averaged

 

 

Averaged

 

Exercise

 

March 31,

 

 

Remaining

 

 

Exercise

 

 

March 31,

 

 

Exercise

 

 

Remaining

 

Price

 

2022 (000’s)

 

 

Life

 

 

Price

 

 

2022 (000’s)

 

 

Price

 

 

Life

 

$0.20 - $0.53

 

 

20

 

 

 

1.84

 

 

$

0.34

 

 

 

20

 

 

$

0.34

 

 

 

1.84

 

$0.65 - $1.80

 

 

100

 

 

 

2.91

 

 

$

1.05

 

 

 

100

 

 

$

1.05

 

 

 

2.91

 

$1.83 - $2.84

 

 

107

 

 

 

3.78

 

 

$

1.97

 

 

 

107

 

 

$

1.97

 

 

 

3.78

 

$3.20 - $6.20

 

 

2,783

 

 

 

6.18

 

 

$

4.16

 

 

 

2,208

 

 

$

4.21

 

 

 

5.87

 

$7.20-$60.00

 

 

380

 

 

 

8.68

 

 

$

37.15

 

 

 

125

 

 

$

37.33

 

 

 

8.69

 

Outstanding options

 

 

3,390

 

 

 

6.26

 

 

$

7.68

 

 

 

2,560

 

 

$

5.59

 

 

 

5.78

 
Schedule of restricted stock activity A summary of the Company’s restricted stock activity for the three months ended March 31, 2022 and 2021 is presented in the following table:

 

 

 

For the three months ended

 

 

 

March 31,
2022

 

 

March 31,
2021

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

 

 

 

 

Grant Date

 

 

 

Shares (000's)

 

 

Fair Value

 

 

Shares (000's)

 

 

Fair Value

 

Unvested at beginning of period

 

 

0.2

 

 

$

14.72

 

 

 

66

 

 

$

28.11

 

Transfers to restricted stock units

 

 

—

 

 

 

—

 

 

 

(46

)

 

 

34.02

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Vested

 

 

—

 

 

 

—

 

 

 

—

 

 

 

22.30

 

Forfeiture and cancelled

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested at end of period

 

 

0.2

 

 

$

14.72

 

 

 

20

 

 

$

14.72

 
A summary of the Company’s restricted stock unit activity for the three months ended March 31, 2022 and 2021 is presented in the following table:

 

 

 

For the three months ended

 

 

 

March 31,
2022

March 31,
2021

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

 

 

 

 

Grant Date

 

 

 

Shares (000's)

 

 

Fair Value

 

 

Shares (000's)

 

 

Fair Value

 

Unvested at beginning of period

 

 

566

 

 

$

52.66

 

 

 

—

 

 

$

—

 

Transfers from restricted stock awards

 

 

—

 

 

 

—

 

 

 

46

 

 

 

34.02

 

Granted

 

 

189

 

 

 

74.57

 

 

 

468

 

 

 

50.56

 

Vested

 

 

(111

)

 

 

51.10

 

 

 

—

 

 

 

—

 

Forfeited and cancelled

 

 

(18

)

 

 

54.88

 

 

 

(10

)

 

 

50.31

 

Unvested at end of period

 

 

626

 

 

$

59.50

 

 

$

504

 

 

$

49.06

 
Schedule of Stock-based Awards Issued to Non-employee Consultants A summary of the Company’s PSU activity for the three months ended March 31, 2022 and 2021 is presented in the following table:

 

 

 

For the three months ended

 

 

 

March 31,
2022

March 31,
2021

 

 

 

 

 

 

Weighted

 

 

 

 

 

Weighted

 

 

 

 

 

 

Average

 

 

 

 

 

Average

 

 

 

 

 

 

Grant Date

 

 

 

 

 

Grant Date

 

 

 

Shares (000's)

 

 

Fair Value

 

 

Shares (000's)

 

 

Fair Value

 

Unvested at beginning of period

 

 

15

 

 

$

64.65

 

 

 

—

 

 

$

—

 

Granted

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Vested

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Forfeited and cancelled

 

 

—

 

 

 

—

 

 

 

—

 

 

 

—

 

Unvested at end of period

 

 

15

 

 

$

64.65

 

 

$

—

 

 

$

—