Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2023

Share-Based Payment Arrangement [Abstract]

Schedule of fair value of the sole stock option grants

The following assumptions were used to compute the fair value of the stock option grants during the period ended June 30, 2023 and 2022:

	Period Ended June 30,
	2023		2022
Risk-free interest rate	4.14	%	0.71	%
Expected term (in years)	6.25		4
Volatility	56	%	60	%
Dividend yield	0	%	0	%

Schedule of company’s stock option activity

The following table summarizes the Company’s stock option activity under the Plan for the period ended June 30, 2023:

	Options Shares	Weighted Average Exercise Price		Weighted Average Remaining Contractual Life in Years	Aggregate Intrinsic Value
Balance as of, December 31, 2022	11,571,308	$	7.11	9.05	$	39,389,063
Granted/ Vested during the year	312,730	8.61		—	—
Exercised during the year	(356,511)	2.74		—	—
Cancelled during the year	(275,135)	7.82		—	—
Balance as of June 30, 2023	11,252,392	7.28		8.62	46,592,930
Options vested and exercisable at June 30, 2023	3,005,069	$	6.36	7.89	9,093,754

Share-Based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

Activity under RSUs was as follows:

	RSUs	Weighted- Average Grant Date Fair Value Per RSU
Balance as of, December 31, 2022	305,587	$	8.35
Granted	101,358	7.64
Vested during the year	(136,258)	8.02
Forfeited	—	—
Balance as of, June 30, 2023	270,687	8.25
Vested and unissued at June 30, 2023	192,500	8.25
Non-vested at June 30, 2023	270,687	8.25