Common Stock (Tables)

12 Months Ended

Dec. 31, 2022

Schedule of Assumptions for Fair Value of Options at the Date of the Grant

Issuance date fair value of the Warrant was determined to be $14.3 million based on using the Black-Scholes model with the following assumptions:


Expected term	5.0 years
Risk free interest rate	0.85		%
Expected volatility	53.78		%
Expected dividend yield	None
Fair value (per warrant)	$	28.65

The fair value of options at the date of the grant was estimated using the Black-Scholes model with the following assumptions for the respective period ending December 31:


	2021		2020
Expected option life	3.1 years		4.4 years
Weighted average risk-free interest rate	0.4	%	0.4	%
Weighted average expected volatility	56.5	%	47.6	%
Expected dividend yield	None		None