Accounting for Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of RSA activity

	Unvested Restricted Stock Units
	Number of Shares		Weighted-Average Grant-Date Fair Value
Unvested as of December 31, 2020	–	$	–
Granted	27,540		12.71
Vested	–		–
Forfeited/canceled	–		–
Unvested as of September 30, 2021	27,540	$	12.71

Schedule of stock option activities

	September 30, 2021
	Number of Options		Weighted-Average Exercise Price
Outstanding at beginning of year	1,035,000	$	2.87
Granted	545,000		14.00
Exercised	(256,727)		0.97
Forfeited	(505,333)		9.29
Cancelled	–		–
Expired	(90,000)		2.12
Outstanding at September 30, 2021	727,940	$	7.49
Options exercisable at September 30, 2021	349,610		1.64

Valuation assumptions for stock-based compensation

	For Three Months Ended September 30, 2021		For Three Months Ended September 30, 2020		For Nine Months Ended September 30, 2021		For Nine Months Ended September 30, 2020
Weighted average grant date fair value	$	–	$	4.98	$	8.99	$	2.86
Weighted average assumptions used:
Expected dividend yield		–		0.0%		0.0%		0.0%
Risk-free interest rate		–		0.23%		0.80%		0.42%
Expected volatility		–		70.85%		81.81%		76.85%
Expected life (in years)		–		5.0		5.0		6.1