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Stockholders’ Equity (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of Stock Options Activity

The following table summarizes stock option activity during the nine months ended September 30, 2022, (in thousands, except per share data).

Schedule of Stock Options Activity 

   Number
of Shares
   Weighted
Average
Exercise Price
  

Weighted
Average

Remaining

Contractual Life

(in years)

  

Total

Intrinsic Value (1)

 
Outstanding as of January 1, 2022   5,110   $3.27    3.4   $20,820 
Granted   935    9.60    6.6    - 
Cashless exercised   (1,233)   1.91    -    - 
Forfeited   (20)   2.02    -    - 
Outstanding as of September 30, 2022   4,792   $4.55    3.7   $32,899 
Options vested and exercisable   3,280   $3.18    2.6   $26,819 
Summary of Weighted Average Assumptions Used in Determining Fair Value of Warrants

The following table summarizes weighted average assumptions used in determining the fair value of the options at the date of grant during the nine months ended September 30, 2022 and 2021:

Summary of Weighted Average Assumptions Used in Determining Fair Value of Warrants 

   For the nine months ended 
   September 30, 
   2022   2021 
Exercise price  $9.73   $7.48 
Expected term (years)   4.5    3.9 
Expected stock price volatility   79%   80%
Risk-free rate of interest   2.3%   0.7%
Expected dividend yield (per share)   0%   0%
Schedule of Warrant Activity

The following table summarizes warrant activity during the nine months ended September 30, 2022 (in thousands, except per share data):

 Schedule of Warrant Activity

   Number of Shares   Weighted Average Exercise Price   Weighted Average Remaining Contractual Life
(in years)
 
Outstanding as of January 1, 2022   855   $8.23    1.9 
Warrants granted   -    -    - 
Outstanding as of September 30, 2022   855   $8.23    1.1 
Warrants vested and exercisable   855   $8.23    1.1