Stock-Based Compensation and Other Benefit Plans (Tables)

12 Months Ended

Dec. 31, 2021

Share-based Payment Arrangement [Abstract]

Schedule of stock options

Stock option activity for the years ended December 31, 2021 and 2020, are as follows

	Shares	Weighted-Average Exercise Price		Weighted-Average Fair Value
Outstanding as of January 1, 2020	3,000,000	$	—	$	—
Granted	1,327,795	1.12		0.62
Exercised	(111,298)	0.92		0.51
Forfeited	(556,497)	0.92		0.51
Outstanding as of January 1, 2021	3,660,000
Granted	1,448,959	1.07		0.88
Exercised	—	—		—
Forfeited	(777,084)	1.02		0.52
Expired	(50,000)	0.52		0.52
Outstanding as of
December 31, 2021	4,281,875
Vested or expected to vest at
December 31, 2021	3,775,148

Schedule of valuation assumptions

The following table sets forth significant assumptions used in the Monte Carlo model for market-based options to determine the fair value of the options at the date of grant:

	Year Ended December 31, 2021		Year Ended December 31, 2020
	Market-Based Options		Market-Based Options
Risk-free interest rate	1.61	%	0.12	%
Expected volatility of common stock	90.00	%	103.50	%
Expected life of options in years	10		2
Dividend yield	—	%	—	%

Schedule of restricted stock activity

Restricted stock share activity for the years ended December 31, 2021 and 2020, are as follows:

Restricted Stock Shares	Shares	Weighted- Average Fair Value at Date of Grant
Non-vested at January 1, 2020	1,629,020	$	2.66
Granted	3,114,978	0.83
Vested	(711,988)	2.94
Forfeited	(1,236,910)	1.65
Non-vested at January 1, 2021	2,795,100	1.00
Granted	1,702,289	1.73
Vested	(1,453,854)	1.24
Forfeited	(1,275,172)	1.36
Non-vested at December 31, 2021	1,768,363	$	1.61

Schedule of restricted stock unit activity

Restricted stock units activity for the years ended December 31, 2021 and 2020, are as follows:

Restricted Stock Units	Units	Weighted- Average Fair Value at Date of Grant
RSUs at January 1, 2020	1,038,474	$	3.24
2020 granted	922,786	1.19
2020 forfeited	(733,711)	3.79
RSUs at January 1, 2021	1,227,549	1.25
2021 granted	—	—
2021 forfeited	(184,173)	2.61
RSUs at December 31, 2021	1,043,376	$	1.07