Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.22.1
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Options, Valuation Assumptions

 

    December 31, 2021     December 31, 2020  
     
Risk-free interest rate     0.79 %     0.75 %
Expected life     6.0 years       6.5 years  
Expected volatility     134.73 %     123.71 %
Dividend yield     -       -  

Schedule of Share-Based Compensation Arrangements by Share-Based Payment Award

Stock-based compensation for the years ended December 31, 2021 and 2020 is as follows:

 

    2021     2020  
RSUs and restricted stock   $ 433     $ 176  
Performance-based awards     107       265  
Common stock awards     -       116  
Options     715       1,630  
Total stock-based compensation expense   $ 1,255     $ 2,187  
Schedule of Stock Option Activity

A summary of stock option activity for the year ended December 31, 2021, and changes during such year, is presented below:

 

                Weighted-Average  
          Weighted-     Remaining        
          Average     Contractual     Aggregate  
          Grant     Period     Intrinsic  
    Shares     Price     (in years)     Value  
Outstanding at January 1, 2021     848,819     $ 8.76       8.59     $ -  
Granted     347,500       6.00       9.21       -  
Exercised     (13,042 )     9.45                  
Forfeited or expired     (550,766 )     9.15               -  
Outstanding at December 31, 2021     632,511       6.89       8.40       -  
                                 
Exercisable at December 31, 2021     206,732       9.14       7.53                -  
                                 
Vested and expected to vest     537,520       7.15       8.36       -  
Schedule of Non Vested Option Activity

A summary of the status of the Company’s non-vested options for the year ended December 31, 2021, and changes during such year, is presented below:

    Shares     Weighted-
Average
Grant Date
Fair Value		  
             
Nonvested at January 1, 2021     487,318     $ 5.81  
Granted     347,500       4.64  
Vested     (127,696 )     6.54  
Forfeited     (284,646 )     5.72  
Nonvested at December 31, 2021     422,476     $ 4.78  
Schedule of Share-Based Compensation, Restricted Stock and Restricted Stock Units Activity

A summary of the Company’s non-vested shares of restricted stock and restricted stock units for the year ended December 31, 2021, and changes during such year, is presented below:

                Average        
          Weighted-     Remaining        
          Average     Vesting     Aggregate  
          Grant Date     Period     Intrinsic  
    Shares     Fair Value     (in years)     Value  
Nonvested at January 1, 2021     239,457     $ 10.00       1.75     $ 1,348,781  
Granted     207,438       5.46       -       -  
Vested     (65,577 )     4.65       -       -  
Forfeited     (52,379 )     5.23       -       -  
Nonvested at December 31, 2021     328,939     $ 3.67       1.34     $ 2,467,043