Quarterly report pursuant to Section 13 or 15(d)

Shared Based Compensation (Tables)

v3.22.2.2
Shared Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Valuation Assumptions

The following table summarizes provides the assumptions used in the Black-Scholes model valuation of stock options for the six months ended June 30 2022:

 

 

 

June 30, 2022

 

Expected term (years)

 

4.5

 

Expected volatility

 

 

58.7

%

Expected dividend yield

 

 

0.0

%

Risk-free interest rate

 

 

1.91

%

Fair value of share

 

$

4.26

 
Schedule of Non-vested Restricted Stock Unit and Restricted Stock Activity

A summary of the status of the Company's restricted stock unit and restricted stock award activity and the changes during the six months ended June 30, 2022 are as follows:

 

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

Non-vested at December 31, 2021

 

 

1,468,392

 

 

$

10.00

 

 

$

-

 

Granted

 

 

871,430

 

 

 

8.73

 

 

 

-

 

Vested

 

 

(822,606

)

 

 

10.00

 

 

 

-

 

Forfeited

 

 

(4,035

)

 

 

8.72

 

 

 

-

 

Non-vested at June 30, 2022

 

 

1,513,181

 

 

$

8.09

 

 

$

-