Quarterly report pursuant to Section 13 or 15(d)

Equity Compensation Plan (Tables)

v3.21.2
Equity Compensation Plan (Tables)
6 Months Ended
Jun. 30, 2021
Equity [Abstract]  
Schedule of stock option activity
                       
    Shares   Weighted-Average Exercise
Price per share
  Weighted-Average Remaining
Contractual Life (years)
             
Balance, January 1, 2021     3,257,410     $ 1.50       9.1  
Options granted     388,246       3.69       7.8  
Options exercised     (45,625 )     1.50        
Options converted                    
Options forfeited or expired                  
Balance, June 30, 2021     3,600,031     $ 1.74       8.5  
Vested shares at June 30, 2021     570,031       1.50       8.5  
Schedule of Valuation Assumptions
               
Risk-free interest rate     1.1 %     1.75 %
Expected term     7.5 years       10 years  
Expected volatility     81 %     78 %
Expected dividends     0       0.00 %
Grant date fair value of common stock   $ 2.45 /share   $ 1.50 /share