Quarterly report pursuant to Section 13 or 15(d)

Stockholders??? Equity (Tables)

v3.22.2.2
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