Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Tables)

v3.23.2
Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of assumptions used to determine the fair value of the stock options
The assumptions used to estimate the fair value of stock options granted during the periods presented were as follows:
Six Months Ended June 30, 2023
Strike price
$2.64 - $3.40
Expected term (in years) 6.25
Expected volatility
110.67% - 122.89%
Risk-free interest rate
3.79% - 4.02%
Dividend yield —  %
Summary of stock option plan and the activity
The following table summarizes the Company’s stock option activity during the period presented:
  Shares
Underlying
Options		 Weighted
Average Exercise
Price		 Weighted
Average
Remaining
Contractual
Term (in years)		 Aggregate Intrinsic Value
Outstanding as of January 1, 2023 497,402  $ 5.16  5.67
Granted —  — 
Forfeited (2,287) 3.78 
Exercised (32) 3.92 
Outstanding at March 31, 2023 495,083  5.16  4.37
Granted 375,168  2.74 
Forfeited (12,294) 2.88 
Exercised —  — 
Outstanding at June 30, 2022 857,957  $ 4.14  6.55 $ 374 
Exercisable at June 30, 2023
 488,148  $ 5.18  4.10 $ 1 
Summary of restricted stock unit activity
The following table summarizes the Company’s restricted stock unit activity during the period presented:
Restricted Stock Units
Weighted Average Grant Fair Value per Share
Aggregate Intrinsic Value
Outstanding as of January 1, 2023 870,126  $ 12.08 
Granted 10,901  4.56 
Forfeited (79,218) 7.52 
Settled (20,475) 25.44 
Outstanding at March 31, 2023 781,334  12.40 
Granted 30,573  3.30 
Forfeited (35,825) 8.89 
Settled (118,945) 12.75 
Outstanding at June 30, 2023
 657,137  $ 12.00  $ 2,471