Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.4
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
SHARE-BASED COMPENSATION  
Schedule of unvested Class A membership interest converted

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​

​

​

​

​

Class A

​

​

Membership Interests

​

    

Converted to common stock at one-for-two ratio

​

​

​

Unvested at December 31, 2020

 

200,463

Vested

 

(200,463)

Unvested at December 31, 2021

 

—

​

Schedule of fair value of options assumptions

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​

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Year Ended

 

​

    

December 31, 2022

 

Expected term

 

​

9

years

Volatility

 

​

90

%

Dividend yield

 

​

—

%

Risk-free interest rate

 

​

2.01

%

Weighted average grant date fair value

​

$

3.54

​

​

Schedule of stock option activity

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​

​

​

​

​

​

​

​

Year Ended

    

Weighted Average

​

    

December 31, 2022

    

Exercise Price

Outstanding at the beginning of the period

 

2,357,500

 

$

6.21

Granted

 

110,000

​

$

4.26

Exercised

 

—

​

​

—

Forfeited

​

—

​

​

—

Outstanding at the end of the period

​

2,467,500

​

$

6.12

Exercisable

​

1,552,333

​

$

6.15

​