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

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

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

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