Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED PAYMENTS (Tables)

v3.21.2
SHARE-BASED PAYMENTS (Tables)
6 Months Ended
Jun. 30, 2021
SHARE-BASED PAYMENTS  
Schedule of fair value measurement inputs and valuation techniques

    

Six Months Ended

 

June 30, 

 

2020

 

Risk Free Interest Rate

 

1.54 - 1.59

%

Expected Dividend Yield

 

0.00

%

Expected Volatility

 

58.0

%

Expected Life (years)

 

10.00

Summary of information related to common stock and preferred stock warrants

    

Common

    

Weighted

Stock

Average

Warrants

Exercise Price

Outstanding - December 31, 2020

 

914,539

$

2.66

Granted

 

3,012,048

 

4.58

Converison of preferred stock warrants upon IPO

51,642

7.66

Exercised

 

(31,881)

 

4.57

Forfeited

 

 

Outstanding - June 30, 2021

 

3,946,348

$

4.17

Exercisable at June 30, 2021

 

3,825,866

$

4.14

    

Preferred

    

Weighted

Stock

Average

Warrants

Exercise Price

Outstanding - December 31, 2020

 

806,903

$

0.49

Converted to common stock warrants upon IPO

(806,903)

0.49

Exercised

 

 

Forfeited

 

 

Outstanding - June 30, 2021

 

$

Exercisable at June 30, 2021

 

$

Summary of information related to stock options under stock plan

    

    

Weighted

Average

Options

Exercise Price

Outstanding - December 31, 2020

 

1,163,103

$

2.34

Granted

 

2,712,000

 

4.15

Exercised

 

 

Forfeited

 

 

Outstanding - June 30, 2021

 

3,875,103

$

3.62

Exercisable at June 30, 2021

 

2,996,861

$

3.60

Weighted average duration (years) to expiration of outstanding options at June 30, 2021

 

8.53