Stock-Based Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2021 |
|---|
| Stock-Based Compensation |
|
| Summary of changes in warrants outstanding |
|
|
|
|
|
Weighted Average |
|
|
|
Number of |
|
|
Exercise Price |
|
|
|
Warrants |
|
|
$ |
|
Outstanding at December 31, 2019 |
|
|
190,000 |
|
|
|
2.90 |
|
Granted |
|
|
50,000 |
|
|
|
3.45 |
|
Exercised |
|
|
(25,000 |
) |
|
|
2.47 |
|
Expired |
|
|
(40,000 |
) |
|
|
4.53 |
|
Outstanding at December 31, 2020 |
|
|
175,000 |
|
|
|
2.75 |
|
Granted |
|
|
310,000 |
|
|
|
4.52 |
|
Exercised |
|
|
- |
|
|
|
- |
|
Expired |
|
|
- |
|
|
|
- |
|
Outstanding at December 31, 2021 |
|
|
485,000 |
|
|
|
3.88 |
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2021 |
|
|
175,000 |
|
|
|
2.75 |
|
|
| Summarizing the warrants issued and outstanding |
|
|
|
|
|
|
|
|
|
Weighted Average |
|
|
Proceeds to |
|
|
|
|
|
|
|
Exercise |
|
|
Remaining |
|
|
Company if |
|
Number |
|
|
Number |
|
|
Price |
|
|
Contractual |
|
|
Exercised |
|
Outstanding |
|
|
Exercisable |
|
|
$ |
|
|
Life (Years) |
|
|
$ |
|
|
125,000 |
|
|
|
125,000 |
|
|
|
2.47 |
|
|
|
1.15 |
|
|
|
308,750 |
|
|
50,000 |
|
|
|
50,000 |
|
|
|
3.45 |
|
|
|
4.17 |
|
|
|
172,500 |
|
|
125,000 |
|
|
|
- |
|
|
|
3.95 |
|
|
|
5.01 |
|
|
|
493,750 |
|
|
185,000 |
|
|
|
- |
|
|
|
4.90 |
|
|
|
5.09 |
|
|
|
906,500 |
|
|
485,000 |
|
|
|
175,000 |
|
|
|
|
|
|
|
|
|
|
|
1,881,500 |
|
|
| Summarizes the changes in options outstanding |
|
|
|
|
|
Weighted Average |
|
|
|
Number of |
|
|
Exercise Price |
|
|
|
Options |
|
|
$ |
|
Outstanding at December 31, 2019 |
|
|
4,169,301 |
|
|
|
3.88 |
|
Granted |
|
|
845,000 |
|
|
|
3.60 |
|
Exercised |
|
|
(691,599 |
) |
|
|
2.81 |
|
Expired/Cancelled |
|
|
(44,083 |
) |
|
|
4.21 |
|
Outstanding at December 31, 2020 |
|
|
4,278,619 |
|
|
|
4.00 |
|
Granted |
|
|
1,090,000 |
|
|
|
3.41 |
|
Exercised |
|
|
(277,634 |
) |
|
|
4.19 |
|
Expired/Cancelled |
|
|
(63,467 |
) |
|
|
3.64 |
|
Outstanding at December 31, 2021 |
|
|
5,027,518 |
|
|
|
3.87 |
|
|
|
|
|
|
|
|
|
|
Exercisable at December 31, 2021 |
|
|
3,937,518 |
|
|
|
4.00 |
|
|
| Summary of Amendments to Expiration Dates of Options |
Amendment |
|
|
Equity Incentive |
|
|
Stock Options |
|
|
Grant |
|
|
New Expiration |
|
|
Option Expense |
|
Date |
|
|
Plan |
|
|
# |
|
|
Date |
|
|
Date |
|
|
$ |
|
July 14, 2021 |
(i) |
|
2011 |
|
|
|
292,000 |
|
|
July 23, 2015 |
|
|
July 23, 2025 |
|
|
|
442,273 |
|
July 14, 2021 |
|
|
2011 |
|
|
|
6,367 |
|
|
March 20, 2013 |
|
|
March 20, 2023 |
|
|
|
4,151 |
|
July 14, 2021 |
|
|
2011 |
|
|
|
8,151 |
|
|
September 2, 2013 |
|
|
September 2, 2023 |
|
|
|
6,009 |
|
September 21, 2021 |
|
|
2015 |
|
|
|
335,000 |
|
|
April 13, 2020 |
|
|
April 13, 2030 |
|
|
|
163,945 |
|
September 21, 2021 |
(ii) |
|
2015 |
|
|
|
89,163 |
|
|
January 23, 2018 |
|
|
January 23, 2028 |
|
|
|
24,194 |
|
September 21, 2021 |
(ii) |
|
2015 |
|
|
|
308,066 |
|
|
February 13, 2017 |
|
|
February 13, 2027 |
|
|
|
127,719 |
|
November 3, 2021 |
|
|
2015 |
|
|
|
760,000 |
|
|
April 15, 2016 |
|
|
April 15, 2026 |
|
|
|
984,511 |
|
November 3, 2021 |
|
|
2015 |
|
|
|
15,000 |
|
|
June 23, 2016 |
|
|
June 23, 2026 |
|
|
|
19,582 |
|
November 3, 2021 |
|
|
2015 |
|
|
|
50,000 |
|
|
January 1, 2017 |
|
|
January 1, 2027 |
|
|
|
32,456 |
|
November 3, 2021 |
|
|
2015 |
|
|
|
387,934 |
|
|
March 30, 2017 |
|
|
March 30, 2027 |
|
|
|
224,901 |
|
November 3, 2021 |
|
|
2015 |
|
|
|
615,837 |
|
|
January 23, 2018 |
|
|
January 23, 2028 |
|
|
|
213,646 |
|
December 8, 2021 |
|
|
2015 |
|
|
|
425,000 |
|
|
April 13, 2020 |
|
|
April 13, 2030 |
|
|
|
180,267 |
|
December 8, 2021 |
|
|
2015 |
|
|
|
10,000 |
|
|
December 1, 2020 |
|
|
December 1, 2030 |
|
|
|
5,209 |
|
December 8, 2021 |
|
|
2015 |
|
|
|
40,000 |
|
|
May 20, 2021 |
|
|
May 20, 2031 |
|
|
|
21,486 |
|
|
|
|
|
|
|
|
|
3,342,518 |
|
|
|
|
|
|
|
|
|
|
|
2,450,349 |
|
|
| Summarizing the options issued and outstanding |
|
|
|
|
|
|
|
|
|
Weighted Average |
|
|
Proceeds to |
|
|
|
|
|
|
|
Exercise |
|
|
Remaining |
|
|
Company if |
|
Number |
|
|
Number |
|
|
Price |
|
|
Contractual Life |
|
|
Exercised |
|
Outstanding |
|
|
Exercisable |
|
|
$ |
|
|
(Years) |
|
|
$ |
|
|
635,000 |
|
|
|
635,000 |
|
|
|
3.25 |
|
|
|
3.12 |
|
|
|
2,063,750 |
|
|
2,717 |
|
|
|
2,717 |
|
|
|
3.35 |
|
|
|
1.67 |
|
|
|
9,102 |
|
|
1,060,000 |
|
|
|
10,000 |
|
|
|
3.40 |
|
|
|
9.60 |
|
|
|
3,604,000 |
|
|
800,000 |
|
|
|
760,000 |
|
|
|
3.60 |
|
|
|
8.35 |
|
|
|
2,880,000 |
|
|
1,682,837 |
|
|
|
1,682,837 |
|
|
|
4.00 |
|
|
|
4.76 |
|
|
|
6,731,348 |
|
|
11,801 |
|
|
|
11,801 |
|
|
|
4.35 |
|
|
|
1.44 |
|
|
|
51,334 |
|
|
89,163 |
|
|
|
89,163 |
|
|
|
4.38 |
|
|
|
6.07 |
|
|
|
390,534 |
|
|
50,000 |
|
|
|
50,000 |
|
|
|
4.80 |
|
|
|
5.01 |
|
|
|
240,000 |
|
|
696,000 |
|
|
|
696,000 |
|
|
|
5.00 |
|
|
|
5.24 |
|
|
|
3,480,000 |
|
|
5,027,518 |
|
|
|
3,937,518 |
|
|
|
|
|
|
|
|
|
|
|
19,450,068 |
|
|
| Summarizing the RSUs issued and outstanding |
|
|
|
|
|
Weighted Average |
|
|
|
Number of |
|
|
Exercise Price |
|
|
|
RSUs |
|
|
$ |
|
Outstanding at December 31, 2019 |
|
|
- |
|
|
|
- |
|
Granted |
|
|
67,500 |
|
|
|
3.47 |
|
Outstanding at December 31, 2020 |
|
|
67,500 |
|
|
|
3.47 |
|
Granted |
|
|
789,500 |
|
|
|
3.33 |
|
Vested |
|
|
(31,250 |
) |
|
|
3.55 |
|
Cancelled |
|
|
(15,000 |
) |
|
|
3.30 |
|
Outstanding at December 31, 2021 |
|
|
810,750 |
|
|
|
3.33 |
|
|
| Summarizing the RSUs issued and outstanding maturity life |
|
|
|
|
|
|
Weighted Average |
|
|
|
|
|
|
|
Remaining |
|
Number |
|
|
Share Price |
|
|
Contractual Life |
|
Outstanding |
|
|
$ |
|
|
(Years) |
|
|
39,809 |
|
|
|
3.04 |
|
|
|
1.26 |
|
|
610,191 |
|
|
|
3.31 |
|
|
|
1.10 |
|
|
38,000 |
|
|
|
3.32 |
|
|
|
1.18 |
|
|
23,000 |
|
|
|
3.38 |
|
|
|
1.46 |
|
|
43,500 |
|
|
|
3.51 |
|
|
|
1.34 |
|
|
26,250 |
|
|
|
3.52 |
|
|
|
0.28 |
|
|
30,000 |
|
|
|
3.59 |
|
|
|
0.73 |
|
|
810,750 |
|
|
|
|
|
|
|
1.13 |
|
|