10-Q STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Schedule of Performance Shares

The performance vesting based on the Company share price were valued using a path-dependent model with the following inputs:

	January 4, 2021			June 8, 2021			July 12, 2021			August 30, 2021
Total shares granted	1,055,000			60,000			25,000			30,000
Performance condition valuation inputs:
Performance condition shares	527,500			30,000			12,500			15,000
Stock price at grant date	$	1.10		$	3.51		$	3.17		$	3.04
Market condition valuation inputs:
Market condition shares	527,500			30,000			12,500			15,000
Beginning stock price	$	1.10		$	3.51		$	3.17		$	3.04
Volatility	77		%	93		%	93		%	95		%
Risk-free rate	0.36		%	0.79		%	0.71		%	0.65		%
Number of iterations	100,000			100,000			100,000			100,000
Fair value per share	$	0.41		$	2.71		$	2.38		$	2.26
Term (in years)	3.2			1.7			1.8			1.8

The performance vesting based on the Company share price were valued using a path-dependent model with the following inputs:

	January 4, 2021			June 8, 2021			July 12, 2021			August 30, 2021			March 28, 2022
Total shares granted	1,055,000			60,000			25,000			30,000			40,000
Performance condition valuation inputs:
Performance condition shares	527,500			30,000			12,500			15,000			20,000
Stock price at grant date	$	1.10		$	3.51		$	3.17		$	3.04		$	1.68
Market condition valuation inputs:
Market condition shares	527,500			30,000			12,500			15,000			20,000
Beginning stock price	$	1.10		$	3.51		$	3.17		$	3.04		$	1.68
Volatility	77		%	93		%	93		%	95		%	95		%
Risk-free rate	0.36		%	0.79		%	0.71		%	0.65		%	2.51		%
Number of iterations	100,000			100,000			100,000			100,000			100,000
Fair value per share	$	0.41		$	2.71		$	2.38		$	2.26		$	0.91
Term (in years)	3.2			1.7			1.8			1.8			2.2