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Share-Based Compensation (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Compensation (Tables) [Line Items]  
Schedule of restricted stock unit (“RSU”)
       Weighted- 
       Average 
   Number of   Grant Date
Value
 
   RSU’s   Per Share 
RSU’s non-vested - January 1, 2022   133,331   $2.67 
Vested   (33,334)   1.03 
RSU’s non-vested - June 30, 2022   99,998   $2.05 

 

Schedule of assumptions used to estimate fair value of options granted
   For the Six Months Ended 
   June 30, 
   2022   2021 
Expected dividend yield   N/A    0.00%
Expected volatility   N/A    46.50 - 53.02%
Risk-free interest rate   N/A    0.48 - 0.89%
Expected life of options   N/A    3.00 - 5.00 years 

 

Schedule of stock option activity
       Weighted   Weighted     
       Average   Average    
      Exercise    Contractual   Aggregate 
   Number of
Options
   Price
Per Share
   Life in
Years
   Intrinsic
Value
 
Outstanding - December 31, 2021   7,040,511   $2.33         
         
 
Exercised   (209,741)   0.15         
 
 
Cancelled or Expired   (496,667)   2.27         
 
 
Outstanding - June 30, 2022   6,334,103   $2.41    2.89    
-
 
                     
Exercisable - June 30, 2022   2,801,270   $1.96    1.79    
-
 

 

Schedule of presents information related to stock options
Options Outstanding   Options Exercisable 
        Weighted     
Exercise   Outstanding   Average   Exercisable 
Price   Number of   Remaining Life   Number of 
Per Share   Options   In Years   Options 
 $ 0.01 - $ 0.50    
-
    
-
    
-
 
 $ 0.51 - $ 1.00    568,763    3.02    568,763 
 $ 1.01 - $ 1.50    
-
    
-
    
-
 
 $ 1.51 - $ 2.00    1,356,671    0.30    1,356,671 
 $ 2.01 - $ 2.50    
-
    
-
    
-
 
 $ 2.51 - $ 3.00    4,116,992    3.60    782,501 
 $ 3.01 - $ 3.50    291,677    0.96    93,335 
      6,334,103    1.79    2,801,270 

 

Schedule of assumptions used to estimate the fair value of warrants granted
   For the Six Months Ended 
   June 30, 
   2022   2021 
Expected dividend yield   N/A    0%
Expected volatility   N/A    39.94 - 46.33%
Risk-free interest rate   N/A    0.42- 0.81%
Contractual life of warrants   N/A    5.0 years 

 

Schedule of warrant activity
       Weighted-     
      Average   Weighted- 
   Number of
Warrants
   Exercise
Price
Per Share
   Average
Contractual
Life in Years
 
             
Outstanding - December 31, 2021   12,831,593   $3.72     
Forfeited or Expired   (16,670)   1.50      
Outstanding - June 30, 2022   12,814,923   $3.72    3.63 
Exercisable - June 30, 2022   12,814,923   $3.72    3.63 

 

Schedule of presents information related to warrants
Warrants Outstanding   Warrants Exercisable 
        Weighted     
Exercise   Outstanding   Average   Exercisable 
Price   Number of   Remaining Life   Number of 
Per Share   Warrants   In Years   Warrants 
 $ 0.01 - $ 1.00    560,192    3.02    560,192 
 $ 1.01 - $ 2.00    
-
    
-
    
-
 
 $ 2.01 - $ 3.00    4,556,001    3.81    4,556,001 
 $ 3.01 - $ 4.00    33,342    2.79    33,342 
 $ 4.01 - $ 5.00    7,285,290    3.58    7,285,290 
 $ 5.01 - $ 6.00    380,098    3.60    380,098 
      12,814,923    3.63    12,814,923