Stock Award Plans and Stock Based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

Stock Option Activity

See below for a summary of the stock options granted under the 2011 and 2018 plans:

	2011 Plan	2018 Plan	Non Plan	Total
Beginning balance as of January 1, 2022	73	18,882,229	1	18,882,303
Granted	—	9,945,000	—	9,945,000
Exercised	—	—	—	—
Expired	(3)	(101,267)	—	(101,270)
Forfeited	—	(269,712)	—	(269,712)
Ending balance as of March 31, 2022	70	28,456,250	1	28,456,321

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

Key weighted-average assumptions used to apply this pricing model during three months ended March 31, 2022 were as follows:

	For the Three Months Ended March 31, 2022
Risk-free interest rate	1.50%
Expected life of option grants	5 years
Expected volatility of underlying stock	37.24%
Dividends assumption	--

Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity

The following table summarizes restricted stock based award activity granted:

	Restricted Stock Grants
Beginning balance as of January 1, 2022	4,182,692
Granted	—
Exercised	—
Expired	—
Forfeited	(960,106)
Ending balance as of March 31, 2022	3,222,586