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Share-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]  
Schedule of stock options activity

Weighted

Weighted

Average

Average

Remaining

Aggregate

Number of

Exercise

Contract

Intrinsic

    

Stock Options

    

Price

    

Term (Yrs.)

    

Value

Outstanding at December 31, 2021

 

1,377,339

$

16.13

 

3.37

$

2,579,201

Granted

 

277,500

8.82

 

 

Forfeited

 

(68,793)

18.76

 

 

Exercised

 

(40,000)

7.54

 

 

Expired

 

 

 

 

Outstanding at September 30, 2022

 

1,546,046

$

14.89

3.24

$

14,950

Vested and exercisable at December 31, 2021

 

648,119

$

11.64

 

2.77

$

2,407,521

Vested and exercisable at September 30, 2022

 

883,760

$

13.42

 

2.63

$

4,792

Schedule of weighted average assumptions to estimate the fair value of stock options

Nine Months Ended September 30, 

 

Weighted Average Assumptions:

    

2022

    

2021

 

Expected dividend yield

 

%  

%

Expected equity volatility

 

68.9

%  

60.7

%

Expected term (years)

 

5

 

5

Risk-free interest rate

 

2.66

%  

1.40

%

Exercise price per stock option

$

8.82

$

14.28

Market price per share

$

8.82

$

14.13

Weighted average fair value per stock option

$

4.89

$

7.48