Stock-based Compensation (Tables)

3 Months Ended

Mar. 31, 2022

Share-based Payment Arrangement [Abstract]

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

The inputs used in the measurement of the fair values at the date of grant are summarized below:

	Virtual Stock Options		Zero-Priced Options
	Long Call	Short Call	Long Call	Short Call
	Option	Option (Cap)	Option	Option (Cap)
Stock price	$2.70	$2.70	$2.70	$2.70
Strike price	$2.93	$29.30	$—	$50.00
Term	4.65	4.65	4.65	4.65
Volatility	65.0%	65.0%	65.0%	65.0%
Dividend	—%	—%	—%	—%
Risk-free rate	2.4%	2.4%	2.4%	2.4%

Share-based Payment Arrangement, Option, Activity

The following table summarizes the activity for the Company's options under the LTIP during the three months ended March 31, 2022:

	Number of Options	Weighted Average Exercise Price	Weighted Average Remaining Contractual Term	Aggregate Intrinsic Value
			(in years)
Outstanding as of December 31, 2021	1,802,228	$4.71	5.62	$0.01
Granted	530,000	2.93
Forfeited	(48,061)	5.24
Outstanding as of March 31, 2022	2,284,167	4.29	5.76	0.01
Vested and exercisable at March 31, 2022	684,513	$4.81	4.95	$0.01

	Number of Options	Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021	1,190,967	$2.53
Granted	530,000	1.20
Vested	(73,252)	3.03
Forfeited	(48,061)	2.56
Unvested as of March 31, 2022	1,599,654	$2.06

The following table summarizes the activity for the Company's zero priced options under the LTIP during the three months ended March 31, 2022:

	Number of Options
Outstanding as of December 31, 2021	584,068
Granted	220,000
Forfeited	(12,935)
Outstanding as of March 31, 2022	791,133
Vested and exercisable at March 31, 2022	104,233

	Number of Options	Weighted Average Grant Date Fair Value
Unvested as of December 31, 2021	514,370	$5.29
Granted	220,000	2.59
Vested	(34,535)	6.21
Forfeited	(12,935)	5.35
Unvested as of March 31, 2022	686,900	$4.38