Equity Compensation Plan (Tables)

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

Equity [Abstract]

Stock option activity

	Shares			Weighted-Average Exercise Price per share		Weighted-Average Remaining Contractual Life (years)
Balance, January 1, 2021		3,257,410		$	1.50		9.0
Options granted		388,246			3.69		9.4
Options exercised		(45,625	)		1.50		—
Options converted		—			—		—
Options forfeited or expired		(1,911,160	)		1.50		—
Balance, September 30, 2021		1,688,871		$	2.00		7.5
Vested shares at September 30, 2021		983,667			1.50		8.1

	Shares			Weighted- Average Exercise Price per share		Weighted-Average Remaining Contractual Life (years)
Balance, January 1, 2019		—			—		—
Options granted		590,000		$	1.50		7.8
Balance, January 1, 2020		590,000			1.50		7.8
Options granted (1)		2,937,410			1.50		9.5
Options exercised		(270,000	)		1.50		—
Options converted		—			—		—
Options forfeited or expired		—			—		—
Balance, December 31, 2020 (1)		3,257,410		$	1.50		9.1
Vested shares at December 31, 2020		196,208			1.50		8.9

Assumptions

Risk-free interest rate		1.1	%		1.75	%
Expected term		7.5 years			10 years
Expected volatility		81	%		78	%
Expected dividends		0			0.00	%
Grant date fair value of common stock	$	2.45	/share	$	1.50	/share

	2020	2019
Risk-free interest rate	0.62 -1.75%	1.60% to 1.72%
Expected term	10 years	3.5 -5.75 years
Expected volatility	78%	77 – 79%
Expected dividends	0.00%	0.00%
Grant date fair value of common stock	$1.50/share	$1.50/share