XML 41 R33.htm IDEA: XBRL DOCUMENT v3.22.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of assumptions used for estimated fair value of employee stock options granted

Expected volatility

    

90

%

Common stock value

$

5.6-$33.7

Risk free interest rate

 

0.06

%

Expected dividend yield

 

Expected term (years)

 

6.25

Schedule of outstanding unvested stock activities

    

Unvested

Common

Stock

Balances outstanding at December 31, 2020

 

450,424

New grants or issues

 

834,883

Common stock vested

 

(448,773)

Repurchased stock

 

(21,651)

Balances outstanding at December 31, 2021

 

814,883

Schedule of stock-based compensation expense recognized for both employees and non-employees

    

2021

    

2020

Sales and marketing

$

67,119

$

22,805

Research and development

 

369,434

 

General and administrative

 

63,315

 

5,339

Total stock-based compensation expense

$

499,868

$

28,144

Stock Option Activity [Member]  
Schedule of stock option activity

Options Outstanding

Weighted

Weighted

Average

Average

Remaining

Exercise

Contractual

Aggregate

Number of

Price Per

Term

Intrinsic

    

Options

Share

    

(in years)

    

Value

Balance as of December 31, 2019

 

85,000

$

0.63

 

8.48

$

623,100

Stock options granted

 

 

 

  

 

  

Stock options exercised

 

 

 

  

 

  

Stock options forfeited, canceled, or expired

 

 

 

  

 

  

Balance as of December 31, 2020

 

85,000

$

0.63

 

7.48

$

422,500

Stock options granted

 

168,500

 

6.01

 

  

 

  

Stock options exercised

 

(55,000)

 

0.10

 

  

$

302,500

Stock options forfeited, cancelled, or expired

 

 

 

  

 

  

Balance as of December 31, 2021

 

198,500

 

5.35

 

9.11

$

7,024,429

Options exercisable as of December 31, 2021

 

95,544

 

4.40

8.76

$

3,471,200

Options vested and expected to vest as of December 30, 2021

 

198,500

$

5.35

9.11

$

7,024,429

Restricted Stock Units (RSUs) [Member]  
Schedule of stock option activity

    

Weighted Average

  Grant Date Fair

  Value

Share

  per Share

Balance as of December 31, 2020

 

$

Restricted Stock units granted

 

910,867

 

14.33

Restricted Stock units forfeited

 

 

Restricted Stock units vested

 

 

Balance as of December 31, 2021

 

910,867

$

14.33