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Shared Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of Stock Option Valuation Assumptions

The stock option valuation assumptions for the three months ended March 31, 2022 are provided in the table below.

 

 

 

March 31, 2022

 

Expected term (years)

 

4.5

 

Expected volatility

 

 

58.7

%

Expected dividend yield

 

 

0.0

%

Risk-free interest rate

 

 

1.91

%

Fair value of share

 

$

4.26

 

Schedule of Non-vested Restricted Stock Unit Activity

A summary of the status of the Company's restricted stock unit activity and the changes during the three months ended March 31, 2022 are as follows:

 

 

 

Shares

 

 

Weighted Average Grant Date Fair Value

 

 

Aggregate Intrinsic Value

 

Non-vested at December 31, 2021

 

 

6,472,617

 

 

$

8.21

 

 

$

-

 

Granted

 

 

727,601

 

 

 

9.01

 

 

 

-

 

Vested

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

Non-vested at March 31, 2022

 

 

7,200,218

 

 

$

9.01

 

 

$

-