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Long-Term Incentive Plans (Tables)
9 Months Ended
Sep. 30, 2022
Share-based Payment Arrangement [Abstract]  
Schedule of assumptions used to calculate compensation expense

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September 30, 

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December 31, 

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2022

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2021

Expected volatility

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4.16% - 4.26%

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4.4% - 66.3%

Weighted-average volatility

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35.4%

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38.9%

Expected term (in years)

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2 - 7

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2 - 7

Risk-free rate

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1.79% - 3.49%

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.8% - 1.5%

Schedule of vested and non-vested stock options activities

The tables below show the outstanding options, restricted stock, and restricted stock units under the 2019 and 2020 Plans as of September 30, 2022, and December 31, 2021, respectively:

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September 30, 2022

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Stock Options
Outstanding

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Weighted Average Grant-Date Fair Value

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Weighted Average Exercise Price

Nonvested stock options and restricted

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stock unit awards at December 31, 2021

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317,217

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$

25.80

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$

40.13

Options granted

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88,367

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8.18

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15.65

Restricted stock units granted

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18,718

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—

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​

—

Adjustment to prior year options granted

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65,414

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​

—

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​

—

Vested

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(19,950)

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​

19.42

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37.44

Forfeited

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(185,828)

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​

29.18

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41.05

Ending Balance at September 30, 2022

 

283,938

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$

17.22

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$

34.14

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December 31, 2021

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Stock Options
Outstanding

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Weighted Average Grant-Date Fair Value

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Weighted Average Exercise Price

Nonvested stock options and restricted

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​

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stock unit awards at December 31, 2021

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100,972

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$

22.91

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$

34.70

Options granted

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333,880

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19.25

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​

42.84

Restricted stock units granted

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5,089

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—

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​

—

Vested

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(85,957)

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​

17.32

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30.20

Forfeited

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(36,767)

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23.91

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40.42

Ending Balance at December 31, 2021

 

317,217

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$

25.80

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$

40.13

(1)Restricted stock and restricted stock units do not have an exercise price.
Schedule of outstanding vested and non-vested stock options and restricted stock unit

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Weighted Average
Exercise Price
Per Share

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Weighted Average
Remaining
Contractual Life
(Years)

Outstanding, Non vested options

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267,894

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$

34.11

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8.8

Outstanding, Vested options

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25,826

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34.41

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6.9

Outstanding, Non vested restricted

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16,044

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Outstanding, Vested restricted

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1,163

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Outstanding at September 30, 2022

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310,927

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$

34.14

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8.6

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Weighted Average
Exercise Price
Per Share

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Weighted Average
Remaining
Contractual Life
(Years)

Outstanding, Non vested options

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379,488

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$

38.51

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9.8

Outstanding, Vested options

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85,957

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43.91

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10.0

Outstanding, Non vested restricted

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23,686

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44.05

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8.5

Outstanding, Vested restricted

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-

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​

-

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-

Outstanding at December 31, 2021

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489,131

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$

38.62

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9.2