Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation (Tables)

v3.21.2
Stock-based Compensation (Tables)
 9 Months Ended
Sep. 30, 2021
Share-based Payment Arrangement [Abstract]  
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions The Company has computed the fair value of all options granted using the Black-Scholes-Merton model during the nine months ended September 30, 2021 and 2020, using the following assumptions:
Nine Months Ended
September 30,
2021 2020
Expected volatility
56.6% to 56.9%
53% to 58%
Expected dividends None None
Expected term (years) 7 7
Risk-free rate
0.97% to 1.15%
0.42% to 1.65%
Schedule of Share-based Payment Arrangement, Option, Activity The information below summarizes the stock options activity for the nine months ended September 30, 2021:
Number of
Shares		 Weighted
Average
Exercise
Price		 Weighted
Average
Remaining
Contractual Life
(Years)
Outstanding at December 31, 2020 835,601  $ 6.65  6.6
Granted 47,109  46.12 
Exercised (254,368) 5.82 
Cancelled (12,716) 24.09 
Outstanding at September 30, 2021 615,626  $ 9.66  6.2
Exercisable at September 30, 2021 398,276  $ 5.04  5.2
Schedule of Share-based Payment Arrangement, Restricted Stock and Restricted Stock Unit, Activity The information below summarizes the restricted stock activity for the nine months ended September 30, 2021:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2020 45,595  $ 13.13 
Granted 9,313  57.03 
Vested (26,143) 13.61 
Cancelled —  — 
Non-vested at September 30, 2021 28,765  $ 26.92