Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation?? (Tables)

v3.22.2.2
Stock-Based Compensation  (Tables)
 9 Months Ended
Sep. 30, 2022
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 using the following assumptions:
Nine Months Ended
September 30,
2021
Expected volatility
56.6% to 56.9%
Expected dividends None
Expected term (years) 7
Risk-free rate
0.97% to 1.15%
Forfeiture rate 5%
Share-based Payment Arrangement, Option, Activity The information below summarizes the stock options activity for the nine months ended September 30, 2022:
Number of
Shares		 Weighted
Average
Exercise
Price		 Weighted
Average
Remaining
Contractual Life
(Years)
Outstanding at December 31, 2021 595,089  $ 9.72  5.9
Granted —  — 
Exercised (41,865) 8.65 
Forfeited (11,538) 24.40 
Expired (2,148) 23.34 
Outstanding at September 30, 2022 539,538  $ 9.43  5.0
Exercisable at September 30, 2022 447,457  $ 6.45  4.5
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, 2022:
Restricted Stock Awards Shares Weighted Average
Grant-Date Fair
Value per Award
Non-vested at December 31, 2021 27,720  $ 28.51 
Granted 68,125  29.47 
Vested (15,055) 30.64 
Forfeited (5,586) 28.92 
Non-vested at September 30, 2022 75,204  $ 28.92