Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

v3.21.1
Equity Incentive Plan (Tables)
 12 Months Ended
Dec. 31, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of share-based compensation expense
    Year ended December 31,  
    2020     2019  
General and administrative   $ 444,495     $ 256,508  
Sales and marketing     126,632       69,856  
Research and development     65,518       55,921  
Cost of revenues     31,427       14,814  
    $ 668,072     $ 397,099  

 
Schedule of fair value of option grants weighted average assumptions
    December 31,  
    2020     2019  
Expected term (in years)     5.72       6.4  
Expected Volatility     42.9 %     40.5 %
Risk-free rate     0.5 %     2.0 %
Dividend rate    
—
      
—
  

 
Schedule of stock option activity
   

Number of

Shares under

Option Plan

     Weighted-Average Exercise Price per Option    

Weighted-

Average

Remaining

Contractual

Life (in years)

  
Outstanding at December 31, 2019     2,749,298     $ 0.87       9.0  
Granted     2,064,603       0.64       9.3  
Exercised     (100,059 )     0.81          
Forfeited and expired     (501,985 )     0.83          
Outstanding at December 31, 2020     4,211,857     $ 0.76       8.6  
Exercisable at December 31, 2020     2,374,630     $ 0.78       8.5  
Vested and expected to vest at December 31, 2020     4,211,857     $ 0.76       8.6