Equity Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Millions |
6 Months Ended | ||
|---|---|---|---|
Jan. 02, 2021 |
Jun. 30, 2021 |
Jun. 30, 2020 |
|
| Equity Incentive Plan (Details) [Line Items] | |||
| Shares remained available for grant | 2,300,000 | ||
| Weighted average grant date fair value of stock option awards granted (in Dollars per share) | $ 1.50 | $ 0.11 | |
| Options exercised | 126,876 | ||
| intrinsic value options exercised (in Dollars) | $ 0.5 | ||
| Intrinsic value options outstanding (in Dollars) | 27.1 | ||
| Intrinsic value options exercisable (in Dollars) | $ 14.5 | ||
| Weighted average requisite service period | 2 years 7 months 6 days | ||
| Stock based compensation for stock options, description | the Company granted 727,922 stock options to the Chief Executive Officer (“CEO”) under the 2020 Plan with an exercise price of $3.00 per share. The options vest based on the CEO’s continued service in addition to the following terms: ● 317,688 options vest in full when the closing price of the Company’s common stock reaches or exceeds $9.00 per share for a minimum of 20 consecutive trading days. These options expire on March 3, 2031. ● 46,273 options vest in full when the closing price of the Company’s common stock reaches or exceeds $9.00 per share for 20 out of 30 trading days after the Company becomes listed on the New York Stock Exchange or Nasdaq. These options expire on March 22, 2026. ●363,961 options vest in full when the closing price of the Company’s common stock reaches or exceeds $13.50 per share for 20 out of 30 trading days after the Company becomes listed on the New York Stock Exchange or Nasdaq. These options expire on March 22, 2026. | ||
| Share based compensation fair value, description | The Company’s assumptions for expected volatility, closing price and risk-free rate were 50.0%, $3.00 and 0.77%, respectively. The aggregate estimated fair value of the options was $0.4 million. The Company recognized $10,000 and $16,000 in share-based expense for the three and six months ended June 30, 2021, respectively. As of June 30, 2021, there was $0.2 million of unrecognized compensation costs which the Company plans to recognize over a weighted average period of 2.5 years. Also, as of June 30, 2021 there is an additional $0.2 million of unrecognized compensation cost which the Company will begin to recognize when it becomes probable the Company will be listed on either the New York Stock Exchange or Nasdaq. | ||
| 2020 Equity incentive Plan [Member] | |||
| Equity Incentive Plan (Details) [Line Items] | |||
| Options contractual life | 10 years | ||
| Vesting period | Vesting generally occurs over a period of not greater than four years. | ||
| Number of shares equal percentage | 5.00% | ||
| Shares remained available for grant | 441,411 | ||
| Common stock issuance | 643,761 | ||