Equity Incentive Plan (Details) - USD ($) $ / shares in Units, $ in Millions |
9 Months Ended | ||
|---|---|---|---|
Jan. 01, 2021 |
Sep. 30, 2021 |
Sep. 30, 2020 |
|
| Equity Incentive Plan (Details) [Line Items] | |||
| Shares remained available for grant | 2,600,000 | ||
| Weighted average grant date fair value of stock option awards granted (in Dollars per share) | $ 1.61 | $ 0.1 | |
| Options exercised | 180,405 | ||
| Intrinsic value options exercised (in Dollars) | $ 0.6 | ||
| Intrinsic value options outstanding (in Dollars) | 23.3 | ||
| Intrinsic value options exercisable (in Dollars) | $ 14.1 | ||
| 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 $22,000 and $38,000 in share-based expenses for the three and nine months ended September 30, 2021, respectively. As of September 30, 2021, there was $0.1 million of unrecognized compensation costs which the Company plans to recognize over a weighted average period of 2.3 years. Also, as of September 30, 2021, there is an additional $0.2 million of unrecognized compensation cost which the Company will begin to recognize over a weighted average period of 4.4 years beginning on the date the Company is listed on the Nasdaq (Note 13). | ||
| weighted average beginning period | 4 years 4 months 24 days | ||
| 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 | 454,838 | ||
| Common stock issuance | 643,761 | ||