Quarterly report pursuant to Section 13 or 15(d)

Equity Incentive Plan (Details)

v3.23.2
Equity Incentive Plan (Details) - USD ($)
 3 Months Ended 6 Months Ended
Mar. 31, 2021
Jun. 30, 2023
Jun. 30, 2023
Jun. 30, 2022
Equity Incentive Plan (Details) [Line Items]        
Vesting period     4 years  
Common stock remained available for grant (in Shares)   616,743 616,743  
Stock based compensation cost   $ 5,000 $ 5,000  
Expected dividend yield      
Fair value of stock option (in Dollars per share)     $ 1.13 $ 1.26
Intrinsic value of options exercised     $ 300,000  
Intrinsic value options outstanding   27,900,000 27,900,000  
Intrinsic value options exercisable   $ 18,200,000 18,200,000  
Stock-based compensation     $ 3,800,000  
Weighted average requisite service period     2 years 4 months 24 days  
Stock options, description the Company granted 727,922 stock options to the Company’s 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 out of 30 trading days after the Company became listed on Nasdaq. 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 became listed on the New York Stock Exchange or Nasdaq. Since the listing on Nasdaq, these options expire on March 22, 2031, instead of 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 became listed on the New York Stock Exchange or Nasdaq. Since the listing on Nasdaq, these options expire on March 22, 2031, instead of 2026.      
Options expiration     March 3, 2031  
Expected volatility     50.00%  
Closing price (in Dollars per share)   $ 3 $ 3  
Risk-free rate     0.77%  
Estimated fair value of options     $ 400,000  
Unrecognized compensation costs     $ 100,000  
Weighted average period     1 year  
2020 Equity Incentive Plan [Member]        
Equity Incentive Plan (Details) [Line Items]        
Options contractual life     10 years  
Number of shares equal percentage     5.00%  
Options [Member]        
Equity Incentive Plan (Details) [Line Items]        
Stock-based compensation     $ 0.1  
Options expiration     March 22, 2031  
Expected volatility     50.00%  
Closing price (in Dollars per share)   $ 3 $ 3  
Risk-free rate     0.87%  
RSU [Member]        
Equity Incentive Plan (Details) [Line Items]        
Aggregate intrinsic value     $ 1,300,000