v3.23.1
STOCK COMPENSATION PLAN (Tables)
12 Months Ended
Dec. 31, 2022
Summary of Stock Options Summary information related to stock options outstanding as of December 31, 2022 and 2021 is as follows:
 
    
Outstanding
Stock Options
 
Outstanding at January 1, 2021
     959,413  
Granted
     —    
Exercised
     —    
Forfeited / Terminated
     (108,501 ) 
    
 
 
 
Outstanding at December 31, 2021
     850,912  
    
 
 
 
Granted
     1,746,470  
Exercised
     (199,148 ) 
Forfeited / Terminated
     (923,413 ) 
    
 
 
 
Outstanding at December 31, 2022
     1,474,821  
    
 
 
 
Summary of the Fair Market Value for Awards Granted
The following table summarizes the assumptions used in the calculation of the fair market value for awards granted during the year ended December 31, 2022:
Valuations assumptions
 
Expected dividend yield
     —   % 
Expected volatility
     55 % 
Expected term (years)
     6  
Risk-free interest rate
     1.9 %