Annual report pursuant to Section 13 and 15(d)

Note 14 - Stock-based Compensation (Tables)

v3.23.1
Note 14 - Stock-based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Schedule of Share-Based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   

2022

   

2021

 

Risk-free interest rate

    1.88% - 4.26%       0.46% - .26%  

Dividend yield

      0%           0%    

Expected term (in years)

    3.25 6       2.5 5  

Expected volatility

    45.8% - 48.1%       46.0% - 92.0%  
Share-Based Payment Arrangement, Option, Activity [Table Text Block]
   

Shares

   

Weighted Average Exercise Price Per Share

   

Weighted Average Remaining Contract Term

   

Aggregate
Intrinsic
Value

 

Outstanding at December 31, 2020

    1,395,000     $ 0.31    

4 years, 5 months

    $ 1,591,223  

Granted

    1,982,500       4.48                  

Exercised

    (453,000 )     0.21                  

Expired

    (20,000 )     0.17                  

Outstanding at December 31, 2021

    2,904,500     $ 3.17    

4 years, 11 months

    $ 5,195,253  

Granted

    1,952,000       2.82                  

Exercised

    (264,000 )     0.28                  

Expired

    (5,000 )     0.35                  

Forfeited

    (35,000 )     1.30                  

Outstanding at December 31, 2022

    4,552,500       3.21    

6 years, 5 months

    $ 95,397  

Exercisable at December 31, 2022

    2,196,750     $ 3.31    

4 years, 4 months

    $ 95,397  
Schedule of Nonvested Share Activity [Table Text Block]
   

Shares

   

Weighted

Average

Exercise Price

Per Share

   

Weighted

Average

Grant Date

Fair Value

 

Nonvested at December 31, 2020

    235,000     $ 0.64     $ 0.36  

Granted

    1,982,500       4.48       1.55  

Vested

    (1,265,000 )     4.07       1.35  

Nonvested at December 31, 2021

    952,500     $ 4.08     $ 1.51  

Granted

    1,952,000       2.82       1.36  

Vested

    (513,750 )     3.90       1.47  

Forfeited

    (35,000 )     1.30       0.62  

Nonvested at December 31, 2022

    2,355,750     $ 3.11     $ 1.32