Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.2.2
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
Equity [Abstract]  
Schedule of restricted stock unit activity
       
Outstanding January 1, 2022   $ 350,000  
Granted     35,000  
Vested     (185,000 )
Canceled     (50,000 )
Outstanding September 30, 2022   $ 150,000  
Schedule of stock option activity
                     
    Common Stock Options  
    Shares     Weighted
Average
Exercise
Price
    Weighted
Average
Remaining
Life in years
  Intrinsic Value  
Outstanding at January 1, 2022     1,964,045     $ 3.33                
Granted     2,221,454     $ 3.44                
Forfeited     (722,561 )   $ 4.22                
Exercised     (55,107 )   $ 1.00                
Outstanding at September 30, 2022     3,407,831     $ 3.21           $    
Exercisable at September 30, 2022     586,417     $ 1.87       8.77   $ 321,717  
Schedule of stock-based compensation expense
                       
   

Three Months
Ended

September 30,

2022

   

Three Months
Ended

September 30,

2021

   

Nine Months
Ended

September 30,

2022

   

Nine Months
Ended

September 30,

2021

 
Cost of Goods Sold   $ 113,794     $ 188,860     $ 391,674     $ 269,266  
Sales and Marketing     106,478       160,622       568,333       237,028  
Product Development     82,560       354,439       661,754       379,160  
General and Administrative     122,238       145,804       1,003,088       13,370,865  
Total   $ 425,070     $ 849,725     $ 2,624,849     $ 14,256,318