Share-Based Compensation (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Share-Based Compensation [Abstract] |
|
| Schedule of key terms and conditions related to the grants |
| | |
Number of | | |
| |
Contractual |
| | |
options | | |
| |
life of |
| Plan | |
outstanding | | |
Vesting conditions | |
options |
| Equity Incentive Plan Board | |
| 22,268 | | |
1 year service from grant date | |
6 years |
| Equity Incentive Plan Management & Staff | |
| 67,682 | | |
2 years’ service from grant date (50%) | |
8 years |
| Equity Incentive Plan Management & Staff | |
| 67,682 | | |
3 years’ service from grant date (50%) | |
8 years |
|
| Schedule of fair value of the options measured |
| |
|
|
Stock Option Plan |
|
|
|
| |
Equity Incentive |
|
Equity Incentive |
|
Equity Incentive |
|
Equity Incentive |
|
| |
Plan 2022 |
|
Plan 2022 |
|
Plan 2021 |
|
Plan 2021 |
|
| Fair value at grant date |
USD 4.347 (2 year vesting) 1) USD 5.011 (3 year vesting) 1) |
|
USD 6.644 (1 year vesting) 2) USD 8.760 (2 year vesting) 2) USD 10.604 (3 year vesting) 2) |
|
USD 18.64 (2 year vesting) 1) USD 22.14 (3 year vesting) 1) |
|
USD 24.82 (1 year vesting) 2) USD 37.00 (2 year vesting) 2) USD 43.66 (3 year vesting) 2) |
| |
|
|
|
|
|
|
|
| Share price at grant date |
USD 7.48 |
|
USD 17.8 |
|
USD 32.80 |
|
USD 70.80 |
| Exercise price |
USD 6.353 |
|
USD 20.78 |
|
USD 37.78 |
|
USD 70.220 |
| Expected volatility |
100.2% |
99.1% |
93.4% |
101.3% |
|
| Expected life |
2 and 3 years |
|
1, 2 and 3 years |
|
2 and 3 years |
|
1, 2 and 3 years |
| Expected dividends |
— |
|
— |
|
— |
|
— |
| Risk-free interest rate |
4.45% |
2.87% |
0.47% |
0.06% |
|
|
| Schedule of number and weighted average exercise prices |
| | |
2022 | | |
2021 | |
| | |
| | |
Weighted | | |
Weighted | | |
| | |
Weighted | | |
Weighted | |
| | |
Number of | | |
average
exercise | | |
average
remaining | | |
Number of | | |
average
exercise | | |
average
remaining | |
| | |
options | | |
price | | |
term | | |
options | | |
price | | |
term | |
| Outstanding at January 1 | |
| 66,476 | | |
| 33.00 | | |
| 6.56 | | |
| 51,927 | | |
| 31.60 | | |
| 7.01 | |
| Expired during the year | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
| Forfeited during the year | |
| (6,488 | ) | |
| — | | |
| — | | |
| (2,565 | ) | |
| — | | |
| — | |
| Exercised during the year | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
| Granted during the year | |
| 97,742 | | |
| 9.40 | | |
| — | | |
| 17,113 | | |
| 45.40 | | |
| — | |
| Outstanding at December 31 | |
| 157,730 | | |
| 19.28 | | |
| 6.22 | | |
| 66,476 | | |
| 33.00 | | |
| 6.56 | |
| Exercisable at December 31 | |
| 28,796 | | |
| — | | |
| — | | |
| 14,419 | | |
| — | | |
| — | |
|