Quarterly report pursuant to Section 13 or 15(d)

Stock-Based Compensation (Details) - Schedule of option award on the date of grant using the Black-Scholes option

v3.21.1
Stock-Based Compensation (Details) - Schedule of option award on the date of grant using the Black-Scholes option
3 Months Ended
Mar. 31, 2021
Share-based Payment Arrangement [Abstract]  
Expected annual dividend yield 0.00% [1]
Expected volatility 41.50% [2]
Risk-free rate of return 1.05% [3]
Expected option term (years) 6 years [4]
[1]

We have not paid and do not currently anticipate paying a cash dividend on our common stock.

[2]

We estimated the expected volatility using the mean stock price for selected peer public companies over a historic timeframe similar to the expected term.

[3]

We estimated the risk-free rate of return using the U.S. Treasury yield curve in effect as of the valuation date.

[4]

We estimated the expected term using the “simplified” method described in SEC Staff Accounting Bulletin 14.