Ideal Power Inc. Annual report pursuant to Section 13 and 15(d)

Annual report pursuant to Section 13 and 15(d)

Equity Incentive Plan (Tables)

Equity Incentive Plan (Tables)

12 Months Ended

Dec. 31, 2022

Summary of company's stock options activity and related information


		2022							2021
							Weighted							Weighted
				Weighted			Average				Weighted			Average
				Average			Remaining				Average			Remaining
		Stock		Exercise			Life		Stock		Exercise			Life
		Options		Price			(in years)		Options		Price			(in years)
Outstanding at January 1		492,886		$	7.35		7.6		391,650		$	5.70		8.1
Granted		61,062		$	11.09				131,821		$	11.42
Exercised		(3,750)		$	5.36				(27,934)		$	3.27
Forfeited / Expired		(36,250)		$	10.45				(2,651)		$	8.04
Outstanding at December 31		513,948		$	7.59		6.6		492,886		$	7.35		7.6
Exercisable at December 31		443,284		$	6.78		6.2		378,470		$	6.17		7.1

Schedule of additional information about stock options outstanding

The following table sets forth additional information about stock options outstanding at December 31, 2022:


				Weighted
				Average		Weighted
				Remaining		Average
		Options		Life		Exercise			Options
Range of Exercise Prices		Outstanding		(in years)		Price			Exercisable
$1.99 – $2.85		181,557		5.3		$	2.52		181,557
$4.25 – $9.31		176,736		7.5		$	7.33		176,736
$10.41 – $17.25		151,302		7.2		$	12.82		80,638
$31.50 – $79.40		4,353		3.6		$	48.50		4,353
		513,948							443,284

Schedule of restricted stock unit (RSU) and performance stock unit (PSU) activity


		2022					2021
		RSUs			PSUs		RSUs		PSUs
Outstanding at January 1		100,000			—		—			—
Granted		117,000			114,000		100,000			—
Vested		(33,334)			—		—			—
Outstanding at December 31		183,666			114,000		100,000		$	—

Employee Stock Option

Schedule of assumptions used in the black-scholes model


		For the year ended December 31,
		2022		2021
Average risk-free interest rate		2.67	%	0.97	%
Expected dividend yield		—	%	—	%
Expected life		5.25 to 6.00 years		5.31 to 6.00 years
Expected volatility		90	%	90	%