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, 2021

Summary of company's stock options activity and related information

A summary of the Company’s stock option activity and related information is as follows:


		2021							2020
							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		391,650		$	5.70		8.1		169,980		$	8.13		9.1
Granted		131,821		$	11.42				226,691		$	4.84
Exercised		(27,934)		$	3.27				—
Forfeited / Expired		(2,651)		$	8.04				(5,021)		$	49.39
Outstanding at December 31		492,886		$	7.35		7.6		391,650		$	5.70		8.1
Exercisable at December 31		378,470		$	6.17		7.1		364,567		$	5.91		8.0

Schedule of additional information about stock options outstanding

The following table sets forth additional information about stock options outstanding at December 31, 2021:


				Weighted
				Average		Weighted
				Remaining		Average
		Options		Life		Exercise			Options
Range of Exercise Prices		Outstanding		(in years)		Price			Exercisable
$1.99 – $2.85		184,557		6.5		$	2.51		170,641
$4.25 – $8.04		161,770		8.6		$	7.09		161,270
$10.41 – $17.25		142,206		8.0		$	12.67		42,206
$31.50 – $79.40		4,353		4.6		$	48.50		4,353
		492,886							378,470

Employee Stock Option [Member]

Schedule of assumptions used in the black-scholes model

The assumptions used in the Black-Scholes model are as follows:


		For the year ended December 31,
		2021		2020
Average risk-free interest rate		0.97	%	0.83	%
Expected dividend yield		—	%	—	%
Expected life		5.31 to 6.00 years		5.00 to 6.25 years
Expected volatility		90	%	90	%