STOCK OPTIONS |
3 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2023 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCK OPTIONS |
Effective July 8, 2016, the Company’s board of directors approved the Polar Power 2016 Omnibus Incentive Plan (the “2016 Plan”), authorizing the issuance of up to shares of common stock as incentives to employees and consultants to the Company with awards limited to a maximum of shares to any one participant in any calendar year.
At December 31, 2022, the Company had total outstanding options of , which were carried forward to March 31, 2023. These options are fully vested, exercise prices ranging from $ to $, and with option shares set to expire in December 2027 and the remaining option shares set to expire in April 2028.
The outstanding options had intrinsic value at March 31, 2023.
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