SHARE BASED PAYMENTS (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| Share-based Payment Arrangement [Abstract] |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions |
The following table presents share-based payment expense for the years ended December 31, 2021, 2020, and 2019.
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December 31, |
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2021 |
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2020 |
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2019 |
| Restricted stock |
$ |
4,349 |
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$ |
5,164 |
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$ |
1,420 |
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| Stock options |
781 |
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2,251 |
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|
1,071 |
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| Warrants |
1,455 |
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441 |
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— |
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| Total |
$ |
6,585 |
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$ |
7,856 |
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$ |
2,491 |
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| Schedule of Nonvested Restricted Stock Units Activity |
Restricted stock activity for the years ended December 31, 2021 and 2020 is presented in the following table:
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Shares |
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Weighted Average Grant Date Fair Value |
| Nonvested, January 1, 2020 |
204 |
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$ |
3.82 |
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| Granted |
1,293 |
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4.90 |
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| Vested |
(800) |
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5.16 |
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| Forfeited |
(67) |
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4.15 |
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| Nonvested, December 31, 2020 |
630 |
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$ |
4.51 |
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| Granted |
265 |
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36.98 |
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| Vested |
(360) |
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8.47 |
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| Forfeited |
(51) |
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18.54 |
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| Nonvested, December 31, 2021 |
484 |
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$ |
20.19 |
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| Share-based Compensation Arrangements by Share-based Payment Award, Restricted Stock Units, Vested and Expected to Vest |
Awards issued under the 2014 and 2018 Plan as of December 31, 2021 are summarized below:
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2021 |
| Total shares available for issuance pursuant to the 2014 Plan |
2,500 |
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| Options outstanding, December 31 2021 |
(20) |
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| Total options exercised under 2014 Plan |
(2,089) |
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| Total shares issued pursuant to the 2014 Plan |
(375) |
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| Awards available for issuance under the 2014 Plan, December 31, 2021 |
16 |
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2021 |
| Total shares available for issuance pursuant to the 2018 Plan, as amended |
5,000 |
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| Options outstanding, December 31 2021 |
(886) |
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| Total options exercised under 2018 Plan |
(964) |
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| Total shares issued pursuant to the 2018 Plan |
(1,452) |
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| Awards available for issuance under the 2018 Plan, December 31, 2021 |
1,698 |
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| Schedule of options outstanding pursuant |
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2021 |
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2020 |
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2019 |
| Expected volatility |
N/A |
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77.75-80.7% |
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87.8-92.70% |
| Expected dividends |
N/A |
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None |
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None |
| Expected term |
N/A |
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2-5 years |
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2-5 years |
| Risk-free rate |
N/A |
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1.64-1.75% |
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1.64 |
% |
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| Options outstanding pursuant to 2014 Plan |
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20 |
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| Options outstanding pursuant to 2018 Plan |
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886 |
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| Options issued outside of 2014 and 2018 Plans |
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— |
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| Total options outstanding December 31, 2021 |
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906 |
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| Share-based Payment Arrangement, Option, Activity |
The table below summarizes all the options granted by the Company during years ended December 31, 2021 and 2020:
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| Options |
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Shares |
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Weighted-
Average Exercise
Price |
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Weighted- Average Remaining
Contractual Term |
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Weighted-
Average Grant Date Fair Value |
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| Outstanding at January 1, 2020 |
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1,925 |
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$ |
2.71 |
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3.60 years |
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$ |
1.71 |
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| Granted |
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892 |
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$ |
4.75 |
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$ |
2.67 |
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| Exercised |
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(984) |
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$ |
2.59 |
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$ |
1.35 |
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| Forfeited or expired |
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(30) |
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$ |
2.75 |
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$ |
1.63 |
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| Outstanding at December 31, 2020 |
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1,803 |
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$ |
3.92 |
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3.47 years |
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$ |
2.38 |
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| Vested and exercisable at December 31, 2020 |
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1,058 |
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$ |
3.55 |
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3.13 years |
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$ |
2.00 |
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| Outstanding at January 1, 2021 |
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1,803 |
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$ |
3.92 |
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3.47 years |
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$ |
2.38 |
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| Granted |
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0 |
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$ |
0.00 |
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$ |
0.00 |
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| Exercised |
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(822) |
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$ |
3.20 |
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$ |
1.71 |
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| Forfeited or expired |
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(75) |
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$ |
7.60 |
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$ |
4.53 |
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| Outstanding at December 31, 2021 |
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906 |
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$ |
4.38 |
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2.85 years |
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$ |
2.45 |
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| Vested and exercisable at December 31, 2021 |
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836 |
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$ |
4.36 |
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2.81 years |
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$ |
2.45 |
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