SHARE BASED PAYMENTS (Tables)
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12 Months Ended |
Dec. 31, 2022 |
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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, 2022, 2021, and 2020.
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December 31, |
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2022 |
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2021 |
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2020 |
| Restricted stock |
$ |
3,889 |
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$ |
4,349 |
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$ |
5,164 |
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| Stock options |
59 |
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|
781 |
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2,251 |
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| Warrants |
1,019 |
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1,455 |
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441 |
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| Total |
$ |
4,967 |
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$ |
6,585 |
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$ |
7,856 |
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| Schedule of Nonvested Restricted Stock Units Activity |
Restricted stock activity for the years ended December 31, 2022 and 2021 is presented in the following table:
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Shares |
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Weighted Average Grant Date Fair Value |
| Nonvested, January 1, 2021 |
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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| Granted |
1,044 |
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8.85 |
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| Vested |
(399) |
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9.26 |
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| Forfeited |
(514) |
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18.73 |
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| Nonvested, December 31, 2022 |
615 |
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$ |
9.41 |
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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, 2022 are summarized below:
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2022 |
| Total shares available for issuance pursuant to the 2014 Plan |
2,500 |
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| Options outstanding, December 31, 2022 |
— |
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| Total options exercised under 2014 Plan |
(2,109) |
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| Total shares issued pursuant to the 2014 Plan |
(382) |
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| Awards available for issuance under the 2014 Plan, December 31, 2022 |
9 |
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2022 |
| Total shares available for issuance pursuant to the 2018 Plan, as amended |
5,000 |
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| Options outstanding, December 31, 2022 |
(604) |
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| Total options exercised under 2018 Plan |
(999) |
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| Total shares issued pursuant to the 2018 Plan |
(1,765) |
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| Awards available for issuance under the 2018 Plan, December 31, 2022 |
1,632 |
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| Schedule of options outstanding pursuant |
The following table provides the assumptions used for stock option awards.
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2022 |
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2021 |
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2020 |
| Expected volatility |
N/A |
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N/A |
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77.8-80.70% |
| Expected dividends |
N/A |
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N/A |
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N/A |
| Expected term |
N/A |
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N/A |
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2-5 years |
| Risk-free rate |
N/A |
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N/A |
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1.64% - 1.75% |
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| Options outstanding pursuant to 2014 Plan |
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— |
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| Options outstanding pursuant to 2018 Plan |
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604 |
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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, 2022 |
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604 |
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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, 2022 and 2021:
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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, 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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— |
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$ |
— |
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$ |
— |
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| Exercised |
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(822) |
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$ |
3.2 |
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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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| Outstanding at January 1, 2022 |
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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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| Granted |
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— |
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$ |
— |
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$ |
— |
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| Exercised |
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(55) |
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$ |
4.14 |
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$ |
2.22 |
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| Forfeited or expired |
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(247) |
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$ |
5.36 |
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$ |
2.97 |
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| Outstanding at December 31, 2022 |
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604 |
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$ |
3.97 |
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1.87 years |
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$ |
2.24 |
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| Vested and exercisable at December 31, 2022 |
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604 |
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$ |
3.97 |
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1.87 years |
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$ |
2.24 |
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