Annual report pursuant to Section 13 and 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.22.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2021
STOCK-BASED COMPENSATION.  
Schedule of Common Stock Options The following table summarizes information related to the Company’s common stock options:

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Weighted

    

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Average

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Weighted

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Remaining

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Number

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Average

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Contractual

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Aggregate

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of Stock

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Exercise

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Term

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Intrinsic

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​

Options

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Price

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(in years)

​

Value

Options outstanding at January 1, 2021

 

3,183,708

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$

1.71

 

  

 

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Granted

 

315,620

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7.25

 

  

 

​

  

Exercised

 

(201,039)

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1.97

 

  

 

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Canceled/Forfeited

 

(76,333)

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3.33

 

  

 

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Expired

 

—

​

 

—

 

  

 

​

  

Options outstanding at December 31, 2021

 

3,221,956

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$

2.19

 

5.12

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$

31,947,381

Options exercisable at December 31, 2021

 

2,601,337

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$

1.67

 

4.27

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$

27,170,404

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions Option valuation weighted-average assumptions were as follows:

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Year Ended December 31, 

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2021

​

2020

​

2019

Expected volatility

 

65.99

%  

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60.78

%

​

46.17

%

Expected dividend yield

 

—

%  

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—

%

​

—

%

Expected term (in years)

 

6.00

 

​

5.94

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​

5.94

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Weighted average risk-free rate

 

0.97

%  

​

0.41

%

​

1.87

%

Schedule of compensation expense Compensation expense is as follows for the three years ended December 31, 2021:

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(In thousands)

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Year Ended December 31, 

Compensation Expense

​

2021

​

2020

​

2019

Stock options

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$

649

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$

405

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$

348

Restricted stocks and Performance-based shares

​

 

317

​

 

—

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—

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$

966

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$

405

​

$

348

Schedule of weighted-average grant date fair value of options granted

Therefore, the weighted-average grant date fair value of options granted is as follows for the three years ended December 31, 2021:

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Year Ended December 31, 

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2021

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2020

​

2019

Weighted average grant date fair value

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$

5.68

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$

0.95

​

$

0.94