Annual report pursuant to Section 13 and 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.4
SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
STOCK-BASED COMPENSATION  
Schedule of 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)

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Value

Options outstanding at January 1, 2022

 

3,221,956

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$

2.19

 

  

 

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Granted

 

434,598

​

 

7.71

 

  

 

​

  

Exercised

 

(103,319)

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1.81

 

  

 

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Canceled/Forfeited

 

(50,000)

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8.72

 

  

 

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Expired

 

—

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—

 

  

 

​

  

Options outstanding at December 31, 2022

 

3,503,235

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$

2.80

 

4.79

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$

17,117,870

Options exercisable at December 31, 2022

 

2,816,558

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$

1.87

 

3.82

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$

16,015,085

Schedule of compensation expense

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(In thousands)

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Year Ended

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December 31, 

Compensation Expense

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2022

​

2021

Stock options

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$

1,150

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$

649

Restricted and performance-based shares

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543

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317

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$

1,693

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$

966

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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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Year Ended December 31, 

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2022

​

2021

Expected volatility

 

68.38

%  

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65.99

%

Expected dividend yield

 

—

%  

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—

%

Expected term (in years)

 

6.00

 

​

6.00

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Weighted average risk-free rate

 

2.56

%  

​

0.97

%

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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 two years ended December 31, 2022:

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Year Ended December 31, 

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2022

​

2021

Weighted average grant date fair value

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$

4.39

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$

5.68