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

    

Weighted

    

Average

    

    

Weighted

Remaining

Number

Average

Contractual

Aggregate

of Stock

Exercise

Term

Intrinsic

Options

Price

(in years)

Value

Options outstanding at January 1, 2022

 

3,221,956

$

2.19

 

  

 

  

Granted

 

434,598

 

7.71

 

  

 

  

Exercised

 

(103,319)

 

1.81

 

  

 

  

Canceled/Forfeited

 

(50,000)

 

8.72

 

  

 

  

Expired

 

 

 

  

 

  

Options outstanding at December 31, 2022

 

3,503,235

$

2.80

 

4.79

$

17,117,870

Options exercisable at December 31, 2022

 

2,816,558

$

1.87

 

3.82

$

16,015,085

Schedule of compensation expense

(In thousands)

Year Ended

December 31, 

Compensation Expense

2022

2021

Stock options

$

1,150

$

649

Restricted and performance-based shares

 

543

 

317

$

1,693

$

966

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

Year Ended December 31, 

    

2022

2021

Expected volatility

 

68.38

%  

65.99

%

Expected dividend yield

 

%  

%

Expected term (in years)

 

6.00

 

6.00

Weighted average risk-free rate

 

2.56

%  

0.97

%

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:

Year Ended December 31, 

2022

2021

Weighted average grant date fair value

$

4.39

$

5.68