Annual report pursuant to Section 13 and 15(d)

Employee Benefit Plans (Tables)

v3.22.4
Employee Benefit Plans (Tables)
12 Months Ended
Dec. 31, 2022
Stock-Based Compensation and Warrants  
Schedule of stock option activity

Changes in outstanding stock options during the years ended December 31, 2022 and 2021 were as follows:

Weighted

Weighted

average

Intrinsic

average exercise

remaining

value

    

Shares

    

price

    

contractual life

    

(thousands)

Outstanding at January 1, 2021

 

1,707,008

$

3.37

 

  

 

  

Vested

 

594,402

3.09

 

  

 

  

Exercised

 

(1,039,058)

3.23

 

  

 

  

Cancelled, expired or forfeited

 

(10,000)

2.13

 

  

 

  

Outstanding at December 31, 2021

 

1,252,352

3.36

 

3.92 years

$

11,581

Exercisable at December 31, 2021

 

1,126,685

3.48

 

3.72 years

$

10,283

Vested

 

-

-

 

  

 

  

Exercised

 

(65,000)

2.13

 

  

 

  

Cancelled, expired or forfeited

 

-

-

 

  

 

  

Outstanding at December 31, 2022

 

1,187,352

3.43

 

2.84 years

$

3,811

Exercisable at December 31, 2022

 

1,187,352

$

3.43

 

2.84 years

$

3,811

Schedule of non-vested stock options

A summary of the status of the Company’s non-vested stock options as of December 31, 2022 and 2021 and changes during the years then ended, is presented below:

Weighted average

    

Shares

    

grant date fair value

Non-vested stock options at January 1, 2021

 

263,333

$

0.99

Granted

 

 

Vested

 

(127,667)

 

1.00

Cancelled, expired or forfeited

 

(10,000)

 

0.87

Non-vested stock options at December 31, 2021

 

125,667

$

1.00

Granted

 

Vested

 

(125,667)

1.00

Cancelled, expired or forfeited

 

Non-vested stock options at December 31, 2022

 

$

Schedule of restricted stock awards and changes

A summary of the status of RSUs and changes during the years ended December 31, 2022 and 2021 is presented below:

Weighted average

    

Shares

    

grant date fair value

Non-vested RSUs at January 1, 2021

 

1,871,592

$

1.68

Granted

 

977,599

 

7.74

Vested

 

(1,109,250)

 

1.90

Cancelled, expired or forfeited

 

(49,931)

 

5.18

Non-vested RSUs at December 31, 2021

 

1,690,010

$

4.98

Granted

 

983,147

 

7.31

Vested

 

(742,781)

 

3.82

Cancelled, expired or forfeited

 

(90,944)

 

6.38

Non-vested RSUs at December 31, 2022

 

1,839,432

$

6.62