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 |
|