EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK AWARD PLAN (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| EMPLOYEE STOCK OPTIONS AND RESTRICTED STOCK AWARD PLAN |
|
| Schedule of Stock Options Activity |
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|
|
|
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|
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Weighted- |
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|
|
|
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|
Weighted- |
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Average |
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|
|
|
|
|
|
Average |
|
Remaining |
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Aggregate |
|
|
|
|
Exercise |
|
Contractual |
|
Intrinsic |
|
|
Shares |
|
Price |
|
Term |
|
Value |
Outstanding, December 31, 2020 |
|
465,500 |
|
$ |
3.26 |
|
|
|
|
|
Granted |
|
— |
|
|
— |
|
|
|
|
|
Forfeited or rescinded |
|
— |
|
|
— |
|
|
|
|
|
Exercised |
|
— |
|
|
— |
|
|
|
|
|
Outstanding, March 31, 2021 |
|
465,500 |
|
$ |
3.26 |
|
3.00 Years |
|
$ |
134,850 |
Granted |
|
— |
|
|
— |
|
|
|
|
|
Forfeited or rescinded |
|
— |
|
|
— |
|
|
|
|
|
Exercised |
|
— |
|
|
— |
|
|
|
|
|
Outstanding, June 30, 2021 |
|
465,500 |
|
|
3.26 |
|
2.75 Years |
|
$ |
426,300 |
Exercisable, June 30, 2021 |
|
460,700 |
|
$ |
3.11 |
|
2.70 Years |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding, December 31, 2021 |
|
365,500 |
|
$ |
3.61 |
|
|
|
|
|
Granted |
|
— |
|
|
— |
|
|
|
|
|
Forfeited or rescinded |
|
— |
|
|
— |
|
|
|
|
|
Exercised |
|
— |
|
|
— |
|
|
|
|
|
Outstanding, March 31, 2022 |
|
365,500 |
|
$ |
3.61 |
|
2.21 Years |
|
$ |
536,900 |
Granted |
|
— |
|
|
— |
|
|
|
|
|
Forfeited or rescinded |
|
— |
|
|
— |
|
|
|
|
|
Exercised |
|
(100,000) |
|
|
2.00 |
|
|
|
|
|
Outstanding, June 30, 2022 |
|
265,500 |
|
|
4.21 |
|
2.14 Years |
|
$ |
128,700 |
Exercisable, June 30, 2022 |
|
265,500 |
|
$ |
4.21 |
|
2.14 Years |
|
|
|
|
| Schedule of Restricted Stock Grants |
|
|
|
|
|
|
|
|
|
|
Weighted- |
|
|
|
|
Average Grant |
|
|
Restricted stock |
|
Date Fair Value |
Outstanding, December 31, 2020 |
|
2,132,297 |
|
$ |
1.03 |
Granted |
|
— |
|
|
— |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
(94,350) |
|
|
4.95 |
Outstanding, March 31, 2021 |
|
2,037,947 |
|
$ |
0.85 |
Granted |
|
1,196,102 |
|
|
2.77 |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
(3,480) |
|
|
5.96 |
Outstanding, June 30, 2021 |
|
3,230,569 |
|
$ |
1.55 |
|
|
|
|
|
|
Outstanding, December 31, 2021 |
|
2,572,596 |
|
$ |
1.75 |
Granted |
|
1,247,061 |
|
|
2.79 |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
— |
|
|
— |
Outstanding, March 31, 2022 |
|
3,819,657 |
|
$ |
2.09 |
Granted |
|
19,642 |
|
|
4.27 |
Forfeited or rescinded |
|
(17,204) |
|
|
2.79 |
Vested |
|
(610,195) |
|
|
2.80 |
Outstanding, June 30, 2022 |
|
3,211,900 |
|
$ |
1.97 |
|
| Schedule of performance stock units |
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|
|
|
|
|
|
|
|
|
Weighted- |
|
|
Performance |
|
Average Grant |
|
|
Stock Units |
|
Date Fair Value |
Outstanding, December 31, 2020 |
|
— |
|
$ |
— |
Granted |
|
— |
|
|
— |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
— |
|
|
— |
Outstanding, March 31, 2021 |
|
— |
|
$ |
— |
Granted |
|
— |
|
|
— |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
— |
|
|
— |
Outstanding, June 30, 2021 |
|
— |
|
$ |
— |
|
|
|
|
|
|
Outstanding, December 31, 2021 |
|
860,216 |
|
$ |
3.87 |
Granted |
|
860,216 |
|
|
3.65 |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
— |
|
|
— |
Outstanding, March 31, 2022 |
|
1,720,432 |
|
$ |
3.76 |
Granted |
|
— |
|
|
— |
Forfeited or rescinded |
|
— |
|
|
— |
Vested |
|
— |
|
|
— |
Outstanding, June 30, 2022 |
|
1,720,432 |
|
$ |
3.76 |
|