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STOCK-BASED COMPENSATION (Tables) | 9 Months Ended
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Sep. 30, 2021
Share-based Payment Arrangement [Abstract] |
Schedule of black - scholes option-pricing model valuation assumption |
Schedule of black - scholes option-pricing model valuation assumption |  |  |  |  |  |  |  |
|  | Nine months ended September 30, |
|  | 2021 |  |  | 2020 |
Expected volatility |  |  | 69.18%-81.11 | % |  |  | 69.18%-81.11 | %
Expected term |  |  | 4.49-5.00 Years |  |  |  | 4.84-5.00 Years |
Risk-free interest rate |  |  | 0.32-1.39 | % |  |  | 0.23% - 1.39 | %
Forfeiture Rate |  |  | 0.00 | % |  |  | 0.00 | %
Schedule of outstanding stock options |
Schedule of outstanding stock options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  | Weighted Average |  |  |  |  |  | Weighted |
|  | Shares |  |  | Exercise |  |  | Grant Date Fair |  |  | Aggregate Intrinsic |  |  | Average Remaining |
|  | (000’s) |  |  | Price |  |  | Value |  |  | Value (000’s) |  |  | Term (Yrs) |
Options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2020 |  |  | 5,198 |  |  | $ | 4.23 |  |  |  |  |  |  | $ | 240,866 |  |  |  | 6.89 |
Granted |  |  | 305 |  |  | $ | 42.37 |  |  | $ | 30.32 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,292 | ) |  | $ | 3.84 |  |  | $ | 73.91 |  |  | $ | 72,192 |  |  |  |  |
Forfeiture and cancelled |  |  | (242 | ) |  | $ | 6.71 |  |  |  |  |  |  |  |  |  |  |  |  |
At September 30, 2021 |  |  | 3,969 |  |  | $ | 7.13 |  |  |  |  |  |  | $ | 329,231 |  |  |  | 6.32 |
Exercisable at September 30, 2021 |  |  | 2,271 |  |  | $ | 4.09 |  |  |  |  |  |  | $ | 195,273 |  |  |  | 5.02 |
Schedule of employee stock options outstanding |
Schedule of employee stock options outstanding |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Outstanding Options |  |  | Vested Options |
|  | Number |  |  |  |  |  |  |  |  | Number |  |  |  |  |  |  |
|  | Outstanding |  |  | Weighted |  |  | Weighted |  |  | Exercisable |  |  | Weighted |  |  | Weighted |
Range of |  | at |  |  | Averaged |  |  | Averaged |  |  | at |  |  | Averaged |  |  | Averaged |
Exercise |  | September 30, |  |  | Remaining |  |  | Exercise |  |  | September 30, |  |  | Exercise |  |  | Remaining |
Price |  | 2021 (000’s) |  |  | Life |  |  | Price |  |  | 2021 (000’s) |  |  | Price |  |  | Life |
$0.20 - $0.53 |  |  | 20 |  |  |  | 2.33 |  |  | $ | 0.34 |  |  |  | 20 |  |  | $ | 0.34 |  |  |  | 2.33 |
$0.65 - $1.80 |  |  | 100 |  |  |  | 3.41 |  |  | $ | 1.05 |  |  |  | 100 |  |  | $ | 1.05 |  |  |  | 3.41 |
$1.83 - $2.84 |  |  | 112 |  |  |  | 4.27 |  |  | $ | 1.97 |  |  |  | 112 |  |  | $ | 1.97 |  |  |  | 4.27 |
$3.20 - $6.20 |  |  | 3,354 |  |  |  | 6.17 |  |  | $ | 4.10 |  |  |  | 2.019 |  |  |  | 4.29 |  |  |  | 5.13 |
$7.20-$60.00 |  |  | 383 |  |  |  | 9.18 |  |  |  | 37.04 |  |  |  | 20 |  |  |  | 14.53 |  |  |  | 8.84 |
Outstanding options |  |  | 3,969 |  |  |  | 6.32 |  |  | $ | 7.13 |  |  |  | 2.271 |  |  | $ | 4.09 |  |  |  | 5.02 |
Schedule of restricted stock activity |
Schedule of restricted stock activity |  |  |  |  |  |  |  |  |  |  |  |
|  | For the nine months ended |
|  | September 30, 2021 |  |  | September 30, 2020 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Grant Date |  |  |  |  |  | Grant Date |
|  | Shares |  |  | Fair Value |  |  | Shares |  |  | Fair Value |
Unvested at beginning of period |  |  | 66,229 |  |  | $ | 28.11 |  |  |  | 90,000 |  |  | $ | 3.23 |
Transfers to restricted stock units |  |  | (45,871 | ) |  |  | 34.02 |  |  |  | - |  |  |  | - |
Granted |  |  |  |  |  |  |  |  |  |  | 92,444 |  |  |  | 14.72 |
Vested |  |  | (19,429 | ) |  |  | 14.79 |  |  |  | (18,582 | ) |  |  | 14.72 |
Forfeiture and cancelled |  |  | (671 | ) |  |  | 14.72 |  |  |  | - |  |  |  | - |
Unvested at end of period |  |  | 258 |  |  | $ | 14.72 |  |  |  | 163,862 |  |  | $ | 8.41 |
The total fair value of shares vested during the nine months ended September 30, 2021 and 2020 was $1.3 million and $0.5 million, respectively. Unrecognized compensation expense related to outstanding restricted stock awards to employees and directors as of September 30, 2021 was $1,600 and is expected to be expensed over the next ten10 months. Restricted Stock Units Restricted stock units are awards that give the holder the right to receive one share of common stock for each restricted stock unit upon meeting service-based vesting conditions (typically annual vesting in three equal annual installments, with a requirement that the holder remains in the continuous employment of the Company). The holders of unvested units do not have the same rights as shareholders including but not limited to any dividends which may be declared by the Company, and do not have the right to vote. The value of restricted stock units that vest over time is established by the market price on the date of its grant. A summary of the Company’s restricted stock unit activity for the nine months ended September 30, 2021 and 2020 is presented in the following table:
|  | For the nine months ended |
|  | September 30, 2021 |  |  | September 30, 2020 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Grant Date |  |  |  |  |  | Grant Date |
|  | Shares |  |  | Fair Value |  |  | Shares |  |  | Fair Value |
Unvested at beginning of period |  |  | - |  |  | $ | - |  |  |  | - |  |  | $ | - |
Transfers from restricted stock awards |  |  | 45,871 |  |  |  | 34.02 |  |  |  | - |  |  |  |  |
Granted |  |  | 546,525 |  |  |  | 52.27 |  |  |  | - |  |  |  | - |
Vested |  |  | (1,334 | ) |  |  | 69.63 |  |  |  | - |  |  |  | - |
Forfeiture and cancelled |  |  | (14,900 | ) |  |  | 50.67 |  |  |  |  |  |  |  |  |
Unvested at end of period |  |  | 576,162 |  |  | $ | 50.82 |  |  |  | - |  |  | $ | - |

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- Definition Tabular disclosure of option exercise prices, by grouped ranges, including the upper and lower limits of the price range, the number of shares under option, weighted average exercise price and remaining contractual option terms. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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