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v3.23.1

STOCK-BASED COMPENSATION (Tables) | 3 Months Ended
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Mar. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of black - scholes option-pricing model valuation assumption | The calculation of the fair value of the awards using the Black-Scholes option-pricing model is affected by the Company’s stock price on the date of grant as well as assumptions regarding the following:
|  | March 31,
|  | 2023 (1) |  | 2022 (1) |  | 2021
Expected volatility |  | NA |  | NA |  | 69.18 - 81.11%
Expected term |  | NA |  | NA |  | 4.49 - 5.00 Years
Risk-free interest rate |  | NA |  | NA |  | 0.32% - 1.39%
Forfeiture Rate |  | NA |  | NA |  | 0.0%
(1) No stock options were issued for the three months ended March 31, 2023 and the year ended December 31, 2022.
Schedule of outstanding stock options | A summary of the status of the Company’s outstanding stock options as of March 31, 2023 and changes during the periods ending on that date is as follows:
|  |  |  |  | Weighted Average |  |  | Aggregate |  |  | Weighted |
|  | Shares |  |  | Exercise |  |  | Grant Date Fair |  |  | Intrinsic Value |  |  | Average Remaining |
|  | (000’s) |  |  | Price |  |  | Value |  |  | (000’s) |  |  | Term (Yrs) |
Options |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
At December 31, 2022 |  |  | 2,266 |  |  | $ | 9.66 |  |  |  |  |  | $ | 213,914 |  |  |  | 5.43 |
Granted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercised |  |  | (249 | ) |  |  | 5.11 |  |  |  | 97.26 |  |  |  | 22,992 |  |  |  |
Forfeiture and cancelled |  |  | (1 | ) |  |  | 14.53 |  |  |  |  |  |  |  |  |  |
At March 31, 2023 |  |  | 2,016 |  |  | $ | 10.22 |  |  |  |  |  | $ | 166,829 |  |  |  | 5.52 |
Exercisable at March 31, 2023 |  |  | 1,888 |  |  | $ | 8.42 |  |  |  |  |  | $ | 159,544 |  |  |  | 5.37 |
Schedule of employee stock options outstanding | The following table summarizes information about employee stock options outstanding at March 31, 2023:
|  | Outstanding Options |  |  | Vested Options |
Range of Exercise Price |  | Number Outstanding at March 31, 2023 (000's) |  |  | Weighted Average Remaining Life |  |  | Weighted Average Exercise Price |  |  | Number Exercisable at March 31, 2023 (000's) |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Life |
$0.34 - $1.05 |  |  | 30 |  |  |  | 0.58 |  |  | $ | 1.19 |  |  |  | 30 |  |  | $ | 0.58 |  |  |  | 1.19 |
$1.97 - $2.95 |  |  | 5 |  |  |  | 1.97 |  |  |  | 2.77 |  |  |  | 5 |  |  |  | 1.97 |  |  |  | 2.77 |
$3.23 - $4.85 |  |  | 1,389 |  |  |  | 3.81 |  |  |  | 5.07 |  |  |  | 1,389 |  |  |  | 3.81 |  |  |  | 5.07 |
$5.59 - $8.38 |  |  | 214 |  |  |  | 5.76 |  |  |  | 5.23 |  |  |  | 214 |  |  |  | 5.76 |  |  |  | 5.23 |
$14.53 - $21.79 |  |  | 61 |  |  |  | 14.53 |  |  |  | 7.34 |  |  |  | 40 |  |  |  | 14.53 |  |  |  | 7.34 |
$21.80 - $32.70 |  |  | 16 |  |  |  | 21.80 |  |  |  | 7.59 |  |  |  | 10 |  |  |  | 21.80 |  |  |  | 7.59 |
$42.64 - $63.96 |  |  | 301 |  |  |  | 42.67 |  |  |  | 7.76 |  |  |  | 200 |  |  |  | 42.67 |  |  |  | 7.76 |
Outstanding options |  |  | 2,016 |  |  |  | 10.22 |  |  | $ | 5.52 |  |  |  | 1,888 |  |  | $ | 8.42 |  |  |  | 5.37 |
Schedule of restricted stock activity | A summary of the Company’s restricted stock award activity for the three months ended March 31, 2023 and 2022 is presented in the following table:
|  | Three Months Ended |
|  | March 31, 2023 |  |  | March 31, 2022 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Grant Date |  |  |  |  |  | Grant Date |
|  | Shares |  |  | Fair Value |  |  | Shares |  |  | Fair Value |
Unvested at beginning of period |  |  | — |  |  | $ | — |  |  |  | 0.2 |  |  | $ | 14.72 |
Transfers to restricted stock units |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited and cancelled |  |  | — |  |  |  | — |  |  |  |  |  |  |
Unvested at end of period |  |  | — |  |  | $ | — |  |  |  | 0.2 |  |  | $ | 14.72 |
Schedule of restricted stock unit activity | 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 three months ended March 31, 2023 and 2022 is presented in the following table:
|  | Three Months Ended |
|  | March 31, 2023 | March 31, 2022 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Grant Date |  |  |  |  |  | Grant Date |
|  | Shares (000's) |  |  | Fair Value |  |  | Shares (000's) |  |  | Fair Value |
Unvested at beginning of period |  |  | 539 |  |  | $ | 60.73 |  |  |  | 566 |  |  | $ | 52.66 |
Transfers to restricted stock awards |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Granted |  |  | 124 |  |  |  | 103.17 |  |  |  | 189 |  |  |  | 74.57 |
Vested |  |  | (157 | ) |  |  | 57.46 |  |  |  | (111 | ) |  |  | 51.10 |
Forfeited and cancelled |  |  | (31 | ) |  |  | 63.63 |  |  |  | (18 | ) |  |  | 54.88 |
Unvested at end of period |  |  | 475 |  |  | $ | 72.67 |  |  |  | 626 |  |  | $ | 59.50 |
Schedule of Stock-based Awards Issued to Non-employee Consultants | A summary of the Company’s PSU activity for the three months ended March 31, 2023 and 2022 is presented in the following table:
|  | Three Months Ended |
|  | March 31, 2023 | March 31, 2022 |
|  |  |  |  | Weighted |  |  |  |  |  | Weighted |
|  |  |  |  | Average |  |  |  |  |  | Average |
|  |  |  |  | Grant Date |  |  |  |  |  | Grant Date |
|  | Shares (000's) |  |  | Fair Value |  |  | Shares (000's) |  |  | Fair Value |
Unvested at beginning of period |  |  | 76 |  |  | $ | 91.48 |  |  |  | 15 |  |  | $ | 64.65 |
Granted |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Vested |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Forfeited and cancelled |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Unvested at end of period |  |  | 76 |  |  | $ | 91.48 |  |  |  | 15 |  |  | $ | 64.65 |

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