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SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS (Tables)
12 Months Ended
Dec. 31, 2023
SHAREHOLDERS' EQUITY AND SHARE INCENTIVE PLANS [Abstract]  
Share Option Activity

c.
The following is a summary of share option activity and related information for the year ended December 31, 2023 (including employees, directors, officers and consultants of the Company):

   
Outstanding
Share
Options
   
Weighted
Average
Exercise
Price
   
Weighted
Average
Remaining
Contractual
Life (Years)
   
Aggregate
Intrinsic
Value
 
Balance as of December 31, 2022
   
35,488,179
   
$
3.08
     
6.72
   
$
40,516
 
Exercised
   
(5,610,638
)
   
1.30
             
 
 
Forfeited
   
(586,256
)
   
5.91
           

 
Balance as of December 31, 2023
   
29,291,285
   
$
3.35
     
5.27
   
$
57,118
 
Exercisable as of December 31, 2023
   
24,738,145
   
$
2.78
     
4.89
   
$
53,284
 
Summary of RSU activity

d.
The following is a summary of the RSU activity and related information for the year ended December 31, 2023:

   
Outstanding
Restricted shares
Unit
   
Weighted
Average Grant
Date Fair Value
 
Balance as of December 31, 2022
   
23,521,009
   
$
6.60
 
Granted
   
13,384,846
     
3.54
 
Vested (1)
   
(10,478,099
)
   
5.78
 
Forfeited
   
(2,948,448
)
   
5.72
 
Balance as of December 31, 2023
   
23,479,308
   
$
5.13

____________________________________________
(1) A portion of the shares that vested were netted out to satisfy the tax obligations of the recipients. During the year ended December 31, 2023, a total of 1,164,891 RSUs were canceled to satisfy tax obligations, resulting in net issuance of 1,164,873 Ordinary shares.
Equity Based Compensation Expense
The total share-based compensation expense related to all of the Company’s share-based awards recognized for the years ended December 31, 2023, 2022 and 2021, were comprised as follows:

   
Year ended
December 31,
 
   
2023
   
2022
   
2021
 
Cost of revenues
 
$
3,924
   
$
3,092
   
$
1,891
 
Research and development
   
24,471
     
26,433
     
29,022
 
Sales and marketing
   
16,397
     
22,615
     
44,834
 
General and administrative
   
19,539
     
22,781
     
52,210
 
Total share-based compensation expense
 
$
64,331
   
$
74,921
   
$
127,957