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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

3 Months Ended

Mar. 31, 2023

Stock Options

Stock Awards

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​	​	2023			2022
General and administrative expenses	​	$	42	​	$	113	​

​

Schedule of stock option activity

​

​	​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Weighted		​	Weighted		​	​	​
​	​	Number	​	Average		​	Average		​	​	​
​	​	of	​	Exercise		​	Fair		​	​	​
​		Options		Price			Value			​	​
Outstanding as of January 1, 2023		415,227		$	7.91	​	$	2.78	​	​	​
Granted		—	​	​	—	​	​	—	​	​	​
Exercised		(14,091)	​	​	7.89	​	​	2.69	​	​	​
Forfeited		—	​	​	—	​	​	—	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Outstanding as of March 31, 2023		401,136		$	7.91	​	$	2.79	​	​	​
​	​	​	​	​	​	​	​	​	​	​	​
Exercisable as of March 31, 2023		364,826		$	7.71	​	$	2.63	​	​	​

​

​

The following table summarizes certain information about the options outstanding as of March 31, 2023:

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​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Options Outstanding and Unvested,

​

Options Outstanding and Exercisable,

​

​

​

​

March 31, 2023

​

March 31, 2023

​

Weighted

​

​

​

​

​

​

Weighted

​

​

​

​

​

Weighted

​

Average

​

​

Weighted

​

Average

​

​

​

Weighted

​

Average

​

Exercise Price of

​

​

Average

​

Remaining

​

​

​

Average

​

Remaining

​

Outstanding

​

Number of

​

Exercise

​

Contractual

​

Number of

​

Exercise

​

Contractual

​

Options

Options

Price

Life

Options

Price

Life

$

7.91

36,310

​

$

9.91

​

3.90

​

364,826

​

$

7.71

​

3.00

​

​

Restricted Stock Units

Stock Awards

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​
​	​	For the Three Months Ended					​
​	​	March 31,					​
​		2023			2022
General and administrative expenses	​	$	1,517	​	$	577	​

Summary of nonvested restricted stock units

​

​	​	​	​	​	​	​
​	​	​	​	Weighted		​
​	​	Number of	​	Average Grant		​
​		RSUs	​	Date Price		​
Outstanding as of January 1, 2023	​	641,972	​	$	15.74	​
Granted	​	76,425	​	​	18.04	​
Vested	​	(178,922)	​	​	13.04	​
Forfeited	​	—	​	​	—	​
​	​	​	​	​	​	​
Outstanding as of March 31, 2023	​	539,475	​	$	16.96	​

​

The total fair value of the RSUs that vested during the three months ended March 31, 2023 and 2022 was $3,369 and $2,655, respectively. The total fair value is calculated as the number of shares vested during the period multiplied by the fair value on the vesting date.

​

The following table summarizes certain information of the RSUs unvested and vested as of March 31, 2023:

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
March 31, 2023						​	March 31, 2023				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
539,475	​	$	16.96	​	3.54	​	250,675	​	$	11.19	​

​

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