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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan

12 Months Ended

Dec. 31, 2023

Employee Stock Option [Member]

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,								​
​		2023		​	2022		​	2021		​
General and administrative expenses	​	$	83	​	$	278	​	$	635	​

Schedule of stock option activity

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Years Ended December 31,

​

​

​

​

2023

​

2022

​

2021

​

​

​

​

​

​

Weighted

​

Weighted

​

​

​

Weighted

​

Weighted

​

​

​

Weighted

​

Weighted

​

​

​

​

Number

​

Average

​

Average

​

Number

​

Average

​

Average

​

Number

​

Average

​

Average

​

​

​

​

of

​

Exercise

​

Fair

​

of

​

Exercise

​

Fair

​

of

​

Exercise

​

Fair

​

​

​

Options

Price

Value

Options

Price

Value

Options

Price

Value

​

​

Outstanding as of January 1

415,227

$

7.91

​

$

2.78

​

916,287

$

9.02

​

$

4.08

​

837,338

$

8.86

​

$

4.02

​

​

Granted

—

​

​

—

​

​

—

​

—

​

​

—

​

​

—

​

118,552

​

​

9.91

​

​

4.33

​

​

Exercised

(47,037)

​

​

7.70

​

​

2.53

​

(501,060)

​

​

9.94

​

​

5.16

​

(39,603)

​

​

8.37

​

​

3.46

​

​

Forfeited

—

​

​

—

​

​

—

​

—

​

​

—

​

​

—

​

—

​

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Outstanding as of December 31

368,190

$

7.93

​

$

2.82

​

415,227

$

7.91

​

$

2.78

​

916,287

$

9.02

​

$

4.08

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Exercisable as of December 31

337,654

$

7.76

​

$

2.68

​

221,336

$

7.63

​

$

2.63

​

488,969

$

9.88

​

$

5.04

​

​

​

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

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Options Outstanding and Unvested,

​

Options Outstanding and Exercisable,

​

​

​

​

December 31, 2023

​

December 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

$

7.93

​

30,536

​

$

9.91

​

3.15

​

337,654

​

$

7.76

​

2.25

​

Restricted Stock Units

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​	​	​	​
​	​	For the Years Ended December 31,								​
​		2023		​	2022		​	2021		​
General and administrative expenses	​	$	5,050	​	$	2,964	​	$	1,632	​

Summary of nonvested restricted stock units

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

For the Years Ended December 31,

​

​

​

2023

​

2022

​

2021

​

​

​

​

​

Weighted

​

​

​

Weighted

​

​

​

Weighted

​

​

​

Number of

​

Average Grant

​

Number of

​

Average Grant

​

Number of

​

Average Grant

​

​

RSUs

​

Date Price

​

RSUs

​

Date Price

​

RSUs

Date Price

Outstanding as of January 1

​

641,972

​

$

15.74

​

306,887

​

$

9.65

​

298,834

​

$

7.49

​

Granted

​

214,497

​

​

16.26

​

533,969

​

​

17.55

​

159,492

​

​

11.93

​

Vested

​

(243,442)

​

​

14.36

​

(198,884)

​

​

11.23

​

(151,439)

​

​

7.79

​

Forfeited

​

(49,322)

​

​

16.42

​

—

​

​

—

​

—

​

​

—

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Outstanding as of December 31

​

563,705

​

$

16.47

​

641,972

​

$

15.74

​

306,887

​

$

9.65

​

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

​

​	​	​	​	​	​	​	​	​	​	​	​
Unvested RSUs						​	Vested RSUs				​
December 31, 2023						​	December 31, 2023				​
​	​	​		​	Weighted	​	​	​	​		​
​	​	Weighted		​	Average	​	​	​	Weighted		​
​	​	Average		​	Remaining	​	​	​	Average		​
Number of	​	Grant Date		​	Contractual	​	Number of	​	Grant Date		​
RSUs		Price			Life		RSUs		Price
563,705	​	$	16.47	​	1.38	​	290,782	​	$	12.38	​

Performance based restricted stock units

STOCK-BASED COMPENSATION

Schedule of nonvested stock amortization expense

​

​	​	​	​	​	​	​	​	​	​
​	​	​		​	​		​	​
​	​	For the Years Ended December 31,
​	​	2023		​	2022		​	2021
General and administrative expenses	​	$	397	​	$	—	​	$	—

​

Schedule of significant inputs used in the estimation of the fair value of awards granted

​

​	​	​	​
Significant Input	​	December 31, 2023	​
Closing share price of our common stock	​	$14.36 to $16.30	​
Risk-free rate of return	​	3.81% to 4.38%	​
Expected volatility of our common stock	​	53.38% to 54.53%	​
Holding period discount		0%
Simulation term (in years)		2.54 to 2.72
Range of target		0% to 200%

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