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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan | 9 Months Ended
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Sep. 30, 2024
Employee Stock Option |
STOCK-BASED COMPENSATION |
Schedule of stock option activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | Weighted | ​ | ​ | ​
​ | ​ | Number | ​ | Average | ​ | Average | ​ | ​ | ​
​ | ​ | of | ​ | Exercise | ​ | Fair | ​ | ​ | ​
​ |  | Options |  | Price |  | Value |  | ​ | ​
Outstanding as of January 1, 2024 |  | 368,190 |  | $ | 7.93 | ​ | $ | 2.82 | ​ | ​ | ​
Granted |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​
Exercised |  | (65,245) | ​ | ​ | 8.03 | ​ | ​ | 3.09 | ​ | ​ | ​
Forfeited |  | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of September 30, 2024 |  | 302,945 |  | $ | 7.91 | ​ | $ | 2.76 | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercisable as of September 30, 2024 |  | 302,945 |  | $ | 7.91 | ​ | $ | 2.76 | ​ | ​ | ​
​ ​ The following table summarizes certain information about the options outstanding as of September 30, 2024:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Options Outstanding and Unvested, | ​ | Options Outstanding and Exercisable, | ​
​ | ​ | ​ | September 30, 2024 | ​ | September 30, 2024 | ​
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 | ​ | — | ​ | $ | — | ​ | — | ​ | 302,945 | ​ | $ | 7.91 | ​ | 1.63 | ​
​
Schedule of nonvested stock amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
​ | ​ | 2024 | ​ | 2023 | ​ | 2024 |  | 2023 |
General and administrative expenses | ​ | $ | — | ​ | $ | 13 | ​ | $ | 6 | ​ | $ | 71 | ​
RSU |
STOCK-BASED COMPENSATION |
Schedule of nonvested stock amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Three Months Ended | ​ | For the Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
​ | ​ | 2024 | ​ | 2023 |  | 2024 |  | 2023 |
General and administrative expenses | ​ | $ | 1,178 | ​ | $ | 1,243 | ​ | $ | 3,457 | ​ | $ | 3,848 | ​
Summary of nonvested restricted stock units | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​
​ | ​ | Number of | ​ | Average Grant | ​
​ |  | RSUs | ​ | Date Price | ​
Outstanding as of January 1, 2024 | ​ | 563,705 | ​ | $ | 16.47 | ​
Granted | ​ | 226,257 | ​ | ​ | 18.91 | ​
Vested | ​ | (236,189) | ​ | ​ | 16.04 | ​
Forfeited | ​ | — | ​ | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of September 30, 2024 | ​ | 553,773 | ​ | $ | 17.65 | ​
The following table summarizes certain information of the RSUs unvested and vested as of September 30, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested RSUs | ​ | Vested RSUs | ​
September 30, 2024 | ​ | September 30, 2024 | ​
​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | ​
​ | ​ | Weighted | ​ | Average | ​ | ​ | ​ | Weighted | ​
​ | ​ | Average | ​ | Remaining | ​ | ​ | ​ | Average | ​
Number of | ​ | Grant Date | ​ | Contractual | ​ | Number of | ​ | Grant Date | ​
RSUs |  | Price |  | Life |  | RSUs |  | Price |
553,773 | ​ | $ | 17.65 | ​ | 1.33 | ​ | 354,885 | ​ | $ | 12.96 | ​
Performance based restricted stock units |
STOCK-BASED COMPENSATION |
Schedule of nonvested stock amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Three Months Ended | ​ | For the Nine Months Ended | ​
​ | ​ | September 30, | ​ | September 30, | ​
​ |  | 2024 |  | 2023 |  | 2024 |  | 2023 | ​
General and administrative expenses | ​ | $ | 330 | ​ | $ | 141 | ​ | $ | 878 | ​ | $ | 256 | ​
​
Schedule of unvested PRSUs activity | ​
​ | ​ | ​ | ​
​ | ​ | ​ | ​
​ | ​ | Number of | ​
​ |  | PRSUs |
Outstanding as of January 1, 2024 |  | 79,838 |
Granted |  | 99,065 | ​
Vested |  | — | ​
Forfeited |  | — | ​
​ | ​ | ​ | ​
Outstanding as of September 30, 2024 |  | 178,903 |
Schedule of significant inputs used in the estimation of the fair value of awards granted | ​
​ | ​ | ​ | ​ | ​ | ​
Significant Input | ​ | September 30, 2024 | ​ | December 31, 2023 | ​
Closing share price of our common stock | ​ | $14.36 to $18.17 | ​ | $14.36 to $16.30 | ​
Risk-free rate of return | ​ | 3.81% to 4.38% | ​ | 3.81% to 4.38% | ​
Expected volatility of our common stock | ​ | 48.34% to 54.53% | ​ | 53.38% to 54.53% | ​
Holding period discount |  | 0% | ​ | 0% |
Simulation term (in years) |  | 2.54 to 2.86 | ​ | 2.54 to 2.72 |
Range of target |  | 0% to 200% | ​ | 0% to 200% |

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