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STOCK-BASED COMPENSATION (Tables) - 2015 EIP Plan | 12 Months Ended
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Dec. 31, 2024
Employee Stock Option |
STOCK-BASED COMPENSATION |
Schedule of stock option activity | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | For the Year Ended December 31, | ​ | ​
​ | ​ | ​ | 2024 | ​ | ​
​ | ​ | ​ | ​ | ​ | Weighted | ​ | Weighted | ​ | ​
​ | ​ | ​ | Number | ​ | Average | ​ | Average | ​ | ​
​ | ​ | ​ | of | ​ | Exercise | ​ | Fair | ​ | ​
​ |  | ​ | Options |  | Price |  | Value |  | ​
Outstanding as of January 1 |  | ​ | 368,190 | ​ | ​ | 7.93 | ​ | ​ | 2.82 | ​ | ​
Granted |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​
Exercised |  | ​ | (65,245) | ​ | ​ | 8.03 | ​ | ​ | 3.09 | ​ | ​
Forfeited |  | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of December 31 |  | ​ | 302,945 |  | $ | 7.91 | ​ | $ | 2.76 | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Exercisable as of December 31 |  | ​ | 302,945 |  | $ | 7.91 | ​ | $ | 2.76 | ​ | ​
​ The following table summarizes certain information about the options outstanding as of December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | Options Outstanding and Unvested, | ​ | Options Outstanding and Exercisable, | ​
​ | ​ | ​ | December 31, 2024 | ​ | December 31, 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 | ​ | 1.38 | ​
Schedule of nonvested stock amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31, | ​
​ |  | 2024 | ​ | 2023 | ​ | 2022 | ​
General and administrative expenses | ​ | $ | 6 | ​ | $ | 83 | ​ | $ | 278 | ​
RSU |
STOCK-BASED COMPENSATION |
Schedule of nonvested stock amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31, | ​
​ |  | 2024 | ​ | 2023 | ​ | 2022 | ​
General and administrative expenses | ​ | $ | 4,637 | ​ | $ | 5,050 | ​ | $ | 2,964 | ​
Summary of nonvested restricted stock units | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31, | ​
​ | ​ | 2024 | ​ | 2023 | ​ | 2022 | ​
​ | ​ | ​ | ​ | 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 | ​ | 563,705 | ​ | $ | 16.47 | ​ | 641,972 | ​ | $ | 15.74 | ​ | 306,887 | ​ | $ | 9.65 | ​
Granted | ​ | 235,109 | ​ | ​ | 18.84 | ​ | 214,497 | ​ | ​ | 16.26 | ​ | 533,969 | ​ | ​ | 17.55 | ​
Vested | ​ | (244,128) | ​ | ​ | 16.07 | ​ | (243,442) | ​ | ​ | 14.36 | ​ | (198,884) | ​ | ​ | 11.23 | ​
Forfeited | ​ | — | ​ | ​ | — | ​ | (49,322) | ​ | ​ | 16.42 | ​ | — | ​ | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Outstanding as of December 31, 2024 | ​ | 554,686 | ​ | $ | 17.65 | ​ | 563,705 | ​ | $ | 16.47 | ​ | 641,972 | ​ | $ | 15.74 | ​
The following table summarizes certain information of the RSUs unvested and vested as of December 31, 2024: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Unvested RSUs | ​ | Vested RSUs | ​
December 31, 2024 | ​ | December 31, 2024 | ​
​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​ | ​ | ​
​ | ​ | Weighted | ​ | Average | ​ | ​ | ​ | Weighted | ​
​ | ​ | Average | ​ | Remaining | ​ | ​ | ​ | Average | ​
Number of | ​ | Grant Date | ​ | Contractual | ​ | Number of | ​ | Grant Date | ​
RSUs |  | Price |  | Life |  | RSUs |  | Price |
554,686 | ​ | $ | 17.65 | ​ | 1.08 | ​ | 362,824 | ​ | $ | 13.05 | ​
Performance based restricted stock units |
STOCK-BASED COMPENSATION |
Schedule of nonvested stock amortization expense | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the years ended December 31,
​ | ​ | 2024 | ​ | 2023 | ​ | 2022
General and administrative expenses | ​ | $ | 1,207 | ​ | $ | 397 | ​ | $ | —
​
Schedule of unvested PRSUs activity | ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | For the Years Ended December 31, | ​
​ | ​ | 2024 | ​ | 2023 | ​
​ | ​ | Number of | ​ | Number of |
​ |  | PRSUs |  | PRSUs |
Outstanding as of January 1 |  | 79,838 |  | — | ​
Granted |  | 99,065 | ​ | 79,838 | ​
Vested |  | — | ​ | — | ​
Forfeited |  | — | ​ | — | ​
​ | ​ | ​ | ​ | ​ | ​
Outstanding as of December 31 |  | 178,903 |  | 79,838 | ​
Schedule of significant inputs used in the estimation of the fair value of awards granted | ​
​ | ​ | ​ | ​ | ​ | ​
Significant Input | ​ | December 31, 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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