Shareholders' Equity and Share Based Compensation

9 Months Ended

Sep. 30, 2022

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Shareholders' Equity and Share Based Compensation

17.

SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION

Share-based compensation expense for the three and nine months ended September 30, 2022 was $926 and $3,004, respectively, and $1,820 and $5,705 for the three and nine months ended September 30, 2021, respectively.

Stock option activity for the nine months ended September 30, 2022 was as follows:


	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at January 1, 2022		3,622,558		$	6.12		6.90	$	6,510
Granted	224,500			$	5.12		9.39	$	2
Exercised	(180,000)			$	1.30		0.55	$	772
Forfeited		(40,000	)	$	8.00
Outstanding at September 30, 2022		3,627,058		$	6.28		6.62	$	561
Exercisable at September 30, 2022		2,042,663		$	5.51		5.29	$	561

Performance-based shares activity for the nine months ended September 30, 2022 was as follows:


	Number of Performance-based Restricted Share Units			Weighted Average Grant Date Fair Value
Outstanding at January 1, 2022		230,000		$	6.66
Exercised		(165,000	)	$	6.01
Outstanding at September 30, 2022		65,000		$	8.31
Exercisable at September 30, 2022		35,000		$	8.31