XML 37 R28.htm IDEA: XBRL DOCUMENT
v3.23.2

STOCK-BASED COMPENSATION (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of share-based compensation expense | The following table presents the share-based compensation expense for the three and six months ended June 30, 2023. There was no share-based compensation expense for the three and six months ended June 30, 2022.
|  | Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2023
|  | (In thousands)
Stock option expense |  | $ | 397 |  |  | $ | 796 |
Restricted stock expense |  | 371 |  |  | 648 |
Total share-based compensation expense |  | $ | 768 |  |  | $ | 1,444 |
Schedule of stock option activity | The following is a summary of the Company’s stock option activity and related information for the six months ended June 30, 2023:
| Number of Stock Options |  | Weighted Average Grant Date Fair Value |  | Weighted Average Exercise Price |  | Weighted Average Remaining Contractual Life (years)
Outstanding - December 31, 2022 | 2,591,063 |  | $ | 4.12 |  |  | $ | 11.65 |  |  | 9.8
Forfeited | (91,200) |  | 4.25 |  |  | 11.69 |  |  | 9.3
Outstanding - June 30, 2023 | 2,499,863 |  | $ | 4.12 |  |  | $ | 11.65 |  |  | 9.3
Exercisable - June 30, 2023 | — |  |  |  |  |  |
Schedule of restricted shares activity | The following is a summary of the status of the Company’s restricted shares as of June 30, 2023 and changes therein during the six months ended:
|  | Number of Shares Awarded |  | Weighted Average Grant Date Fair Value
Outstanding - December 31, 2022 |  | 299,481 |  | $ | 11.54 |
Granted |  | 732,780 |  | 12.00 |
Forfeited |  | (10,500) |  |  | 12.00
Outstanding - June 30, 2023 |  | 1,021,761 |  | $ | 11.87 |

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Disclosure of the number and weighted-average grant date fair value for restricted stock and restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock and restricted stock units that were granted, vested, or forfeited during the year. + References No definition available. + Details
Name: | us-gaap_ScheduleOfSharebasedCompensationRestrictedStockAndRestrictedStockUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
Name: | us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration