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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of time based stock options

The following table summarizes the inputs into the Black-Scholes model for all time-vesting stock options granted during the year ended December 31, 2024.

 

    December 31, 2024  
         
Dividend yield     0.00%  
Expected Volatility     51.9% - 68.04%  
Expected dividends      
Expected term (in years)     6.25  
Risk-free rate     3.50% - 4.11%  
Schedule of status of time based stock options

The following table summarizes the status of the time-based stock options outstanding at December 31, 2024:

 

    Shares   Weighted
Average
Exercise
Price
         
Outstanding at January 1   3,256,250   $ 3.66
Granted   567,024     2.35
Exercised   (237,500 )   2.67
Forfeited   (898,750 )   4.86
Outstanding at December 31   2,687,024     3.07
Options exercisable at December 31   1,383,750     3.40
Weighted average fair value of options granted during the period     $ 1.44
Schedule of information pertaining to options outstanding

The following table presents information pertaining to time-based stock options outstanding at December 31, 2024:

 

Range of Exercise Price   Number
Outstanding
  Weighted
Average
Remaining
Contractual
Life
  Weighted
Average
Exercise
Price
  Number
Exercisable
  Weighted
Average
Exercise
Price
 
                           
$2.08-$3.98   2,687,024   7.4 years   $ 3.07   1,383,750   $ 3.40  
The following table summarizes the activities for our unvested performance-vesting stock option awards for the year ended December 31, 2024.

The following table summarizes the activities for our unvested performance-vesting stock option awards for the year ended December 31, 2024.

 

    Shares   Weighted
Average
Grant-Date
Fair Value
         
Unvested at January 1   200,000   $ 1.48
Granted      
Vested   (22,000 )   1.48
Forfeited/canceled   (44,666 )   1.48
Unvested at December 31   133,334   $ 1.48
The following table summarizes the activities for our unvested restricted stock awards, RSUs, and PSUs for the year ended December 31, 2024.

The following table summarizes the activities for our unvested restricted stock awards, RSUs, and PSUs for the year ended December 31, 2024.

 

    Shares   Weighted
Average
Grant-Date
Fair Value
 
           
Unvested at January 1   904,496   $ 2.77  
Granted   458,975     2.20  
Vested   (81,789 )   3.45  
Forfeited/canceled   (11,745 )   2.30  
Unvested at December 31   1,269,937   $ 2.54