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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2021

Share-based Payment Arrangement [Abstract]

Summary of stock options and stock awards

Stock option activity is summarized as follows:

			Number of options						Weighted average exercise price
Outstanding at December 31, 2020			4,938,943						$	5.46
Granted			775,980						9.32
Exercised			(55,582)						4.56
Canceled and forfeited			(98,635)						8.05
Outstanding at June 30, 2021			5,560,706						$	5.96

Schedule of option fair value assumptions

The Company calculated the grant date fair value of options granted in 2021 ("2021 Grants") utilizing a Black Scholes model with an expected life calculated via the simplified method.

			2021 Grants
Strike price			$9.29			-			$9.55
Risk-free rate			0.6%			-			0.8%
Expected dividend yield			—
Expected volatility			70.7%			-			70.8%
Expected term (in years)			4.5			-			6

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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