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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 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			894,980						9.37
Exercised			(109,415)						6.26
Canceled and forfeited			(190,793)						8.22
Outstanding at September 30, 2021			5,533,715						$	5.98

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.

			2021 Grants
Strike price			$9.29			-			$11.51
Risk-free rate			0.6%			-			0.8%
Expected dividend yield			—
Expected volatility			68.9%			-			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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