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STOCK OPTIONS (Tables) | 12 Months Ended
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Dec. 31, 2022
Share-Based Payment Arrangement [Abstract] |
Summary of Stock Options And Stock Awards | The status of the Company’s stock options 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 | (232,521) |  |  | 6.65 |
Canceled and forfeited | (203,711) |  |  | 8.27 |
Outstanding at December 31, 2021 | 5,397,691 |  |  | $ | 5.95 |
Granted | 1,692,417 |  |  | 10.64 |
Exercised | (316,506) |  |  | 3.96 |
Canceled and forfeited | (253,158) |  |  | 9.59 |
Outstanding at December 31, 2022 | 6,520,444 |  |  | $ | 7.12 |
Number of Weighted Average Grant-Date Fair Values of Options |
| Number of options |  | Weighted average grant date fair value
Non-vested at December 31, 2021 | 1,802,216 |  |  | $ | 5.21 |
Granted | 1,692,417 |  |  | 6.71 |
Vested | (1,028,867) |  |  | 5.11 |
Forfeited | (238,158) |  |  | 6.23 |
Non-vested at December 31, 2022 | 2,227,608 |  |  | $ | 6.27 |
Schedule of Option Fair Value Assumptions | Inputs used in the valuation models are as follows:
| 2022 Grants |  | 2021 Grants |  |
Option value | $5.10 | - | $10.96 |  | $9.29 | - | $11.51 |  |  |  |
Risk-free rate | 1.6% | - | 3.9% |  | 0.6% | - | 0.8% |  |  |  |
Expected dividend yield | —% |  | —% |  |
Expected volatility | 69.6% | - | 78.5% |  | 68.9% | - | 70.8% |  |  |  |
Expected term (in years) | 5 | - | 6 |  | 4.5 | - | 6 |  |  |  |

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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901 + Details
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