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STOCK OPTIONS (Tables)

12 Months Ended

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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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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Tabular disclosure of the weighted-average grant-date fair value of equity options or other equity instruments granted during the year.

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