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STOCK-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

STOCK-BASED COMPENSATION

Schedule of stock options activity

​

​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted
​	​	​	​	Weighted		​	Average
​	​	​	​	Average		​	Remaining
​	​	​	​	Exercise		​	Contractual
​		Shares		per Share			Life (Years)
​	​	​	​	​	​	​	​
Outstanding, December 31, 2022		9,474,824	​	$	4.66		7.36
Granted		2,601,880	​	$	3.43		9.52
Forfeited		(974,555)	​	$	2.96		—
Expired		(467,332)	​	$	5.61		—
Exercised		(86,643)	​	$	2.59		—
Outstanding, December 31, 2023		10,548,174	​	$	4.49	​	7.01
Granted		3,982,846	​	$	0.97		9.32
Forfeited		(1,391,897)	​	$	2.24		—
Expired		(797,209)	​	$	5.34		—
Outstanding, December 31, 2024		12,341,914	​	$	3.55		6.81

Schedule of fair value of each stock option estimated using the Black-Scholes pricing model

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Grant Date

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Expected Life

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Expected

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Risk Free

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Exercise Price

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of the Stock

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Volatility

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Expected

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​

Interest Rate

Year - Ended

Range

Option*

Range

​

Dividends

​

Range

December 31, 2023

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$

1.17 - $3.71 per share

​

6 years

​

70.4% to 75.6

%

​

—

%

​

3.50% to 4.76

%

December 31, 2024

​

$

0.84 - $1.19 per share

​

6 years

​

75.6% to 80.1

%

​

—

%

​

3.60% to 4.65

%

​

*The expected term of the options granted is derived using the “simplified method” which computes expected term as the average of the sum of the vesting term plus the contract term.

Schedule of intrinsic value

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​	​	​	​	​	​	​	​	​	​	​
Options Outstanding
​	​	Number	​	Weighted		​	Weighted	​	​	​
Range of	​	Outstanding at	​	Average		​	Average	​	Aggregate
Exercise	​	December 31,	​	Exercise		​	Remaining	​	Intrinsic
Price		2024		Price			Life (Years)		Value
$0.84 - $13.20		12,341,914	​	$	3.55	​	6.81	​	$	1,000

​

​	​	​	​	​	​	​
Options Exercisable
Number	​	Weighted		​		​
Exercisable at	​	Average		​	Aggregate
December 31,	​	Exercise		​	Intrinsic
2024		Price			Value
6,107,366	​	$	5.46	​	$	—

Schedule of company's non-vested options

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​	​	​	​	​	​
​	​	​	​	Weighted
​	​	​	​	Average
​	​	​	​	Grant Date
​		Shares		Fair Value
​	​	​	​	​	​
Non-vested, January 1, 2024		5,205,736	​	$	1.89
Granted		3,982,846	​	​	0.68
Forfeited		(1,391,897)	​	​	1.52
Vested		(1,562,137)	​	​	2.26
Non-vested, December 31, 2024		6,234,550	​	$	1.09

​

​	​	​	​	​	​
​	​	​	​	Weighted
​	​	​	​	Average
​	​	​	​	Grant Date
​		Shares		Fair Value
​	​	​	​	​	​
Non-vested, January 1, 2023		4,851,739	​	$	1.84
Granted		2,601,880	​		2.35
Forfeited		(974,555)	​		1.95
Vested		(1,273,328)	​		2.59
Non-vested, December 31, 2023		5,205,736	​	$	1.89

Schedule of outstanding balance of restricted stock units

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​	​	​	​	​	​
​		Total		Intrinsic Value
December 31, 2022		2,890,500	​	$	4,480,275
Granted 2023	​	394,000	​	​	—
Forfeited 2023	​	(461,000)	​	​	—
December 31, 2023	​	2,823,500	​	$	3,134,085
Granted 2024		331,250	​		—
Forfeited 2024		(345,250)	​		—
December 31, 2024		2,809,500	​	$	2,556,645

Schedule of the restricted stock unit activity

​

​	​	​	​	​	​
​	​	​	​	Weighted
​	​	​	​	Average
​	​	​	​	Grant Date
​		Shares		Fair Value
Non-vested, January 1, 2024		430,505	​	$	3.31
Granted		548,000	​	$	0.96
Forfeited		(40,000)	​	$	3.73
Vested		(297,169)	​	$	3.23
Non-vested, December 31, 2024		641,336	​	$	1.31

​

​	​	​	​	​	​
​	​	​	​	Weighted
​	​	​	​	Average
​	​	​	​	Grant Date
​		Shares		Fair Value
Non-vested, January 1, 2023		312,092	​	$	4.42
Granted	​	385,000	​	$	3.23
Forfeited		(62,500)	​	$	3.57
Vested	​	(204,087)	​	$	4.79
Non-vested, December 31, 2023	​	430,505	​	$	3.31

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