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STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2020

STOCK-BASED COMPENSATION PLANS

Schedule of outstanding and exercisable number of options

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​	​	​	​	​	​
​		Outstanding Number of Options		Exercisable Number of Options
​	​	(in thousands)	​	(in thousands)
Plan Category				​
2005 Stock Option Plan		299		​	299
Equity Compensation Plans not approved by  Shareholders		37		​	25
2017 Stock Option Plan		670		​	251
Total		1,006	​	$	575

Summary of fair value of stock options grants

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​	​	​	​	​	​
​		2020		2019
Weighted average expected term		6.79 years		6.25 years	​
Weighted average volatility		117	%	122	%
Weighted average risk-free interest rate		1.59	%	2.30	%
Dividend yield		0	%	0	%

Schedule of share based compensation expenses recorded in the consolidated statement of income

The following table summarizes stock-based compensation expenses recorded in the condensed consolidated statements of operations (in thousands):

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​	​	​	​	​	​	​	​
​	​	​	For the Years Ended December 31,
​		​	2020			2019
Cost of Revenue	​	​	$	37	​	$	21
Sales and marketing expense	​	​		424	​		205
General, and administrative	​	​	​	2,220	​	​	594
Total stock based compensation expense	​	​	​	2,681	​	​	820

​

Summary of stock option activity under the option plan

A combined summary of stock option activity for all plans for the years ended December 31, 2020 and 2019 is presented below:

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​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	​	​	​	Weighted	​	​	​
​	​	​	​	Weighted		​	Average	​	Aggregate
​	​	Number of	​	Average		​	Remaining	​	Intrinsic
​	​	Shares	​	Strike		​	Contractual	​	Value
​		(in thousands)		Price			Life (Years)		(in thousands)
Outstanding at December 31, 2018		1,885	​	$	0.80	​	​		​	​
Granted		653	​	$	5.81	​	​		​	​
Exercised		(503)	​	$	0.44	​	​		​	​
Expired	​	(6)	​	$	1.00	​	​	​	​	​
Forfeited		(174)	​	$	2.64	​	​		​	​
Outstanding at December 31, 2019		1,855	​	$	2.48	​	6.42	​	$	10,032
​	​	​	​	​	​	​	​	​	​	​
Outstanding at December 31, 2019		1,855	​	$	2.48	​	​	​	​	​
Granted		14	​	$	10.15	​	​	​		​
Exercised		(622)	​	$	0.90	​	​	​		​
Forfeited	​	(241)	​	$	4.68	​	​	​	​	​
Outstanding at December 31, 2020		1,006	​	$	3.04	​	6.47	​	$	10,483
​	​	​	​	​	​	​	​	​	​	​
Exercisable at December 31, 2020		575	​	$	1.62	​	5.35	​	$	6,807

Summary of stock options outstanding under the plans

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Outstanding

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Weighted average

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Number of

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Remaining

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Weighted Average

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Options

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Contractual

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Weighted Average

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Exercisable Number of

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Remaining Exercisable

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Exercisable

Range

(in thousands)

Life (years)

Strike Price

Options (in thousands)

Contractual Life (years)

Strike Price

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​

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$0 to $2.00

473

4.60

​

$

0.35

401

4.28

​

$

0.33

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​

​

​

​

​

​

​

​

​

​

​

​

​

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$2.01 to $4.00

270

7.66

​

$

3.05

116

7.43

​

$

2.87

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​

​

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​

​

​

​

​

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$4.01 to $6.00

19

8.25

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$

4.45

—

—

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$

—

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$6.01 to $8.00

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200

​

8.56

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$

7.87

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50

​

8.56

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$

7.87

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​

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$8.01 to $10.00

41

8.92

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$

9.22

8

8.86

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$

8.98

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​

​

​

​

​

​

​

​

​

​

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$10.01 to $12.00

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3

​

9.04

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$

10.60

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—

​

—

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$

—

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​

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​

​

​

​

​

​

​

1,006

6.47

​

$

3.04

575

5.35

​

$

1.62

Schedule of restricted stock award activity under all equity compensation plans

A summary of our unvested stock options as of December 31, 2020 and 2019 and related activity is presented below:

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​	​	​	​	​	​
​	​	Non-vested	​	​	​
​	​	Shares	​	Weighted
​	​	Under	​	Average
​	​	Option	​	Grant Date
​		(in thousands)		Fair Value
Non-vested at December 31, 2018		569	​	$	1.44
Granted		653	​	$	5.12
Vested		(169)	​	$	1.24
Forfeited		(163)	​	$	2.44
Non-vested at December 31, 2019		890	​	$	4.03
Non-vested at December 31, 2019		890	​	$	4.03
Granted		14	​	$	8.88
Vested		(251)	​	$	3.34
Forfeited		(222)	​	$	4.36
Non-vested at December 31, 2020		431	​	$	4.35

​

A summary of restricted stock award activity under the 2017 Stock Plan for the years ended December 2020 and 2019 are presented below:

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​	​	​	​	​	​
​	​	Number of Shares		Weighted Average
​		(in thousands)		Grant Date Fair Value
Outstanding at December 31, 2018		76	​	$	3.19
Granted		55	​	$	8.10
Vested		(29)	​	$	3.24
Outstanding at December 31, 2019		102	​	$	5.81
​	​	​	​	​	​
Outstanding at December 31, 2019		102	​	$	5.81
Granted		320	​	$	12.92
Vested		(154)	​	$	8.54
Outstanding at December 31, 2020		268	​	$	12.64

​

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Tabular disclosure of the changes in outstanding nonvested restricted stock shares.

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