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STOCK-BASED COMPENSATION PLANS (Tables)
6 Months Ended
Jun. 30, 2022
STOCK-BASED COMPENSATION PLANS  
Schedule of outstanding and exercisable number of options

    

Outstanding

    

Exercisable

Number of Options

Number of Options

(in thousands)

(in thousands)

Plan Category

 

  

 

  

2005 Stock Option Plan

 

213

213

Equity compensation plans not approved by shareholders

 

2017 Stock Option Plan

 

603

344

Total

 

816

557

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

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

For the Three Months Ended June 30, 

 

For the Six Months Ended June 30, 

    

2022

    

2021

    

2022

    

2021

Cost of Revenue

$

12

$

15

$

27

$

30

Sales and marketing expense

 

55

 

15

 

114

 

30

General, and administrative

468

371

983

449

Total stock based compensation expense

$

535

$

401

$

1,124

$

509

Summary of fair value of stock options grants

Expected term (years)

    

3.00

Risk-free interest rate

 

2.81

%

Expected volatility

 

73.28

%

Expected dividend yield

 

%

Summary of stock option activity under the option plan

A summary of stock option activity under all equity compensation plans for the six months ended June 30, 2022, is presented below:

Weighted-

Weighted-

Average

Aggregate

Number of 

Average

Remaining

Intrinsic

Shares

Exercise

Contractual

Value

    

(in thousands)

    

Price

    

Term (Years)

    

(in thousands)

Outstanding at December 31, 2021

 

765

$

1.36

4.68

$

5,896

Granted

 

200

$

6.23

 

Forfeited

 

(2)

$

3.21

 

Exercised

(147)

$

0.50

Outstanding at June 30, 2022

 

816

$

2.70

5.59

$

4,318

Exercisable at June 30, 2022

 

557

$

1.27

3.95

$

3,743

Schedule of restricted stock award activity under all equity compensation plans

A summary of restricted stock award activity under all equity compensation plans for the six months ended June 30, 2022, is presented below:

Number of

Weighted

Shares

 

Average Grant

    

(in thousands)

Date Fair Value

Granted but not vested at December 31, 2021

 

454

$

13.69

Granted

 

93

$

6.66

Forfeited

 

(11)

$

6.07

Vested

 

(70)

$

14.32

Granted but not vested at June 30, 2022

 

466

12.22