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STOCK-BASED COMPENSATION PLANS (Tables)
9 Months Ended
Sep. 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

 

211

211

Equity compensation plans not approved by shareholders

 

2017 Stock Option Plan

 

592

342

Total

 

803

553

Schedule of stock-based compensation expenses recorded in the condensed consolidated statements of operations

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

For the Three Months Ended September 30, 

 

For the Nine Months Ended September 30, 

    

2022

    

2021

    

2022

    

2021

Cost of Revenue

$

13

$

12

$

40

$

42

Sales and marketing expense

 

16

 

48

 

130

 

78

General, and administrative

549

473

1,532

922

Total stock based compensation expense

$

578

$

533

$

1,702

$

1,042

Summary of Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions

Expected term (years)

    

3.00

Risk-free interest rate

 

2.81

%

Expected volatility

 

73.28

%

Expected dividend yield

 

%

Summary of stock option activity under all equity compensation plans

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

 

(11)

$

2.98

 

Exercised

(151)

$

0.57

Outstanding at September, 2022

 

803

$

2.70

5.38

$

5,112

Exercisable at September 30, 2022

 

553

$

1.27

3.76

$

4,314

Schedule of restricted stock award activity under all equity compensation plans

Number of

Weighted

Shares

 

Average Grant

    

(in thousands)

    

Date Fair Value

Granted but not vested at December 31, 2021

 

454

$

13.69

Granted

 

143

$

7.39

Forfeited

 

(43)

$

10.13

Vested

 

(134)

$

13.44

Granted but not vested at September 30, 2022

 

420

$

11.82