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STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Dec. 31, 2022
STOCK-BASED COMPENSATION PLANS |
Schedule of outstanding and exercisable number of options | As of December 31, 2022, the Company had the following stock options outstanding and exercisable: ​
​ | ​ | ​ | ​ | ​ | ​
​ |  | Outstanding Number of Options |  | Exercisable Number of Options
​ | ​ | (in thousands) | ​ | (in thousands)
Plan Category |  |  |  | ​ |
2005 Stock Option Plan |  | 211 |  | ​ | 211
2017 Stock Option Plan |  | 582 |  | ​ | 346
Total |  | 793 | ​ | ​ | 557
​
Summary of Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions | During the year ended December 31, 2022, 0.2 million performance based stock option awards were granted under the 2017 Stock Plan. During the year ended December 31, 2021, no stock option awards were granted under the 2017 Stock Plan. The Company used the Black Scholes option pricing model to determine the fair value of stock option grants, using the following assumptions during the year ended December 31, 2022. ​
​ | ​ | ​ | ​
Weighted average expected term |  | 3 years |
Weighted average volatility |  | 73 | %
Weighted average risk-free interest rate |  | 2.81 | %
Dividend yield |  | 0 | %
​
Schedule of stock-based compensation expenses recorded in the condensed consolidated statements of operations | The following table summarizes stock-based compensation expenses recorded in the condensed consolidated statements of operations (in thousands): ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | For the Years Ended December 31,
​ | ​ | 2022 |  | 2021
Cost of Revenue | ​ | $ | 47 | ​ | $ | 56
Sales and marketing expense | ​ |  | 2,104 | ​ |  | 155
General, and administrative | ​ | ​ | 191 | ​ | ​ | 1,419
Total stock based compensation expense | ​ | $ | 2,342 | ​ | $ | 1,630
​
Summary of stock option activity under all equity compensation plans | A combined summary of stock option activity for all plans for the years ended December 31, 2022 and 2021 is presented below: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted | ​ | ​ | ​
​ | ​ | ​ | ​ | Weighted | ​ | Average | ​ | Aggregate
​ | ​ | Number of | ​ | Average | ​ | Remaining | ​ | Intrinsic
​ | ​ | Shares | ​ | Strike | ​ | Contractual | ​ | Value
​ |  | (in thousands) |  | Price |  | Life (Years) |  | (in thousands)
Outstanding at December 31, 2020 |  | 1,107 | ​ | $ | 2.76 | ​ | ​ |  | ​ | ​
Granted |  | — | ​ | $ | — | ​ | ​ |  | ​ | ​
Exercised |  | (116) | ​ | $ | 4.87 | ​ | ​ |  | ​ | ​
Forfeited |  | (226) | ​ | $ | 6.45 | ​ | ​ |  | ​ | ​
Outstanding at December 31, 2021 |  | 765 | ​ | $ | 1.36 | ​ | 4.68 | ​ | $ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Granted |  | 200 | ​ | $ | 6.23 | ​ | ​ | ​ |  | ​
Exercised | ​ | (157) | ​ | $ | 0.66 | ​ | ​ | ​ | ​ | ​
Forfeited |  | (15) | ​ | $ | 4.18 | ​ | ​ | ​ |  | ​
Outstanding at December 31, 2022 |  | 793 | ​ | $ | 2.67 | ​ | 5.03 | ​ | $ | ​
Exercisable at December 31, 2022 |  | 557 | ​ | $ | 1.31 | ​ | 3.40 | ​ | $ | ​
Summary of stock options outstanding under the plans | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Outstanding | ​ | Weighted average | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of | ​ | Remaining | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Weighted Average
​ | ​ | Options | ​ | Contractual | ​ | Weighted Average | ​ | Exercisable Number of | ​ | Remaining Exercisable | ​ | Exercisable
Range |  | (in thousands) |  | Life (years) |  | Strike Price |  | Options (in thousands) |  | Contractual Life (years) |  | Strike Price
$0 to $2.00 |  | 354 |  | 2.31 | ​ | $ | 0.30 |  | 354 |  | 2.31 | ​ | $ | 0.30
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
$2.01 to $4.00 |  | 217 |  | 5.56 | ​ | $ | 2.69 |  | 187 |  | 5.48 | ​ | $ | 2.65
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
$4.01 to $10.00 |  | 222 |  | 8.86 | ​ | $ | 6.45 |  | 15 |  | 3.23 | ​ | $ | 8.33
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | 793 |  | 5.03 | ​ | $ | 2.67 |  | 557 |  | 3.40 | ​ | $ | 1.31
​
Schedule of our unvested stock options | A summary of our unvested stock options as of December 31, 2022 and 2021 and related activity is presented below:
​ | ​ | ​ | ​ | ​ | ​
​ |  | Non-vested |  | ​ | ​
​ | ​ | Shares | ​ | Weighted
​ | ​ | Under | ​ | Average
​ | ​ | Option | ​ | Grant Date
​ | ​ | (in thousands) | ​ | Fair Value
Non-vested at December 31, 2020 |  | 474 | ​ | $ | 4.35
Granted |  | — | ​ |  | —
Vested |  | (167) | ​ |  | 1.93
Forfeited |  | (212) | ​ |  | 6.48
Non-vested at December 31, 2021 |  | 95 | ​ | $ | 3.85
Granted |  | 200 | ​ |  | 6.23
Vested |  | (49) | ​ |  | 4.12
Forfeited |  | (9) | ​ |  | 5.49
Non-vested at December 31, 2022 |  | 237 | ​ | $ | 5.90
​
Schedule of restricted stock award activity under all equity compensation plans | A summary of restricted stock award activity under the 2017 Stock Plan for the years ended December 2022 and 2021 are presented below: ​
​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Number of Shares |  | Weighted Average
​ |  | (in thousands) |  | Grant Date Fair Value
Outstanding at December 31, 2020 |  | 295 | ​ | $ | 11.53
Granted | ​ | 381 | ​ | $ | 14.15
Vested |  | (119) | ​ | $ | 10.92
Forfeited |  | (103) | ​ | $ | 12.40
Outstanding at December 31, 2021 |  | 454 | ​ | $ | 13.69
Granted |  | 186 | ​ | $ | 8.52
Vested |  | (165) | ​ | $ | 12.90
Forfeited | ​ | (52) | ​ | $ | 10.60
Outstanding at December 31, 2022 |  | 423 | ​ | $ | 11.94
​

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