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STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Dec. 31, 2023

STOCK-BASED COMPENSATION PLANS

Schedule of outstanding and exercisable number of options

​

As of December 31, 2023, 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		2	​	2
2017 Stock Option Plan		347	​	347
Total		349	​	349

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

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 income (in thousands):

​

​	​	​	​	​	​	​
​		For the Years Ended December 31,
​		2023			2022
Cost of Revenue	​	$	34	​	$	47
Sales and marketing expense	​		253	​		191
General, and administrative	​	​	2,009	​	​	2,104
Total stock-based compensation expense	​	$	2,296	​	$	2,342

Schedule 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	​	​		​	​
Exercised		(157)	​	$	0.66	​	​		​	​
Forfeited		(15)	​	$	4.18	​	​		​	​
Outstanding at December 31, 2022		793	​	$	2.67	​	5.03	​	$	8,908
​	​	​	​	​	​	​	​	​	​	​
Granted		—	​	$	—	​	​	​		​
Forfeited	​	(206)	​	$	6.30	​	​	​	​	​
Exercised		(238)	​	$	0.79	​	​	​		​
Outstanding at December 31, 2023		349	​	$	1.82	​	4.12	​	$	3,163
​	​	​	​	​	​	​	​	​	​	​
Exercisable at December 31, 2023		349	​	$	1.82	​	4.12	​	$	3,163

Summary of stock options outstanding under the plans

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Outstanding

Weighted average

​

Remaining

​

​

​

Number of

​

Remaining

​

​

​

​

Exercisable

​

Exercisable

​

Weighted Average

​

​

Options

​

Contractual

​

Weighted Average

​

Number of

​

Contractual

​

Exercisable

Range

​

(in thousands)

​

Life (years)

​

Strike Price

​

Options (in thousands)

​

Life (years)

​

Strike Price

$0 to $2.00

145

​

3.43

​

​

0.43

​

145

​

3.43

​

​

0.43

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

$2.01 to $4.00

198

​

4.59

​

​

2.66

​

198

​

4.59

​

​

2.66

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

$4.01 to $10.00

6

​

5.72

​

​

8.13

​

6

​

5.72

​

​

8.13

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

349

4.12

​

$

1.82

349

4.12

​

$

1.82

Schedule of our unvested stock options

​

​	​	​	​	​	​
​		Non-vested			​
​	​	Shares	​	Weighted
​	​	Under	​	Average
​	​	Option	​	Grant Date
​	​	(in thousands)	​	Fair Value
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
Granted		—	​		—
Vested		(31)	​		3.18
Forfeited		(206)	​		6.30
Non-vested at December 31, 2023		—	​	$	—

Schedule of restricted stock award activity under all equity compensation plans

​

​	​	​	​	​	​
​	​	Number of	​	​
​	​	Shares		Weighted Average
​		(in thousands)		Grant Date Fair Value
Outstanding at December 31, 2021		454	​	$	13.69
Granted		194	​	​	8.52
Forfeited		(165)	​	​	12.90
Vested		(52)	​	​	10.60
Outstanding at December 31, 2022	​	431	​	$	11.92
Granted	​	286	​	​	9.54
Forfeited	​	(13)	​	​	11.13
Vested	​	(202)	​	​	11.56
Outstanding at December 31, 2023		502	​	$	10.73

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