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STOCK-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 2022

Share-Based Payment Arrangement [Abstract]

Schedule of Share-Based Compensation Expense

The following is a summary of the Company’s share-based compensation expense related to stock options during the reporting periods shown below:

						For the three months ended						For the six months ended
						June 30,
(in ‘000 USD)						2021						2021
Total Stock Compensation Expense						$	315					$	630

The following is a summary of the Company’s share-based compensation expense related to RSUs during the reporting periods shown below:

						For the three months ended						For the six months ended
						June 30,
(in ‘000 USD)						2022						2022
Total Stock Compensation Expense						$	2,501					4,551

Schedule Of RSU Activity

The following table summarizes RSU activity during the reporting periods shown below:

						Number of Awards outstanding  (in Thousands)						Weighted- Average grant date fair value (per share)						Aggregate Intrinsic Value (in Thousands)
Unvested RSUs at December 31, 2021						—						$	—					—
Granted						5,690						6.28						35,731
Vested						—						—						—
Forfeited and canceled						(158)						6.97						(1,104)
Unvested RSUs at June 30, 2022						5,532												34,627

Schedule of Significant Inputs used in Valuation of RSU

Significant inputs used in our valuation of these RSUs included the following:

						For the three months ended						For the six months ended
						June 30,
						2022						2022
Expected volatility						57.1%-75.2%						57.1%-75.2%
Risk-free interest rate						1.37%-2.09%						1.37%-2.09%

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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- Definition

Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)(1)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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- Definition

Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (f)(2)
-URI https://asc.fasb.org/extlink&oid=128089324&loc=d3e5070-113901

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