Quarterly report pursuant to Section 13 or 15(d)

STOCK-BASED COMPENSATION (Tables)

v3.21.2
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF STOCK OPTIONS ACTIVITY

The following table summarizes the activity relating to the Company’s stock options for the six-month period ended June 30, 2021:

 

    Options    

Weighted- Average

Exercise Price

    Weighted-Average Remaining Contractual Terms   Aggregate Intrinsic Value  
                       
Outstanding at beginning of year     3,624     $ 5.85              
Granted     120       7.77              
Exercised     (141 )     5.58              
Forfeited or expired     (62 )     6.04              
                             
Outstanding at end of period     3,541     $ 5.92     7.8 years   $ 2,584  
                             
Exercisable at end of period     1,276     $ 5.66     6.4 years   $ 1,218  
SCHEDULE OF FAIR VALUE STOCK OPTION ASSUMPTIONS

The fair value of each option grant on the date of grant is estimated using the Black-Scholes option-pricing model reflecting the following weighted-average assumptions:

 

    June 30,  
    2020     2021  
             
Expected volatility     44.7 %     50.2 %
Expected life of options (in years)     6       7  
Risk free interest rate     1.17 %     0.69 %
Dividend yield     0 %     0 %
Weighted-average fair value of options granted during year   $ 2.58     $ 3.81  
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

The Company grants restricted stock to employees, whereby the employees are contractually restricted from transferring the shares until they are vested. The stock is unvested at the time of grant and, upon vesting, there are no legal restrictions on the stock. The fair value of each share is based on the Company’s closing stock price on the date of the grant. A summary of all non-vested restricted stock for the six-month period ended June 30, 2021 is as follows: 

 

   

Number of

Non-Vested

Shares

   

Weighted-Average

Grant Date

Fair Value

 
             
Restricted stock, non-vested, beginning of year     806     $ 5.54  
Granted     416       7.67  
Vested     (129 )     6.94  
Forfeited or expired     (23 )     5.40  
                 
Restricted stock, non-vested, end of period     1,070     $ 6.20  
Restricted Stock Units (RSUs) [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
SCHEDULE OF NON-VESTED RESTRICTED STOCK ACTIVITY

The Company also grants restricted stock units (RSUs) to employees. The following table summarizes the activity relating to the Company’s restricted stock units for the six-month period ended June 30, 2021: 

 

   

Number of

Restricted

Stock Units

   

Weighted-Average

Grant Date

Fair Value

 
             
Restricted stock units, non-vested, beginning of year     75     $ 5.60  
Granted     -       -  
Vested     (34 )     5.60  
Forfeited     (4 )     5.60  
                 
 Restricted stock units, non-vested, end of period     37     $ 5.60