STOCKHOLDERS' EQUITY (Tables)
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12 Months Ended |
Dec. 31, 2021 |
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| STOCKHOLDERS' EQUITY |
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| Schedule Of Share Based Compensation Stock Options Activity |
The summary of the stock option activity for the years ended December 31, 2021, 2020 and 2019 is as follows: | | | | | | | | | | | | | | | Weighted | | | | | Weighted | | Average | | | | | Average | | Remaining | | | | | Exercise | | Contractual | | | Shares | | per Share | | Life (Years) | | | | | | | | | Outstanding January 1, 2019 | | 3,658,462 | | $ | 5.82 | | 7.0 | Granted | | 1,557,300 | | $ | 7.19 | | 9.5 | Forfeited | | (747,671) | | $ | 7.39 | | — | Expired | | (16,320) | | $ | 4.16 | | — | Exercised | | (233,582) | | $ | 4.09 | | — | Outstanding, December 31, 2019 | | 4,218,189 | | $ | 6.16 | | 7.0 | Granted | | 1,579,106 | | $ | 6.37 | | 9.0 | Forfeited | | (34,644) | | $ | 7.50 | | — | Expired | | (226,440) | | $ | 5.60 | | — | Exercised | | (371,007) | | $ | 4.46 | | — | Outstanding, December 31, 2020 | | 5,165,204 | | $ | 6.36 | | 7.26 | Granted | | 2,051,980 | | $ | 8.78 | | 9.30 | Forfeited | | (138,037) | | $ | 6.73 | | — | Expired | | (21,756) | | $ | 7.46 | | — | Exercised | | (171,413) | | $ | 5.73 | | — | Outstanding, December 31, 2021 | | 6,885,978 | | $ | 7.09 | | 7.15 |
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| Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block] |
The fair value of each stock option was estimated using the Black Scholes pricing model which takes the following factors into account. | | | | | | | | | | | | | | | | | | | | | | Current Price | | | | | | | | | | | | | | | of the | | | | | | | | | | | | | | | Underlying | | | | | | | | | | | | | | | Stock and its | | | | | | | | | | Grant Date | | Expected Life | | Expected | | | | | | Risk Free | | | | Exercise Price | | of the Stock | | Volatility | | | Expected | | | Interest Rate | | Year - Ended | | Range | | Option | | Range | | | Dividends | | | Range | | December 31, 2019 | | $ | 3.84 to $8.25 per share | | 10 years | | 61.9% to 74.3 | % | | 0 | % | | 1.40% to 2.61 | % | December 31, 2020 | | $ | 5.00 - $10.58 per share | | 10 years | | 61.7% to 69.8 | % | | 0 | % | | 0.28% to 0.96 | % | December 31, 2021 | | $ | 4.26 - $11.39 per share | | 10 years | | 58.2% to 60.7 | % | | 0 | % | | 0.47% to 1.39 | % |
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| Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range |
In addition, the Company recognizes forfeitures as they occur. The intrinsic value is calculated at the difference between the market value as of December 31, 2021 of $4.19 and the exercise price of the shares. | | | | | | | | | | | Options Outstanding | | | Number | | Weighted | | Weighted | | | | Range of | | Outstanding at | | Average | | Average | | Aggregate | Exercise | | December 31, | | Exercise | | Remaining | | Intrinsic | Price | | 2021 | | Price | | Life (Years) | | Value | $2.65 - $14.50 | | 6,885,978 | | $ | 7.09 | | 7.15 | | $ | 166,383 |
| | | | | | | Options Exercisable | Number | | Weighted | | | | Exercisable at | | Average | | Aggregate | December 31, | | Exercise | | Intrinsic | 2021 | | Price | | Value | 3,891,132 | | $ | 6.45 | | $ | 166,383 |
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| Schedule Of Non vested Share Activity |
The summary of the status of the Company’s non-vested options for the year ended December 31, 2021 is as follows: | | | | | | | | | | Weighted | | | | | Average | | | | | Grant Date | | | Shares | | Fair Value | | | | | | | Non-vested, January 1, 2021 | | 1,998,117 | | $ | 4.12 | Granted | | 2,051,980 | | | 5.26 | Forfeited | | (138,037) | | | 4.05 | Vested | | (917,214) | | | 4.34 | Non-vested, December 31, 2021 | | 2,994,846 | | $ | 4.68 |
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| Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
The following table is a summary of these restricted stock units: | | | | | | | | | | | | | | Board of | | Executive | | Other | | | | | | | Directors | | Management | | Employees | | Total | | Intrinsic Value | December 31, 2018 | | 277,200 | | 724,500 | | 1,002,300 | | 2,004,000 | | | | Granted 2019 | | — | | — | | 264,500 | | 264,500 | | | | Forfeited 2019 | | — | | (120,000) | | (61,750) | | (181,750) | | | | December 31, 2019 | | 277,200 | | 604,500 | | 1,205,050 | | 2,086,750 | | $ | 8,033,988 | Granted 2020 | | — | | 120,000 | | 265,700 | | 385,700 | | | | Forfeited 2020 | | — | | — | | (25,250) | | (25,250) | | | | December 31, 2020 | | 277,200 | | 724,500 | | 1,445,500 | | 2,447,200 | | $ | 19,504,184 | Granted 2021 | | — | | — | | 396,000 | | 396,000 | | | | Forfeited 2021 | | — | | — | | (132,000) | | (132,000) | | | | December 31, 2021 | | 277,200 | | 724,500 | | 1,709,500 | | 2,711,200 | | $ | 11,359,928 |
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| Schedule Of Restricted Stock Unit Activity |
The following table outlines the restricted stock unit activity for the year ended December 31, 2021: | | | | | | | | | | Weighted | | | | | Average | | | | | Grant Date | | | Shares | | Fair Value | Non-vested, January 1, 2021 | | 173,972 | | $ | 6.52 | Granted | | 327,515 | | $ | 8.65 | Vested | | (196,525) | | $ | 7.64 | Non-vested, December 31, 2021 | | 304,962 | | $ | 8.08 |
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