STOCK PLANS (Tables)

3 Months Ended

Mar. 31, 2023

STOCK PLANS [Abstract]

Stock Option Activity

The following table presents the activity related to stock options for the three months ended March 31, 2023:

	Number of Shares			Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Term (in years)
Options outstanding at Beginning of Period		684,837		$	8.41
Granted		—			—
Expired		—			—
Cancelled / Forfeited		—			—
Exercised		(21,159	)		3.83
Options outstanding at End of Period		663,678			8.56	$	299,238		5.20
Exercisable (vested) at End of Period		578,314		$	8.39	$	299,238		4.83

Activity Related to Restricted Stock

The following table presents the activity related to non-vested restricted stock for the three months ended March 31, 2023:

	Number of Shares			Weighted Average Grant-Date Fair Value			Aggregate Intrinsic Value	Weighted Average Remaining Contractual Term (in years)
Non-vested Restricted stock outstanding at Beginning of Period		248,418		$	9.34
Granted		75,851			8.52
Cancelled/Forfeited		—			—
Exercised/Released/Vested		(50,296	)		8.96
Non-vested restricted stock outstanding at End of Period		273,973		$	9.18	$	2,024,660		3.13

Weighted Average Assumptions Used in Valuing ESPP

A summary of the weighted average assumptions used in valuing ESPP issuances during the three months ended March 31, 2023 is presented below:

	Three Months Ended March 31, 2023
Risk Free Interest Rate		4.75	%
Expected Dividend Yield		0.00	%
Expected Life in Years		1.00
Expected Price Volatility		16.58	%