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STOCKHOLDERS' EQUITY (Tables)
12 Months Ended
Dec. 31, 2021
STOCKHOLDERS' EQUITY  
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

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

%

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

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

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

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