SHAREHOLDERS' EQUITY AND PRIVATE WARRANT LIABILITY (Tables)

6 Months Ended

Jun. 30, 2024

The change in unvested RSUs and PBRSUs awarded is shown below:


	Restricted Stock Units			Performance-Based Restricted Stock Units
	Number of RSUs	Weighted-Average Grant-Date Fair Value Per RSU		Number of RSUs	Weighted-Average Grant-Date Fair Value Per RSU
Balance as of 12/31/2023	445,106	$	6.47	495,000	$	2.99
Granted *	330,250	$	2.02	615,000	$	2.25
Vested	(171,713)	$	5.84	—	$	—
Forfeited *	(49,909)	$	4.09	(320,000)	$	6.70
Balance as of 6/30/2024	553,734	$	4.23	790,000	$	0.91

*- Includes 193,333 PBRSUs that were granted in 2021, that were cancelled and simultaneously reissued, which qualifies as a modification, specifically, an improbable-to-probable modification (Type III), which includes a $1.3 million reversal of the recognized expense. The modified awards fair value of $2.02 is used to determine stock based compensation expense over the term of the awards. Also includes, 96,667 PBRSUs that were granted in 2021, that have market capitalization goals that were cancelled and subsequently reissued, which qualifies as a modification. The modification increased the fair value of the awards from $3.46 per share to $4.87 per share, and the incremental stock based compensation expenses is recorded over the new term of the awards.