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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of assumptions used to calculate the fair value of option grants
The following table reflects assumptions used to calculate the fair value of time-based stock option grants for the years ended December 31, 2022 and 2021:
December 31,
 20222021
Risk-free interest rate2.84%3.85%1.25%
Dividend yield—%—%
Expected option term (in years)6.06.0
Expected stock price volatility290%294%284%
Schedule of the options activity
The following tables reflects the time-based stock option activity for the year ended December 31, 2022 (dollar amounts in thousands):
 
 SharesWeighted-
Average
Exercise
Price
Weighted-
Average
Remaining
Contractual
Term (years)
Aggregate
Intrinsic Value
(in thousands)
Options outstanding as of December 31, 20212,258,399 $2.69 
Options granted1,048,487 $2.64 
Options exercised(22,631)$1.52 
Options forfeited — $— 
Options expired(13,776)$17.61 
Options outstanding as of December 31, 20223,270,479 $2.62 8.9$8,047 
Options vested and expected as of vest at December 31, 20223,270,479 $2.62 8.9$8,047 
Options exercisable as of December 31, 2022820,543 $4.83 8.3$2,115 
Schedule of restricted stock units and performance-based restricted stock units activity
The following table reflects the time-based RSU activity for the year ended December 31, 2022 (dollar amounts in thousands): 
 Number of
Shares
Weighted
Average
Grant Date
Fair 
Value
Per Share
Weighted
Average
Remaining
Contractual
Term
(in years)
Non-vested restricted stock units as of December 31, 20212,621,603 $3.40  
Granted1,460,515 $2.54  
Vested(1,148,022)$3.53  
Forfeited— $—  
Non-vested restricted stock units as of December 31, 20222,934,096 $2.92 0.9