EQUITY BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2021

Share-based Payment Arrangement [Abstract]

Schedule of Unvested Restricted Common Stock Unit Awards Activity

The Company’s unvested restricted common stock unit awards activity for the nine months ended September 30, 2021 is summarized below:

			Weighted Average
			Grant Date
	RSUs		Fair Value
Unvested at December 31, 2020		-	$	-
Granted		616,920		6.25
Unvested at September 30, 2021		616,920		6.25

Schedule of Stock Options Activity

The Company’s stock options activity for the nine months ended September 30, 2021 is summarized below:

						Weighted Average
				Weighted Average		Remaining		Aggregate
				Exercise Price		Contractual Life		Intrinsic
	Options			Per Share		(in years)		Value
Outstanding at December 31, 2020		-		$	-		-
Granted		753,968			6.07
Exercised		(160,000	)		6.25
Forfeited		(10,888	)		6.25
Outstanding at September 30, 2020		583,080		$	6.01		9.43	$	11,387
Exercisable as of September 30, 2021		257,484		$	5.80		9.64	$	5,083

Schedule of Weighted Average Assumptions Relating to the Valuation of Stock Options

The weighted average assumptions relating to the valuation of stock options granted for the nine months ended September 30, 2021 were as follows:

Weighted Average fair value of grants	$	1.54
Expected volatility		35	%
Expected term (years)		4.5
Risk-free interest rate		0.4	%
Expected dividend yield		0.0	%