EQUITY BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Schedule of Unvested Restricted Common Stock Unit Awards Activity

The Company’s unvested restricted common stock unit awards activity for the year ended December 31, 2021 is summarized below:

				Weighted Average
				Grant Date
	RSUs			Fair Value
Unvested at December 31, 2020		-		$	-
Granted		631,920			6.70
Vested		(114,933	)		6.25
Unvested at December 31, 2021		516,987		$	6.80

Schedule of Stock Options Activity

The Company’s stock options activity for the year ended December 31, 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 December 31, 2021		583,080		$	6.01		9.2	$	5,854
Exercisable as of December 31, 2021		257,484		$	5.80		9.1	$	2,639

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 year ended December 31, 2021 were as follows:

Weighted average fair value of grants	$	1.55
Expected volatility		35	%
Expected term (years)		4.0
Risk-free interest rate		0.5	%
Expected dividend yield		0.0	%