EQUITY BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2022

Share-Based Payment Arrangement [Abstract]

Unvested Restricted Common Stock Unit Awards Activity

The Company’s unvested restricted common stock unit awards activity for the year ended December 31, 2022 is summarized below:

	RSUs	Weighted Average Grant Date Fair Value
Unvested at December 31, 2021	516,987	$	6.80
Granted	335,870	$	2.21
Vested	(605,571)	$	4.22
Unvested at December 31, 2022	247,286	$	6.89

Stock Options Activity

The Company’s stock options activity for the year ended December 31, 2022 is summarized below:

	Options	Weighted Average Exercise Price Per Share		Weighted Average Remaining Contractual Life (in years)	Aggregate Intrinsic Value
Outstanding at December 31, 2021	583,080	$	6.01	-
Granted	3,076,842	$	1.32
Exercised	(2,296)	$	6.25
Forfeited	(11,479)	$	6.68
Expired	(4,297)	$	6.83
Outstanding at December 31, 2022	3,641,850	$	2.05	9.5	$	1,056
Exercisable as of December 31, 2022	444,300	$	5.88	8.1	$	8,386

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, 2022 and 2021 were as follows:

	2022			2021
Weighted average exercise price of options granted	$	1.32		$	6.07
Expected volatility	89		%	35		%
Expected term (years)	6.0			4.0
Risk-free interest rate	4.1		%	0.5		%
Expected dividend yield	0.0		%	0.0		%