SHARE BASED PAYMENTS (Tables)

6 Months Ended

Jun. 30, 2022

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of assumptions

The following table summarizes assumptions used for the Black-Scholes model at the grant date:

Risk-free interest rate		1.78	%
Common share price	$	5.00
Expected dividend yield		—
Expected term (in years)		5
Expected volatility		99	%

Schedule of stock option activity

			Weighted
	Number of	Weighted average	average	Aggregated
	shares under	Exercise price per	remaining	Intrinsic value
	option	Option	life	(in thousands)
Balance, December 31, 2021	226,590	3.05	9.07	492
Granted	70,000	7.02
Exercised	—	—
Forfeited	—	—
Outstanding – June 30, 2022	296,590	3.99	9.22	2,138
Exercisable – June 30, 2022	9,750	3.05	9.00
Vested or Expected to vest – June 30, 2022	296,590	3.99	9.22	2,138

Schedule of RSU activity

	Number of	Weighted	Weighted average	Aggregated
	shares under	average grant	contractual term	Intrinsic value
	option	date fair value	(in years)	(in thousands)
Balance, December 31, 2021	47,580	2.49	2.72	114
Granted	284,000	5.57
Vested	—	—
Outstanding – June 30, 2022	331,580	5.13	2.67	3,714
Vested or Expected to vest – June 30, 2022	331,580	5.13	2.67	3,714

2021 Global Equity Incentive Plan

Share-based Compensation Arrangement by Share-based Payment Award [Line Items]

Schedule of assumptions

The following table summarizes assumptions used for the Black-Scholes model at the grant date:

Risk-free interest rate		2.39	%
Common share price	$	7.02
Expected dividend yield		—
Expected term (in years)		10
Expected volatility		89	%