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SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Activity The following table represents stock option activity for the years ended December 31, 2021 and 2020, respectively:
Employee share based option programWeighted average share priceNumber of shares
 (In thousands)
Options outstanding, January 1, 2020$0.75 5,000 
Granted$0.75 5,930 
Exercised— — 
Forfeited, expired and cancelled— — 
Options outstanding, December 31, 2020$0.75 10,930 
Granted3.34 4,165 
Exercised— — 
Forfeited, expired and cancelled(1.01)(1,985)
Options outstanding, December 31, 2021$1.98 13,110 
Options exercisable, December 31, 20215,115 
Employee share based option programWeighted average Grant Date Fair ValueNumber of shares
 (In thousands)
Non-vested, January 1, 2020$0.93 5,000 
Granted$0.93 5,930 
Exercised— — 
Forfeited, expired and cancelled— — 
Non-vested, December 31, 2020$0.93 10,930 
Granted1.52 4,165 
Forfeited, expired and cancelled0.35 (1,985)
Vested0.62 (5,115)
Options outstanding, December 31, 2021$1.25 7,995 
Schedule of Fair Value Inputs for Share-Based Compensation
The assumptions used in the Black-Scholes option pricing model, along with the certain other information regarding share-based compensation awards is as follows:
December 31, 2021December 31, 2020
Expected volatility (%)66.00 %45.40 %
Expected dividend growth rate (%)0.00 %0.00 %
Risk-free interest rate (%)0.87 %0.90 %
Expected term (years)3.513.51
Weighted average contractual life (years)3.763.50
Weighted average fair value of options granted$1.52 $1.45 
Weighted average exercise price - minimum$1.64 $1.00 
Weighted average exercise price - maximum$5.00 $2.75 
Aggregate intrinsic value of stock options outstanding$3,047 $27,682 
Compensation cost to be recognized for unvested options$8,505 $5,564 
Shareholder compensation expense$2,565 $996