SHARE-BASED COMPENSATION (Tables)

6 Months Ended

Jun. 30, 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 program	Weighted average share price		Number of shares  (In thousands)
Options outstanding, January 1, 2020	$	8.29	453
Granted	$	8.29	536
Exercised	—		—
Forfeited, expired and cancelled	—		—
Options outstanding, December 31, 2020	$	8.29	989
Granted	36.91		377
Exercised	—		—
Forfeited, expired and cancelled	(11.16)		(180)
Options outstanding, December 31, 2021	$	21.88	1,186
Options exercisable, December 31, 2021			462

Employee share based option program	Weighted average Grant Date Fair Value		Number of shares  (In thousands)
Non-vested, January 1, 2020	$	10.28	453
Granted	$	10.28	536
Exercised	—		—
Forfeited, expired and cancelled	—		—
Non-vested, December 31, 2020	$	10.28	989
Granted	16.80		377
Forfeited, expired and cancelled	3.87		(180)
Vested	6.85		(462)
Options outstanding, December 31, 2021	$	13.81	724

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, 2021			December 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)	3.51			3.51
Weighted average contractual life (years)	3.76			3.50
Weighted average fair value of options granted	$	16.80		$	16.02
Weighted average exercise price - minimum	$	18.12		$	11.05
Weighted average exercise price - maximum	$	55.25		$	30.39
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

The earnout liabilities are determined using the monte carlo model, a Level 3 valuation. The significant inputs to the earnout liabilities and private warrant valuations are as follows:

	June 30, 2022
	Earnout Liabilities
Trigger price	$12.50 to $15.00
Stock price	$5.90 to $8.66
Volatility	90	%
Time to maturity	2 years
Risk-free rate	3	%
Dividend yield	—