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STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2022
Share-based Payment Arrangement [Abstract]  
Summary of stock options and stock awards
Stock option activity is summarized as follows:
Number of optionsWeighted average exercise price
Outstanding at December 31, 2021
5,397,691 $5.95 
Granted1,478,419 10.96 
Exercised(65,840)5.96 
Canceled and forfeited(14,526)10.23 
Outstanding at March 31, 2022
6,795,744 $7.03 
Schedule of option fair value assumptions The Company calculated the grant date fair value of options granted in 2022 ("2022 Grants") utilizing a Black Scholes model.
2022 Grants
Strike price$10.96
Risk-free rate1.6%
Expected dividend yield—
Expected volatility69.6%
Expected term (in years)6