EQUITY-BASED INCENTIVE PLANS (Tables)

3 Months Ended

Mar. 31, 2022

The following table summarizes stock option activity for the Plans:


	Options		Weighted Average Exercise Price		Aggregate Intrinsic Value		Weighted Average Remaining Contractual Life
					(In thousands)




Outstanding at December 31, 2021	555,417		$	5.61	$	71	7.3 years
Granted	1,155,000		$	3.61	$	—
Exercised	—		$	—	$	—
Forfeited/Expired	(30,000)		$	5.75	$	—
Outstanding at March 31, 2022	1,680,417		$	4.24	$	1,080	9.2 years
Exercisable at March 31, 2022	131,667		$	4.90	$	45	1.9 years
Vested and expected to vest at March 31, 2022	1,680,417		$	4.24	$	1,080	9.2 years
Unrecognized stock-based compensation expense at March 31, 2022 (in thousands)	$	1,859
Weighted average remaining vesting period at March 31, 2022	2.9 years

The following table summarizes nonvested restricted stock activity for the Plans:


	RSAs				RSUs
	Shares		Weighted Average Grant Date Fair Value		Units		Weighted Average Grant Date Fair Value





Nonvested at December 31, 2021	517,569		$	4.74	1,014,166		$	3.73
Granted	296,000		$	3.62	605,000		$	3.58
Vested	(62,501)		$	5.21	(15,000)		$	6.11
Forfeited	(3,333)		$	5.54	(3,000)		$	5.84
Nonvested at March 31, 2022	747,735		$	4.25	1,601,166		$	3.64
Unrecognized stock-based compensation expense at March 31, 2022 (in thousands)	$	2,451			$	4,456
Weighted average remaining vesting period at March 31, 2022	2.1 years				2.5 years

Compensation expense for share-based awards recognized in general and administrative expenses was comprised of the following:


	Three Months Ended March 31,
	2022		2021
	(In thousands)
Options	$	132	$	7
RSAs	528		312
RSUs	514		131
Total compensation expense for share-based awards	$	1,174	$	450