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STOCK BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Options Outstanding
The following table summarizes information on stock options outstanding as of December 31, 2023 and 2022 under the Legacy Incentive Plan:

Options OutstandingOptions Vested and Exercisable
Fixed OptionsNumber of OptionsWeighted Average Exercise Price (Per Share)Number of OptionsWeighted Average Remaining Contractual Life (Years)Weighted Average Exercise Price (Per Share)
Outstanding Balance, January 1, 20226,802,437 $0.38 4,628,311 6.79$0.24 
Options exercised(530,666)$0.55 
Options forfeited(61,460)$0.75 
Options cancelled(4,791)$0.75 
Outstanding Balance, June 14, 20226,205,520 
Conversion ratio0.5929 
SpringBig Holdings options3,679,171 
Options exercised(135,090)$0.30 
Options forfeited(149,328)$1.11 
Outstanding Balance, January 1, 20233,394,753 $0.57 3,250,236 5.79$0.54 
Options exercised(727,233)$0.38 
Options forfeited(25,876)$0.82 
Options cancelled(369,750)$0.84 
Outstanding Balance, Dec. 31, 20232,271,894 $0.57 2,244,102 4.76$0.56 
Share-Based Payment Arrangement, Restricted Stock Unit, Activity
The following table summarizes information on Restricted Stock Units outstanding as of December 31, 2023 under the 2022 Incentive Plan:

Restricted Stock Units Outstanding
Number of RSUsWeighted Average Fair Value
(Per Share)
Weighted Average Vesting (Years)
Outstanding Balance, January 1, 2022— 
RSUs granted761,500 $1.97 
RSUs forfeited(36,500)$1.97 
Outstanding Balance, January 1, 2023725,000 $1.97 2.5
RSUs granted1,989,000 $0.56 
RSUs forfeited(276,836)$1.28 
RSUs vested and common stock issued(225,655)$1.97 
Outstanding Balance, December 31, 2023
2,211,509 $0.80 2.2