Annual report [Section 13 and 15(d), not S-K Item 405]

Accounting for Share-Based Payments (Tables)

v3.25.0.1
Accounting for Share-Based Payments (Tables)
12 Months Ended
Dec. 31, 2024
Share-Based Payment Arrangement [Abstract]  
Schedule of Activity in the Company’s Stock Option Plans
Transactions related to stock options for the year ended December 31, 2024 are summarized as follows:
Weighted
Average
Exercise
Price
Options
Outstanding
Weighted
Average
Contractual
Term
(in years)
Intrinsic
Value of
Options
Outstanding at December 31, 2023 $ 13.65  106,197  4.8 $ — 
Exercised —  — 
Canceled, forfeited, or expired 14.76  (8,109)
Outstanding at December 31, 2024 $ 13.56  98,088  4.2 $ — 
Vested and expected to vest at December 31, 2024 $ —  —  $ — 
Exercisable options $ 13.56  98,088  4.2 $ — 
Schedule of Stock Awards Plan Activity
Transactions related to restricted stock awards for the year ended December 31, 2024 are summarized as follows:
Shares Weighted Average
Grant Date Fair Value
Nonvested at December 31, 2023 68,207  $ 12.57 
Granted 20,061  9.97 
Vested (37,584) 15.60 
Forfeited (20,819) 9.01 
Nonvested at December 31, 2024 29,865  $ 9.49 
Transactions related to inducement stock awards as of December 31, 2024 were as follows:
Units Weighted-Average Grant Date Fair Value
Outstanding December 31, 2023 4,902  $ 10.21 
Vested (4,902) 2.61 
Forfeited/Canceled —  $ — 
Outstanding December 31, 2024 —  $ — 
Schedule of Nonvested Performance- based Units Activity
The performance stock units are divided into tranches, each one vesting on the date the thirty-day volume-weighted average price of the Company's common stock `meets or exceeds the price target as set forth in the table below:
Shares Volume Weighted Average Price Target
Tranche I 11,590  $ 13.00 
Tranche II 11,589  16.00 
Tranche III 11,588  19.00 
Tranche IV 50,000  25.00 
Tranche V 40,000  27.50 
Tranche VI 30,000  30.00 
Tranche VII 30,000  $ 35.00 
Transactions related to performance stock units for the year ended December 31, 2024 were as follows:
Units Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2023 324,635  $ 2.16 
Granted 20,061  2.61 
Forfeited (159,929) 0.61 
Outstanding at December 31, 2024 184,767  $ 3.49