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Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Stock Options and Stock Appreciation Rights Award Activity

The following table presents certain information related to the activity of our non-vested stock option grants:

			Number of Stock Options						Weighted Average Exercise Prices						Weighted Average Remaining Contractual Term (years)						Aggregate Intrinsic Value (3)
Outstanding as of December 31, 2023(1)			1,028,760						$	3.83					7.80						$	6,151,000
Granted			—						—						—						—
Less: Forfeited			—						—						—						—
Less: Expired			—						—						—						—
Less: Exercised			—						—						—						—
Outstanding as of March 31, 2024			1,028,760						$	3.83					7.55						$	7,368,000
Vested as of March 31, 2024(2)			920,818						$	4.78					7.31						$	3,736,000
Exercisable as of March 31, 2024			580,568						$	4.78					7.31						$	3,736,000

(1) Contingent options granted during 2023 have been excluded from the calculations above.

(2) The vested shares are calculated based on all vested shares at March 31, 2024, inclusive of those that have since expired. The weighted average exercise prices, weighted-average remaining contractual term and aggregate intrinsic value is calculated based on only vested shares that are outstanding and exercisable at March 31, 2024.

(3) Presented in ones.

Schedule of Nonvested Share Activity

The following table presents certain information related to the activity of our non-vested restricted common stock grants:

			Number of Restricted Shares						Weighted Average Grant Date Fair Value
Outstanding as of December 31, 2023(1)			445,646						$	2.64
Granted			30,000						9.46
Less: Forfeited			856						3.59
Less: Vested			32,233						4.36
Outstanding as of March 31, 2024			442,557						$	2.98

Share-based Payment Arrangement, Activity

The following table presents our total stock-based compensation expense:

												Three Months Ended March 31,
																		2024						2023
Employee stock-based compensation expense
Pre-tax																		$	369					$	309
Post-tax (1)																		292						244
Director stock-based compensation expense
Pre-tax																		59						26
Post-tax (1)																		47						21

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The following weighted-average assumptions were used to value the stock options granted:

			2024						2023
Expected annual dividend yield			—		%				—		%
Expected volatility			—		%				80.84		%
Risk-free interest rate			—		%				3.44		%
Expected term			N/A						6 years

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Tabular disclosure of the changes in outstanding nonvested shares.

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Tabular disclosure of activity for award under share-based payment arrangement. Includes, but is not limited to, outstanding award at beginning and end of year, granted, exercised, forfeited, and weighted-average grant date fair value.

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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

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