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Share-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Compensation  
Schedule of the activity for stock options issued

    

    

Weighted

Average

Exercise

Stock Options and Stock Appreciation Rights

Shares

Price

Outstanding at December 31, 2023

 

2,647,435

$

3.31

-Cancelled

(10,176)

$

4.54

-Exercised

(39,402)

$

7.24

-Granted (1)

135,603

$

10.85

Outstanding at December 31, 2024

 

2,733,460

$

3.63

-Granted (2)

391,140

$

5.95

Outstanding at March 31, 2025

 

3,124,600

$

3.92

(1)Options to purchase 135,603 shares were granted in 2024, of which options to purchase 111,975 shares vested immediately in 2024 and the remainder vested 50% immediately and 50% one year after the date of the grants.
(2)Options to purchase 391,140 shares were granted in 2025 with cliff vesting on December 31, 2027, subject to achievement of performance-based metrics.
Schedule of weighted average contractual life in years and the weighted average exercise price

The following is the weighted average contractual life in years and the weighted average exercise price at March 31, 2025 of:

    

    

    

Weighted

    

Average

Weighted 

Remaining

Average

    

Number of

    

Contractual

    

Exercise

Options

Life

Price

Options outstanding and vested

 

2,733,460

3.25 years

$

3.63