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Shareholders' Equity and Share Based Compensation | 9 Months Ended
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Sep. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Shareholders' Equity and Share Based Compensation | 12. SHAREHOLDERS’ EQUITY AND SHARE-BASED COMPENSATION Share-based compensation expense was $875 and $3,476 for the three and nine months ended September 30, 2024, respectively, and $747 and $3,135 for the three and nine months ended September 30, 2023, respectively. Stock option activity for the nine months ended September 30, 2024 was as follows:
|  | Number of Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (years) |  |  | Aggregate Intrinsic Value |
Outstanding at January 1, 2024 |  |  | 6,946,576 |  |  | $ | 3.50 |  |  |  | 7.54 |  |  | $ | 83 |
Granted |  |  | 170,000 |  |  | $ | 0.95 |  |  |  | 6.21 |  |  | $ | 5 |
Forfeited/expired |  |  | (424,167 | ) |  | $ | 3.43 |  |  |  |  |  |  |
Outstanding at September 30, 2024 |  |  | 6,692,409 |  |  | $ | 3.43 |  |  |  | 7.09 |  |  | $ | 294 |
Exercisable at September 30, 2024 |  |  | 3,600,055 |  |  | $ | 5.24 |  |  |  | 5.97 |  |  | $ | 57 |
Restricted shares activity for the nine months ended September 30, 2024 was as follows:
|  | Number of Restricted Stock Grants |  |  | Weighted Average Grant Date Fair Value |
Outstanding at January 1, 2024 |  |  | — |  |  | $ | - |
Granted |  |  | 1,785,144 |  |  | $ | 1.20 |
Vested and Issued |  |  | (1,479,024 | ) |  | $ | 1.25 |
Outstanding at September 30, 2024 |  |  | 306,120 |  |  | $ | 0.98 |
Exercisable at September 30, 2024 |  |  | — |  |  | $ | - |
On September 3, 2024, the Company granted 600,000 shares to a director of the Company.

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