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Capital Stock, Stock Plans and Stock Based Compensation (Tables)

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

Schedule of Share-based Compensation, Allocation of Recognized Period Costs

The following table summarizes stock-based compensation recognized for the three and six months ended June 30, 2024, and 2023 for our employee and director stock options.

Schedule of Share-based Compensation, Allocation of Recognized Period Costs

		2024				2023				2024				2023
		Three Months Ended								Six Months Ended
Stock Options		June 30,								June 30,
		2024				2023				2024				2023
Employee Stock Options		$	72,000			$	93,000			$	163,000			$	179,000
Director Stock Options			60,000				32,000				121,000				64,000
Total		$	132,000			$	125,000			$	284,000			$	243,000

Schedule of Stock Options Roll Forward

The summary of the Company’s total Stock Option Plans as of June 30, 2024, and June 30, 2023, and changes during the periods then ended, are presented below. The Company’s Plans consist of the 2017 Plan and the 2003 Outside Directors Stock Plan (the “2003 Plan”):

Schedule of Stock Options Roll Forward

		Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (4)
Options outstanding January 1, 2024			994,500			$	5.57								-
Granted			45,000			$	7.75
Exercised			(49,900	)		$	5.63							$	245,982
Forfeited			(44,000	)		$	6.05
Options outstanding end of period (1)			945,600			$	5.65				4.6			$	4,232,804
Options exercisable at June 30, 2024(2)			343,900			$	5.05				3.5			$	1,747,136

		Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (4)
Options outstanding January 1, 2023			1,018,400			$	5.02								-
Granted			295,000			$	3.95
Exercised			(265,600	)		$	3.70							$	2,002,502
Forfeited/expired/cancelled			(64,500	)		$	3.67
Options outstanding end of period (3)			983,300			$	5.15				4.9			$	5,734,647
Options exercisable at June 30, 2023(3)			278,300			$	4.75				3.4			$	1,732,347

(1)	Options with exercise price ranging from $3.15 to $9.81.
(2)	Options with exercise price ranging from $3.15 to $7.50.
(3)	Options with exercise price ranging from $2.79 to $7.50.
(4)	The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.

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- Definition

Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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- Definition

Tabular disclosure of the change in stock options.

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