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

3 Months Ended

Mar. 31, 2025

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 months ended March 31, 2025, and 2024 for our employee and director stock options.

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

		Three Months Ended
Stock Options		March 31,
		2025				2024
Employee Stock Options		$	107,000			$	91,000
Director Stock Options			89,000				61,000
Total		$	196,000			$	152,000

Schedule of Stock Options Roll Forward

The summary of the Company’s total Stock Option Plans as of March 31, 2025, and March 31, 2024, along with changes during the periods then ended, is 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 (5)
Options outstanding January 1, 2025			1,000,900			$	6.18								-
Granted			50,000			$	10.70
Exercised			(52,500	)		$	3.18							$	389,555
Options outstanding end of period (1)			998,400			$	6.56				4.8			$	1,392,954
Options exercisable at March 31, 2025(2)			415,500			$	5.75				4.1			$	685,432

		Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value (5)
Options outstanding January 1, 2024			994,500			$	5.57								-
Granted			45,000			$	7.75
Exercised			(43,500	)		$	5.61							$	212,410
Forfeited			(11,000	)		$	7.01
Options outstanding end of period (3)			985,000			$	5.66				4.8			$	6,139,346
Options exercisable at March 31, 2024(4)			350,300			$	5.06				3.8			$	2,391,576

⁽¹⁾ Options with exercise prices ranging from $3.31 to $10.70

⁽²⁾ Options with exercise prices ranging from $3.31 to $9.81

⁽³⁾ Options with exercise prices ranging from $3.15 to $9.81

⁽⁴⁾ Options with exercise prices ranging from $3.15 to $7.50

⁽⁵⁾ 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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Tabular disclosure of the change in stock options.

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