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Pay vs Performance Disclosure - USD ($)
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Pay vs Performance Disclosure [Table]      
Pay vs Performance Disclosure, Table

Pay versus performance

 

The following tables and related disclosures provide information about (i) the “total compensation” of our CEO, and our other named executive officers (the “Other NEOs” or the “Non-CEO NEOs”) as presented in the Summary Compensation Table above, (ii) the “compensation actually paid” to our CEO and our Other NEOs, as calculated pursuant to the SEC’s pay-versus-performance rules, (iii) certain financial performance measures, and (iv) the relationship of the “compensation actually paid” to those financial performance measures.

 

This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act, and does not necessarily reflect value actually realized by the executives or how our Compensation Committee evaluates compensation decisions in light of Company or individual performance.

 

                                       
Year   Summary
Compensation
Table Total
for CEO(1)
  Compensation
Actually Paid
to CEO(1)(2)(3)
  Average
Summary
Compensation
Table Total
for Non-CEO
NEOs(1)
  Average
Compensation
Actually Paid
to Non-CEO
NEOs(1)(2)(3)
  Value of Initial
Fixed $100
Investment
Based On Total
Shareholder
Return(4)
  Net Income/
(Loss)
 
2024   $ 1,271,525   $ 1,925,548   $ 598,865   $ 744,593   $ 128.33   $ (6,066,633 )
2023   $ 713,369   $ (1,193,861 ) $ 547,298   $ 359,612   $ 81.83   $ (13,741,062 )
2022   $ 962,600   $ 1,446,209   $ 841,715   $ 1,019,809   $ 119.00   $ (8,661,142 )

(1) The CEO for 2024, 2023 and 2022 is Linda Tharby. The Non-CEO NEOs for whom the average compensation is presented in this table are for 2024 and 2023 are, Thomas Adams, Brian Case and Kenneth Miller, and for 2022, Thomas Adams and Brian Case. Brian Case joined the Company in April 2022.

 

(2) The amounts shown as Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by the Company’s CEO and Non-CEO NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table for each year, adjusted as described in footnote 3 below.

 

(3) Compensation Actually Paid reflects the exclusions and inclusions for the CEO and the Non-CEO NEOs set forth below. Amounts excluded, which are set forth in the “Minus Stock and Option Awards from Summary Compensation Table” columns below, represent the stock awards and option awards reported in the Stock Awards and Option Awards columns of the Summary Compensation Table for each applicable year. See Narrative Disclosure to Summary Compensation Table – Option Awards and – Stock Awards on pages 21-22. Amounts added back to determine Compensation Actually Paid are made up of the following components which are set forth in the table below, as applicable: (i) the fair value as of the end of the fiscal year of outstanding and unvested equity awards granted in that year; (ii) the change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year; (iii) the fair value as of the vesting date of equity awards that were granted and vested in that year; and (iv) the change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year. The fair value at the end of the prior year of awards granted in any prior year that failed to meet applicable vesting conditions during the covered year are subtracted. Equity values are calculated in accordance with ASC Topic 718.

 

(4) Total Shareholder Return illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in KORU Medical common stock on December 31, 2021.

   
Named Executive Officers, Footnote [Text Block] (1) The CEO for 2024, 2023 and 2022 is Linda Tharby. The Non-CEO NEOs for whom the average compensation is presented in this table are for 2024 and 2023 are, Thomas Adams, Brian Case and Kenneth Miller, and for 2022, Thomas Adams and Brian Case. Brian Case joined the Company in April 2022.    
PEO Total Compensation Amount [1] $ 1,271,525 $ 713,369 $ 962,600
PEO Actually Paid Compensation Amount [1],[2],[3] $ 1,925,548 (1,193,861) 1,446,209
Adjustment To PEO Compensation, Footnote

 

Year   Summary Comp. Table Total for CEO   Minus Stock and Option Awards From Summ. Comp. Table   Plus Year-End Equity Value of Unvested Awards Granted During Year   Plus Change in Value of Unvested Awards Granted in Prior Years   Plus Value of Awards Granted and Vested During Year   Plus Change in Value of Prior Years’ Awards Vested During Year   Plus Change in Value of Awards that Failed to Meet Vesting Conditions   Comp. Actually Paid to CEO  
2024   $ 1,271,525   $ (553,199 ) $ 1,089,289   $ (16,800 )     $ 134,732       $ 1,925,548  
2023   $ 713,369           $ (1,810,232 )     $ (96,998 )     $ (1,193,861 )
2022   $ 962,600           $ 554,102       $ (70,493 )     $ 1,446,209  
   
Non-PEO NEO Average Total Compensation Amount [1] $ 598,865 547,298 841,715
Non-PEO NEO Average Compensation Actually Paid Amount [1],[2],[3] $ 744,593 359,612 1,019,809
Adjustment to Non-PEO NEO Compensation Footnote

 

Year   Summary Comp. Table Total for NEOs   Minus Stock and Option Awards From Summ. Comp. Table   Plus Year-End Equity Value of Unvested Awards Granted During Year   Plus Change in Value of Unvested Awards Granted in Prior Years   Plus Value of Awards Granted and Vested During Year   Plus Change in Value of Prior Years’ Awards Vested During Year   Plus Change in Value of Awards that Failed to Meet Vesting Conditions   Comp. Actually Paid to NEOs  
2024   $ 598,865   $ (105,346 ) $ 204,601   $ 116,585       $ 43,146   $ (113,256 ) $ 744,593  
2023   $ 547,298   $ 255,208   $ 270,931   $ (192,609 )     $ (11,430 )     $ 359,612  
2022   $ 841,715   $ 472,607   $ 640,287   $ 15,607       $ (5,193 )     $ 1,019,809  
   
Compensation Actually Paid vs. Total Shareholder Return

Description of Relationship Between NEO Compensation Actually Paid and Company Total Shareholder Return (“TSR”)

 

The following chart sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our Non-CEO NEOs, and the Company’s TSR over the fiscal three year period from 2022 through 2024.

 

   
Compensation Actually Paid vs. Net Income

Description of Relationship Between NEO Compensation Actually Paid and Net Loss

 

The following chart sets forth the relationship between Compensation Actually Paid to our CEO, the average of Compensation Actually Paid to our Non-CEO NEOs, and the Company’s Net Loss over the fiscal three year period from 2022 through 2024.

 

   
Total Shareholder Return Amount [4] $ 128.33 81.83 119.00
Net Income (Loss) Attributable to Parent $ (6,066,633) $ (13,741,062) $ (8,661,142)
PEO Name Linda Tharby Linda Tharby Linda Tharby
Additional 402(v) Disclosure [Text Block] This disclosure has been prepared in accordance with Item 402(v) of Regulation S-K under the Exchange Act, and does not necessarily reflect value actually realized by the executives or how our Compensation Committee evaluates compensation decisions in light of Company or individual performance.    
PEO [Member] | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (553,199)
PEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 1,089,289
PEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (16,800) (1,810,232) 554,102
PEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
PEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 134,732 (96,998) (70,493)
PEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
Non-PEO NEO [Member] | Equity Awards Adjustments, Excluding Value Reported in the Compensation Table [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount (105,346) 255,208 472,607
Non-PEO NEO [Member] | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 204,601 270,931 640,287
Non-PEO NEO [Member] | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 116,585 (192,609) 15,607
Non-PEO NEO [Member] | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount
Non-PEO NEO [Member] | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount 43,146 (11,430) (5,193)
Non-PEO NEO [Member] | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year [Member]      
Pay vs Performance Disclosure [Table]      
Adjustment to Compensation Amount $ (113,256)
[1] The CEO for 2024, 2023 and 2022 is Linda Tharby. The Non-CEO NEOs for whom the average compensation is presented in this table are for 2024 and 2023 are, Thomas Adams, Brian Case and Kenneth Miller, and for 2022, Thomas Adams and Brian Case. Brian Case joined the Company in April 2022.
[2] Compensation Actually Paid reflects the exclusions and inclusions for the CEO and the Non-CEO NEOs set forth below. Amounts excluded, which are set forth in the “Minus Stock and Option Awards from Summary Compensation Table” columns below, represent the stock awards and option awards reported in the Stock Awards and Option Awards columns of the Summary Compensation Table for each applicable year. See Narrative Disclosure to Summary Compensation Table – Option Awards and – Stock Awards on pages 21-22. Amounts added back to determine Compensation Actually Paid are made up of the following components which are set forth in the table below, as applicable: (i) the fair value as of the end of the fiscal year of outstanding and unvested equity awards granted in that year; (ii) the change in fair value during the year of equity awards granted in prior years that remained outstanding and unvested at the end of the year; (iii) the fair value as of the vesting date of equity awards that were granted and vested in that year; and (iv) the change in fair value during the year through the vesting date of equity awards granted in prior years that vested during that year. The fair value at the end of the prior year of awards granted in any prior year that failed to meet applicable vesting conditions during the covered year are subtracted. Equity values are calculated in accordance with ASC Topic 718.
[3] The amounts shown as Compensation Actually Paid have been calculated in accordance with Item 402(v) of Regulation S-K and do not reflect compensation actually realized or received by the Company’s CEO and Non-CEO NEOs. These amounts reflect total compensation as set forth in the Summary Compensation Table for each year, adjusted as described in footnote 3 below.
[4] Total Shareholder Return illustrates the value, as of the last day of the indicated fiscal year, of an investment of $100 in KORU Medical common stock on December 31, 2021.