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Stockholders' Equity | 9 Months Ended
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Sep. 30, 2025
Stockholders' Equity |
Stockholders' Equity | 5.  Stockholders’ Equity ​ As of September 30, 2025, the Company had 103,690,340 shares of common stock outstanding. The Company declared and paid dividends as follows (in thousands, except per share amounts): ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Dividends Per | ​ | Total |
Quarter Paid |  | Share |  | Dividends |
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2025: | ​ | ​ | ​ | ​ | ​ | ​ | ​
First quarter of 2025 |  | $ | 0.01 |  | $ | 1,036 | ​
Second quarter of 2025 |  | $ | 0.01 |  | $ | 1,035 | ​
Third quarter of 2025 |  | $ | 0.01 |  | $ | 1,037 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
2024: | ​ | ​ | ​ | ​ | ​ | ​ | ​
First quarter of 2024 |  | $ | 0.01 |  | $ | 1,034 | ​
Second quarter of 2024 |  | $ | 0.01 |  | $ | 1,034 | ​
Third quarter of 2024 |  | $ | 0.01 |  | $ | 1,036 | ​
​ Equity-Based Compensation ​ On May 20, 2002, the stockholders of the Company approved the 2002 Stock Incentive Plan (the “Plan”). The Plan is an equity-based incentive compensation plan and provides for the grants of up to a maximum of 2,000,000 shares of the Company’s common stock (“Awards”). All of the Company’s employees, officers, directors, consultants and advisors are eligible to be granted Awards. Awards under the Plan are made at the discretion of the Company’s Board of Directors, and have no vesting requirements. Upon granting an Award, the Company will recognize compensation cost equal to the fair value of the Company’s common stock, as determined by the Company’s Board of Directors, on the date of the grant. ​ On May 31, 2024 and May 30, 2025, the Company granted shares under the Plan to non-employee directors with the compensation cost related to such grants indicated in the table below, which was recognized during the year ended December 31, 2024 and the nine months ended September 30, 2025, respectively, and is included in general and administrative expenses for such period. Such shares were fully vested on the date of issuance. ​ ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Shares Available | ​ | Compensation
​ | ​ | for Grant | ​ | Cost
​ | ​ | ​ | ​ | ​ | ​ | ​
Balance December 31, 2023 | ​ | ​ | 1,502,248 | ​ | $ | 1,721,241
Shares granted 2024 | ​ | ​ | (136,362) | ​ | ​ | 269,997
Balance December 31, 2024 | ​ | ​ | 1,365,886 | ​ | $ | 1,991,238
Shares granted 2025 | ​ | ​ | (123,625) | ​ | ​ | 224,998
Balance September 30, 2025 | ​ | ​ | 1,242,261 | ​ | $ | 2,216,236
​ | ​ | ​ | ​ | ​ | ​ | ​
​

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