XML 32 R19.htm IDEA: XBRL DOCUMENT
v3.25.2

Stock-Based Compensation | 6 Months Ended
--- | ---
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Stock-Based Compensation | Note 11 – Stock-Based Compensation Empire recognizes stock-based compensation expense associated with granted stock options and restricted stock units (“RSUs”). Empire accounts for forfeitures of equity-based incentive awards as they occur. Stock-based compensation expense related to time-based restricted stock units is based on the price of the common stock on the grant date and recognized as vesting occurs. For options, the fair value is determined using the Black-Scholes option valuation assumptions on dividend yield, expected annual volatility, risk-free interest rate and an expected useful life. Stock-based compensation is recorded with a corresponding increase in additional paid-in capital within the unaudited interim condensed consolidated balance sheets. The following summary reflects nonvested restricted stock unit activity and related information:
|  |  |  |  | Weighted-Average |
|  | RSUs |  |  | Fair Value (1) |
Outstanding, December 31, 2024 |  |  | 126,543 |  |  | $ | 7.11 |
Granted |  |  | 109,074 |  |  |  | 5.94 |
Vested |  |  | (93,463 | ) |  |  | 6.84 |
Forfeited |  |  | (21,000 | ) |  |  | 5.26 |
Outstanding, June 30, 2025 |  |  | 121,154 |  |  | $ | 6.58 |
(1) | Shares are valued at the grant-date market price.
(1) | Shares are valued at the grant-date market price.
The following summary reflects stock option activity and related information:
|  |  |  |  | Weighted-Average |
|  | Options (2) |  |  | Exercise Price |
Outstanding, December 31, 2024 |  |  | 1,885,850 |  |  | $ | 4.75 |
Granted |  |  | — |  |  |  | — |
Exercised |  |  | — |  |  |  | — |
Cancelled |  |  | (6,000 | ) |  |  | 5.00 |
Outstanding, June 30, 2025 (1) |  |  | 1,879,850 |  |  | $ | 4.75 |
Exercisable, June 30, 2025 (1) |  |  | 1,590,516 |  |  | $ | 4.34 |
(1) | Stock options outstanding and exercisable had an aggregate intrinsic value of $1.0 million and $1.5 million, respectively.
(1) | Stock options outstanding and exercisable had an aggregate intrinsic value of $1.0 million and $1.5 million, respectively.
(2) | Stock options outstanding at June 30, 2025 had a weighted-average remaining contract term of 3.67 years and an exercise price range of $1.32 to $12.36.
(2) | Stock options outstanding at June 30, 2025 had a weighted-average remaining contract term of 3.67 years and an exercise price range of $1.32 to $12.36.

X
- Definition The entire disclosure for share-based payment arrangement. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (l) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2)(i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 4: http://www.xbrl.org/2003/role/exampleRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (h)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsShareBasedPaymentsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration