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Stockholders' Equity

6 Months Ended

Jun. 30, 2024

Stockholders' Equity

Stockholders' Equity

Note 5 – Stockholders’ Equity

Restricted Stock Units

In May 2024, the Compensation Committee of the Company’s Board of Directors approved the Company’s grant of 31,250 restricted stock units to certain employees under the Interlink Electronics, Inc. 2016 Omnibus Incentive Plan. A summary of the status of the Company’s nonvested restricted stock units as of and for the year-to-date period ended June 30, 2024, is as follows:


				Weighted-
				Average
				Grant-Date
				Fair Value
Nonvested Restricted Stock Units		Shares		(per share)
Nonvested at January 1, 2024		—		$	—
Granted		31,250			4.35
Vested		—			—
Forfeited		—			—
Nonvested at June 30, 2024		31,250		$	4.35

As of June 30, 2024, there was approximately $131,000 of total unrecognized compensation cost related to nonvested restricted stock units. That cost is expected to be recognized over a weighted-average period of 4.6 years.

Stock Repurchase Transaction

In May 2023, the Company’s Board of Directors approved the Company’s repurchase of 8,250 shares of common stock that were previously issued and sold in a private transaction to an individual in December 2022. The Company repurchased the shares for $50,050 ($6.07 per share), which is the same price at which the Company issued and sold the shares in December 2022.

Stock Repurchase Program

In May 2023, the Company’s Board of Directors approved a Stock Repurchase Program to repurchase up to 100,000 shares of the Company’s common stock. During the three and six months ended June 30, 2024, the Company did not repurchase any shares. During the three months ended June 30, 2023, the Company repurchased 20,854 shares for an aggregate purchase price of approximately $127,000. The Stock Repurchase Program expired in May 2024.