XML 54 R39.htm IDEA: XBRL DOCUMENT
v3.24.1

Accounting for Share-Based Payments (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
Share-Based Payment Arrangement [Abstract] |
Schedule of Activity in the Company’s Stock Option Plans | Transactions related to stock options for the year ended December 31, 2023 are summarized as follows:
| Weighted Average Exercise Price |  | Options Outstanding |  | Weighted Average Contractual Term (in years) |  | Intrinsic Value of Options
Outstanding at December 31, 2022 | $ | 13.66 |  |  | 118,142 |  |  | 5.2 |  | $ | — |
Exercised | — |  |  | — |  |  |  |  |
Canceled, forfeited, or expired | 13.70 |  |  | (11,945) |  |  |  |  |
Outstanding at December 31, 2023 | $ | 13.65 |  |  | 106,197 |  |  | 4.8 |  | $ | — |
Vested and expected to vest at December 31, 2023 1 | $ | — |  |  | — |  |  | — |  | $ | — |
Exercisable options | $ | 13.65 |  |  | 106,197 |  |  | 4.8 |  | $ | — |
1 Includes outstanding vested and nonvested options
Schedule of Stock Awards Plan Activity | Transactions related to restricted stock awards for the year ended December 31, 2023 are summarized as follows:
| Shares |  | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2022 | 79,103 |  |  | $ | 17.31 |
Granted | 47,158 |  |  | 9.74 |
Vested | (47,875) |  |  | 15.74 |
Forfeited | (10,179) |  |  | 15.56 |
Nonvested at December 31, 2023 | 68,207 |  |  | $ | 12.57 |
Transactions related to inducement stock awards as of December 31, 2023 were as follows:
| Units |  | Weighted-Average Grant Date Fair Value
Outstanding December 31, 2022 | 21,686 |  |  | $ | 10.61 |
Vested | — |  |  | — |
Forfeited/Canceled | (16,784) |  |  | $ | 10.72 |
Outstanding December 31, 2023 | 4,902 |  |  | $ | 10.21 |
Schedule of Nonvested Performance- based Units Activity | The performance stock units are divided into tranches, each one vesting on the date the thirty-day volume-weighted average price of the Company's common stock `meets or exceeds the price target as set forth in the table below:
| Shares |  | Volume Weighted Average Price Target
Tranche I | 4,902 |  |  | $ | 13.00 |
Tranche II | 52,566 |  |  | 15.00 |
Tranche III | 4,902 |  |  | 16.00 |
Tranche IV | 2,566 |  |  | 17.50 |
Tranche V | 4,902 |  |  | 19.00 |
Tranche VI | 52,567 |  |  | 20.00 |
Tranche VII | 2,230 |  |  | 22.50 |
Tranche VIII | 100,000 |  |  | 25.00 |
Tranche IX | 40,000 |  |  | 27.50 |
Tranche X | 30,000 |  |  | 30.00 |
Tranche XI | 30,000 |  |  | $ | 35.00 |
Transactions related to performance stock units for the year ended December 31, 2023 were as follows:
| Units |  | Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2022 | 159,663 |  |  | $ | 3.92 |
Granted | 172,405 |  |  | 0.64 |
Forfeited | (7,433) |  |  | 4.73 |
Outstanding at December 31, 2023 | 324,635 |  |  | $ | 2.16 |

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

X
- Definition Tabular disclosure of the changes in outstanding nonvested performance-based units. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfNonvestedPerformanceBasedUnitsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfOtherShareBasedCompensationActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org//1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration