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Accounting for Share-Based Payments (Tables) | 12 Months Ended
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Dec. 31, 2024
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, 2024 are summarized as follows:
| Weighted Average Exercise Price |  | Options Outstanding |  | Weighted Average Contractual Term (in years) |  | Intrinsic Value of Options
Outstanding at December 31, 2023 | $ | 13.65 |  |  | 106,197 |  |  | 4.8 |  | $ | — |
Exercised | — |  |  | — |  |  |  |  |
Canceled, forfeited, or expired | 14.76 |  |  | (8,109) |  |  |  |  |
Outstanding at December 31, 2024 | $ | 13.56 |  |  | 98,088 |  |  | 4.2 |  | $ | — |
Vested and expected to vest at December 31, 2024 | $ | — |  |  | — |  |  | — |  | $ | — |
Exercisable options | $ | 13.56 |  |  | 98,088 |  |  | 4.2 |  | $ | — |
Schedule of Stock Awards Plan Activity | Transactions related to restricted stock awards for the year ended December 31, 2024 are summarized as follows:
| Shares |  | Weighted Average Grant Date Fair Value
Nonvested at December 31, 2023 | 68,207 |  |  | $ | 12.57 |
Granted | 20,061 |  |  | 9.97 |
Vested | (37,584) |  |  | 15.60 |
Forfeited | (20,819) |  |  | 9.01 |
Nonvested at December 31, 2024 | 29,865 |  |  | $ | 9.49 |
Transactions related to inducement stock awards as of December 31, 2024 were as follows:
| Units |  | Weighted-Average Grant Date Fair Value
Outstanding December 31, 2023 | 4,902 |  |  | $ | 10.21 |
Vested | (4,902) |  |  | 2.61 |
Forfeited/Canceled | — |  |  | $ | — |
Outstanding December 31, 2024 | — |  |  | $ | — |
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 | 11,590 |  |  | $ | 13.00 |
Tranche II | 11,589 |  |  | 16.00 |
Tranche III | 11,588 |  |  | 19.00 |
Tranche IV | 50,000 |  |  | 25.00 |
Tranche V | 40,000 |  |  | 27.50 |
Tranche VI | 30,000 |  |  | 30.00 |
Tranche VII | 30,000 |  |  | $ | 35.00 |
Transactions related to performance stock units for the year ended December 31, 2024 were as follows:
| Units |  | Weighted-Average Grant Date Fair Value
Outstanding at December 31, 2023 | 324,635 |  |  | $ | 2.16 |
Granted | 20,061 |  |  | 2.61 |
Forfeited | (159,929) |  |  | 0.61 |
Outstanding at December 31, 2024 | 184,767 |  |  | $ | 3.49 |

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