XML 22 R12.htm IDEA: XBRL DOCUMENT v3.25.1
Note 4 - Stock Based Compensation
 3 Months Ended
Mar. 31, 2025
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

NOTE 4 – STOCK BASED COMPENSATION

 

The Company maintains the Bogota Financial Corp. 2021 Equity Incentive Plan (the "2021 Plan"), which provides for the issuance of up to 902,602 shares (257,887 restricted stock awards and 644,718 stock options) of Bogota Financial Corp. common stock.

 

The following is a summary of the Company's restricted stock activity during the three months ended March 31, 2025:

 

  

Number of Non-vested Restricted Shares

  

Weighted Average Grant Date Fair Value

 

Outstanding, January 1, 2025

  94,607  $10.17 

Granted

  —   — 

Vested

 $(2,000)  7.80 

Forfeited

  —   — 

Outstanding, March 31, 2025

  92,607  $10.12 

 

The following is a summary of the Company's option activity during the three months ended March 31, 2025:

 

  

Number of Stock Options

  

Weighted Average Exercise Price

  

Weighted Average Remaining Contractual Term (in years)

  

Aggregate Intrinsic Value

 

Outstanding, January 1, 2025

  510,119  $10.45   6.7  $— 

Granted

  —             

Exercised

  —             

Forfeited

  (1,500)  10.45       - 

Outstanding, March 31, 2025

  508,619  $10.45   6.4  $— 

Options exercisable at March 31, 2025

  305,172          $—