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Note 6 - Stock-based Compensation

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Shareholders' Equity and Share-Based Payments [Text Block]

6.	*STOCK-BASED COMPENSATION*

We recorded non-cash stock compensation expense in each period as follows:

		Three-month period ended
		March 31,				March 31,
		2025				2024
Stock options		$	188			$	156
Restricted stock grants			39				5
Total		$	227			$	161

We have stock options outstanding from various stock-based employee compensation plans for which we record compensation cost relating to share-based payment transactions in our financial statements. As of March 31, 2025, there was $921 of total unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 1.4 years.

The following table summarizes stock option activity for the three-month period ended March 31, 2025:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Outstanding at January 1, 2025			1,106,436			$	7.15
Granted			-				-
Exercised			-				-
Forfeited or expired			(13,015	)		$	7.11
Outstanding at March 31, 2025			1,093,421			$	7.15				4.26			$	25
Vested and expected to vest at March 31, 2025			994,263			$	7.17				4.09			$	23
Exercisable at March 31, 2025			628,327			$	7.16				2.93			$	16

Cash received from stock option exercises under our stock-based compensation plans for the three-month periods ended March 31, 2025 and March 31, 2024 was $0 and $685, respectively.

Restricted stock awards vest in equal annual installments over three (3) years. Unrecognized compensation cost related to unvested restricted stock awards at March 31, 2025 and March 31, 2024, respectively, was $216 and $31.