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Shareholders' Equity
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Shareholders' Equity
10.
Shareholders’ Equity

On February 8, 2023, the Company announced that its Board of Directors authorized a share repurchase program for up to

500,000 shares of the Company’s common stock. On February 19, 2025, the Board approved a one-year extension of the program through February 8, 2026. The share repurchase program expired in accordance with its terms on February 8, 2026.

During the three months ended March 31, 2026 and 2025, the Company did not repurchase any shares under this program. The program expired with 124,000 shares remaining available for repurchase.

On February 16, 2026, the Board of Directors authorized a new share repurchase program under which the Company may repurchase up to $5.0 million of its outstanding common stock. Repurchases under the program may be made from time to time through privately negotiated transactions, block purchases, or other means, and the program may be modified, suspended, or terminated at any time at the discretion of the Board. The timing and amount of repurchases, if any, will depend on business, market, and economic conditions, as well as other factors. No repurchases were made under this program during the three months ended March 31, 2026.

Additionally, the Company may repurchase shares from time to time to satisfy employee tax withholding obligations related to its Stock Incentive Plan. The Company did not repurchase any shares for this purpose during the three months ended March 31, 2026 and 2025.