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Stock-Based Compensation (Tables)
 6 Months Ended
Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock-based Compensation Expense

The amount of stock-based compensation expense is as follows (amounts in thousands):

 

                     
   Three months ended June 30,   Six months ended June 30, 
   2022   2021   2022   2021 
Stock options  $32   $29   $63   $53 
Stock awards   -    -    20    - 
Restricted stock awards   -    -    -    1 
Total  $32   $29   $83   $54 
Schedule of Unrecognized Compensation Cost from Unvested Awards

The estimated unrecognized compensation cost from unvested awards which will be recognized ratably over the remaining vesting phase is as follows (amounts in thousands):

  

Years ended December 31st:  Unvested
stock options		   Unvested
restricted
stock awards		   Total
unrecognized
compensation
expense		 
2022 (remaining six months)  $35   $-   $35 
2023   40         -    40 
2024   11    -    11 
2025   -    -    - 
   $86   $-   $86 
Schedule of Non Vested Stock Award Activity Under Equity Incentive Plan

Stock option activity under our Equity Incentive Plans is summarized as follows:

  

               Weighted avg.     
       Weighted avg.   Weighted avg.   remaining     
   Number of   exercise price   grant date fair   contractual life   Aggregate 
   awards   per share   value per share   (in years)   intrinsic value 
                     
Outstanding, December 31, 2021   100,235   $8.36   $7.53    5.88   $620,445 
Granted   -   $-   $-    -      
Exercised   (1,500)  $5.07   $5.05    0.44      
Expired/Forfeited   -   $-   $-    -      
Outstanding, June 30, 2022   98,735   $8.41   $7.56    5.46   $303,084 
Exercisable, June 30, 2022   83,750   $7.59   $7.16    4.88   $291,379 
Unvested, June 30, 2022   14,985   $13.02   $9.85    8.71   $11,705 

 

The aggregate intrinsic value represents the total pre-tax intrinsic value (the aggregate difference between the closing price of our common stock on June 30, 2022 and the exercise price for the in-the-money options) that would have been received by the option holders if all the in-the-money options had been exercised on June 30, 2022.

 

Stock Activity

 

Non-vested stock award activity under our Equity Incentive Plans is summarized as follows:

  

       Weighted avg. 
   Number of   grant date 
   options   fair value 
Non-vested shares, December 31, 2021   -   $- 
Granted   1,500   $13.45 
Vested   (1,500)  $13.45 
Forfeited   -   $- 
Non-vested shares, June 30, 2022   -   $- 
Schedule of Non Vested Stock Award Activity Under Equity Incentive Plan

Non-vested stock award activity under our Equity Incentive Plans is summarized as follows:

  

       Weighted avg. 
   Number of   grant date 
   options   fair value 
Non-vested shares, December 31, 2021   -   $- 
Granted   1,500   $13.45 
Vested   (1,500)  $13.45 
Forfeited   -   $- 
Non-vested shares, June 30, 2022   -   $-