XML 38 R27.htm IDEA: XBRL DOCUMENT
v3.25.1

Stock-based Compensation (Tables) | 3 Months Ended
--- | ---
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Changes in Common Stock Options | The following summarizes the changes in common stock options for the three months ended March 31, 2025:
|  | Options |  |  | Weighted Average Exercise Price |  |  | Weighted Average Remaining Contractual Term (Years) |  |  | Aggregate Intrinsic Value (In thousands) |
Outstanding as of December 31, 2024 |  |  | 2,231,600 |  |  | $ | 1.77 |  |  |  | 6.0 |  |  | $ | 1,455 |
Granted |  |  | 70,000 |  |  | $ | 2.11 |  |  |  |  |  |  |
Exercised |  |  | — |  |  | $ | — |  |  |  |  |  |  |
Forfeited |  |  | (60,000 | ) |  | $ | 3.05 |  |  |  |  |  |  |
Outstanding as of March 31, 2025 |  |  | 2,241,600 |  |  | $ | 1.75 |  |  |  | 5.8 |  |  | $ | 1,457 |
Options exercisable as of March 31, 2025 |  |  | 1,626,725 |  |  | $ | 1.52 |  |  |  | 4.9 |  |  | $ | 1,339 |
DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAward | The following summarizes the restricted stock awards and related stock-based compensation expense (in thousands, except share count and award fair value):
|  |  |  |  |  |  |  | Compensation Expense for the three months ended March 31, |  | Unrecognized Compensation Expense as of, |
|  | Grant Date | Vesting Date | Restricted Stock Granted |  | Per Share Grant Date Fair Value |  | 2024 |  | 2025 |  | March 31, 2025 |
Employees |  | March 1, 2023 | March 1, 2024 |  | 97,290 |  | $ | 2.53 |  |  | — |  |  | — |  |  | — |
Non-executive directors |  | March 31, 2023 | March 31, 2024 |  | 90,000 |  | $ | 2.87 |  |  | 39 |  |  | — |  |  | — |
Employees |  | March 7, 2024 | March 7, 2025 |  | 128,044 |  | $ | 2.93 |  |  | 29 |  |  | 67 |  |  | — |
Non-executive directors |  | March 7, 2024 | March 7, 2025 |  | 75,000 |  | $ | 2.93 |  |  | 17 |  |  | 40 |  |  | — |
Employees |  | January 1, 2025 | December 31, 2028 [1] |  | 125,000 |  | $ | 1.85 |  |  | — |  |  | 14 |  |  | 217 |
Employees |  | March 6, 2025 | March 6, 2026 |  | 128,044 |  | $ | 2.11 |  |  | — |  |  | 10 |  |  | 133 |
Non-executive directors |  | March 6, 2025 | March 6, 2026 [2] |  | 100,000 |  | $ | 2.11 |  |  | — |  |  | 15 |  |  | 197 |
Total |  |  |  |  |  |  |  | $ | 85 |  | $ | 146 |  | $ | 547 |
[1] These restricted stock awards vest 25% annually over four years, until fully vested on December 31, 2028. [2] These restricted stock awards vest 25% quarterly over one year, until fully vested on March 6, 2026.

X
- References No definition available. + Details
Name: | us-gaap_DisclosureOfCompensationRelatedCostsSharebasedPaymentsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of share-based payment arrangement. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_DisclosureOfShareBasedCompensationArrangementsByShareBasedPaymentAwardTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedCompensationStockOptionsActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration