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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.

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Tabular disclosure of share-based payment arrangement.

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-Name Accounting Standards Codification
-Section 50
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-SubTopic 10
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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.

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