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Stock-based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of Changes in Common Stock Options | The following summarizes the changes in common stock options for the six months ended June 30, 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 |  |  | $ | 1,513 |
Granted |  |  | 70,000 |  |  | $ | 2.11 |  |  |  |  |  |  |
Exercised |  |  | (14,000 | ) |  | $ | 1.88 |  |  |  |  |  |  |
Forfeited |  |  | (76,000 | ) |  | $ | 3.08 |  |  |  |  |  |  |
Outstanding as of June 30, 2025 |  |  | 2,211,600 |  |  | $ | 1.74 |  |  |  | 5.5 |  |  | $ | 1,513 |
Options exercisable as of June 30, 2025 |  |  | 1,672,725 |  |  | $ | 1.57 |  |  |  | 4.8 |  |  | $ | 1,383 |
Disclosure Of Share Based Compensation Arrangements By Share Based Payment Award | 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 six months ended June 30, |  | Unrecognized Compensation Expense as of, |
|  | Grant Date | Vesting Date | Restricted Stock Granted |  | Per Share Grant Date Fair Value |  | 2024 |  | 2025 |  | June 30, 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 |  |  | 43 |  |  | — |  |  | — |
Employees |  | March 7, 2024 | March 7, 2025 |  | 128,044 |  | $ | 2.93 |  |  | 119 |  |  | 67 |  |  | — |
Non-executive directors |  | March 7, 2024 | March 7, 2025 |  | 75,000 |  | $ | 2.93 |  |  | 70 |  |  | 40 |  |  | — |
Employees |  | January 1, 2025 | December 31, 2028 [1] |  | 125,000 |  | $ | 1.85 |  |  | — |  |  | 29 |  |  | 202 |
Employees |  | March 6, 2025 | March 6, 2026 |  | 68,051 |  | $ | 2.11 |  |  | — |  |  | 46 |  |  | 98 |
Non-executive directors |  | March 6, 2025 | March 6, 2026 [2] |  | 100,000 |  | $ | 2.11 |  |  | — |  |  | 67 |  |  | 144 |
Total |  |  |  |  |  |  |  | $ | 232 |  | $ | 249 |  | $ | 444 |
[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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