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Stock-based Compensation (Tables)

6 Months Ended

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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Tabular disclosure of share-based payment arrangement.

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Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Publisher FASB
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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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