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Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2022
Stock-Based Compensation  
Summary of stock-based compensation expense

The following table summarizes stock-based compensation expense (in thousands), which is included in operating or general and administrative expense, as appropriate, in the Consolidated Statements of Operations and Comprehensive Loss for the years ended December 31, 2022 and 2021:

Year Ended December 31, 

2022

2021

Restricted stock unit awards

$

413

$

419

Common stock awards

60

Total compensation expense

$

413

$

479

Summary of the Company's nonvested restricted stock unit awards

A summary of the Company’s nonvested restricted stock unit awards as of December 31, 2022 and activity during the year then ended is as follows:

Number of Restricted Stock Unit Awards

Weighted Average Grant Date Fair Value

Nonvested as of December 31, 2021

335,000

$

1.98

Granted

 

$

Vested

 

(155,000)

$

1.98

Cash Settlement

(180,000)

$

1.98

Forfeited

$

Nonvested as of December 31, 2022

$

Summary of common stock awards with immediate vesting to outside directors

The Company granted common stock awards with immediate vesting to outside directors during the years ended December 31, 2022 and 2021 as follows:

Number of Common Stock Awards

    

Weighted Average Grant Date Fair Value

  

Year ended December 31, 2022

$

Year ended December 31, 2021

23,272

$

2.58