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STOCK-BASED COMPENSATION
 3 Months Ended
Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]  
STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

 

Stock-Based Compensation

 

A summary of stock option activity during the three months ended March 31, 2024, is as follows:

 

   Stock
Options		   Weighted average
exercise price		   Weighted
average remaining
contractual term		   Aggregate
intrinsic value		 
Outstanding as of January 1, 2024   706,167   $5.49           
Granted   -    -           
Exercised   -    -                
Forfeited/expired   (57,000)   10.21           
Outstanding as of March 31, 2024   649,167   $5.08    5.80   $845 
Exercisable as of March 31, 2024   554,167   $4.96    5.20   $813 

 

A summary of RSU activity during the three months ended March 31, 2024, is as follows:

 

       Weighted-average   Weighted-average 
       grant-date   grant-date 
   Number of units   fair value per share   fair value 
Unvested restricted stock units as of January 1, 2024   125,000   $4.35   $543 
Units granted   -    -    - 
Units vested   -    -    - 
Units forfeited   -    -    - 
Unvested restricted stock units as of March 31, 2024   125,000   $4.35   $543 

 

Stock-based compensation expense recorded for the three months ended March 31, 2024, and 2023 was approximately $225 and $143, respectively. As of March 31, 2024, there was $189 of stock-based compensation expense remaining to be recognized in the consolidated statements of operations over a weighted average remaining period of 1.5 years.