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STOCK-BASED COMPENSATION (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Payment Arrangement [Abstract]

Stock-based compensation expense for restricted stock in the consolidated statements of operations is summarized as follows:

Stock-based compensation expense for restricted stock in the consolidated statements of operations is summarized as follows:

		Three months ended September 30,								Nine months ended September 30,
		2024				2023				2024				2023
Cost of sales		$	14,430			$	6,612			$	3,675			$	58,860
Selling, general and administrative			58,283				134,104				526,096				600,995
Total stock-based compensation expense		$	72,713			$	140,716			$	529,771			$	659,855

The following table summarizes activity related to outstanding RSUs for the nine months ended September 30, 2024:

The following table summarizes activity related to outstanding RSUs for the nine months ended September 30, 2024:

		RSUs				Weighted Average   Grant Date   Fair Value of   RSUs
Non-vested – January 1, 2024			—			$	—
Granted			181,323			$	2.45
Vested			(135,900	)		$	2.45
Forfeited			—			$	—
Non-vested – September 30, 2024			45,423			$	2.45

The following table summarizes activity related to outstanding Restricted Stock Awards for the nine months ended September 30, 2024:

The following table summarizes activity related to outstanding Restricted Stock Awards for the nine months ended September 30, 2024:

		Restricted  Stock Awards				Weighted Average    Grant Date  Fair Value of   Restricted Stock Awards
Non-vested – January 1, 2024			167,071			$	3.25
Granted			107,604			$	2.39
Vested			(58,587	)		$	3.18
Forfeited			(63,213	)		$	2.78
Non-vested – September 30, 2024			152,875			$	2.86

The following table summarizes activity related to outstanding PRSAs for the nine months ended September 30, 2024:

The following table summarizes activity related to outstanding PRSAs for the nine months ended September 30, 2024:

		PRSAs				Weighted Average Grant Date   Fair Value of   PRSAs
Non-vested – January 1, 2024			48,050			$	3.27
Granted			64,611			$	2.91
Vested			—			$	—
Forfeited			(68,585	)		$	3.12
Non-vested – September 30, 2024			44,076			$	2.98

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

+ References

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-Name Accounting Standards Codification
-Topic 718
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (h)(1)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480429/718-10-50-2

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Tabular disclosure of the changes in outstanding nonvested performance-based units.

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-Name Accounting Standards Codification
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Tabular disclosure of the number and weighted-average grant date fair value for restricted stock units that were outstanding at the beginning and end of the year, and the number of restricted stock units that were granted, vested, or forfeited during the year.

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Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares.

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