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Note 11 - Stock-based Compensation

3 Months Ended

Mar. 31, 2024

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

NOTE 11: STOCK-BASED COMPENSATION

A summary of outstanding options is included below:

Time Vesting Options						Weighted
						Average				Weighted								Weighted
						Remaining				Average								Average
Range of Exercise		Number				Contractual				Exercise				Options				Exercise
Prices between		Outstanding				Life				Price				Exercisable				Price
$4.01 - $8.00			566,673				6.38			$	7.42				566,673			$	7.42
$8.01+			95,791				1.78				25.06				95,791			$	25.06
			662,464				5.72			$	9.97				662,464

Performance Vesting Options						*Weighted*
						*Average*				*Weighted*								*Weighted*
						*Remaining*				*Average*								*Average*
		*Number*				*Contractual*				*Exercise*				*Options*				*Exercise*
		*Outstanding*				*Life*				*Price*				*Exercisable*				*Price*
			240,000				6.17			$	7.59				240,000			$	7.59
			240,000				6.17			$	7.59				240,000

Market Vesting Options						*Weighted*
						*Average*				*Weighted*								*Weighted*
						*Remaining*				*Average*								*Average*
		*Number*				*Contractual*				*Exercise*				*Options*				*Exercise*
		*Outstanding*				*Life*				*Price*				*Exercisable*				*Price*
			733,334				0.88			$	3.00				-			$	-
			733,334				0.88			$	3.00				-

																		*Performance Vesting*
		*Market Vesting Options*								*Time Vesting Options*								*Options*
						*Weighted*								*Weighted*								*Weighted*
						*Average*								*Average*								*Average*
		*Options*				*Exercise*				*Options*				*Exercise*				*Options*				*Exercise*
Date/Activity		*Outstanding*				*Price*				*Outstanding*				*Price*				*Outstanding*				*Price*
Balance, December 31, 2023			733,334				3.00				662,798			$	10.00				240,000			$	7.59
Granted			-				-				-				-				-				-
Forfeited or expired			-				-				(334	)			71.10				-				-
Balance, March 31, 2024			733,334				3.00				662,464				9.97				240,000			$	7.59

The weighted average remaining contractual life for options exercisable is 5.84 years as of March 31, 2024.

Employee Awards

Stock-based compensation expense recognized for the issuance of stock options to employees for the three months ended March 31, 2024 and 2023 of $3 and $225, respectively, was included in general and administrative expense in the Condensed Consolidated Financial Statements. At March 31, 2024, there was $12 of total unrecognized compensation expense related to unvested share-based awards with market vesting criteria for employees. Compensation expense related to market vesting options will be recognized over the next 11 months and will be adjusted for any future forfeitures as they occur.

Non-Employee Awards

Stock-based compensation expense recognized for the issuance of stock options to our non-employee Board of Directors, for the three months ended March 31, 2024 and 2023 was $0 and $43 and included in general and administrative expense in the Condensed Consolidated Financial Statements. At March 31, 2024, there was no unrecognized compensation expense related to share-based awards for non-employee directors.