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Note 11 - Stock-based Compensation

6 Months Ended

Jun. 30, 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				6.13			$	7.42				566,673			$	7.42
$8.01+			92,791				1.59				23.97				92,791			$	23.97
			659,464				5.49			$	9.75				659,464

Performance Vesting Options						*Weighted*
						*Average*				*Weighted*								*Weighted*
						*Remaining*				*Average*								*Average*
		*Number*				*Contractual*				*Exercise*				*Options*				*Exercise*
		*Outstanding*				*Life*				*Price*				*Exercisable*				*Price*
			240,000				5.92			$	7.59				240,000			$	7.59
			240,000				5.92			$	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				0.64			$	3.00				-			$	-
			733,334				0.64			$	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			-				-				(3,334	)			59.76				-				-
Balance, June 30, 2024			733,334				3.00				659,464				9.75				240,000			$	7.59

The weighted average remaining contractual life for options exercisable is 5.61 years as of June 30, 2024.

Employee Awards

Stock-based compensation expense recognized for the issuance of stock options to employees for the three and six months ended June 30, 2024 of $3 and $6, respectively, was included in general and administrative expense in the Condensed Consolidated Financial Statements. Stock-based compensation expense recognized for the issuance of stock options to employees for the three and six months ended June 30, 2023 of $151 and $377, respectively, was included in general and administrative expense in the Condensed Consolidated Financial Statements.

At June 30, 2024, there was $9 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 8 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 and six months ended June 30, 2024 was $0 and included in general and administrative expense in the Condensed Consolidated Financial Statements. Stock-based compensation expense recognized for the issuance of stock options to our non-employee Board of Directors for the three and six months ended June 30, 2023 of $43 and $86, respectively, was included in general and administrative expense in the Condensed Consolidated Financial Statements.

At June 30, 2024, there was no unrecognized compensation expense related to share-based awards for non-employee directors.