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Note 11 - Stock-based Compensation | 12 Months Ended
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Dec. 31, 2024
Notes to Financial Statements |
Share-Based Payment Arrangement [Text Block] | NOTE 11: STOCK-BASED COMPENSATION A summary of outstanding options as of December 31, 2024 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 |  |  | 506,672 |  |  |  | 5.66 |  |  | $ | 7.40 |  |  |  | 506,672 |  |  | $ | 7.40 |
8.01+ |  |  | 85,225 |  |  |  | 1.20 |  |  |  | 22.51 |  |  |  | 85,225 |  |  |  | 22.51 |
|  |  | 591,897 |  |  |  | 5.01 |  |  | $ | 9.58 |  |  |  | 591,897 |  |  | $ | 9.58 |
Performance Vesting Options
|  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Average |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  | Remaining |  |  | Average |  |  |  |  |  |  | Average |
|  | Number |  |  | Contractual |  |  | Exercise |  |  | Options |  |  | Exercise |
|  | Outstanding |  |  | Life |  |  | Price |  |  | Exercisable |  |  | Price |
|  |  | 240,000 |  |  |  | 5.42 |  |  | $ | 7.59 |  |  |  | 240,000 |  |  | $ | 7.59 |
Market Vesting Options
|  |  |  |  |  | Weighted |  |  |  |  |  |  |  |  |  |  |  |  |
|  |  |  |  |  | Average |  |  | Weighted |  |  |  |  |  |  | Weighted |
|  |  |  |  |  | Remaining |  |  | Average |  |  |  |  |  |  | Average |
|  |  | Number |  |  |  | Contractual |  |  |  | Exercise |  |  |  | Options |  |  |  | Exercise |
|  | Outstanding |  |  | Life |  |  | Price |  |  | Exercisable |  |  | Price |
|  |  | 733,334 |  |  |  | 7.46 |  |  | $ | 3.00 |  |  |  | - |  |  | $ | - |
|  | Market Vesting Options |  |  | Time Vesting Options |  |  | Performance Vesting 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 |  |  | - |  |  |  | - |  |  |  | (70,901 | ) |  |  | 13.56 |  |  |  | - |  |  |  | - |
Balance, December 31, 2024 |  |  | 733,334 |  |  |  | 3.00 |  |  |  | 591,897 |  |  |  | 9.57 |  |  |  | 240,000 |  |  | $ | 7.59 |
The weighted average remaining contractual life for options exercisable is 5.1 years as of December 31, 2024. Shares authorized for issuance under the Company's 2014 Stock Incentive Plan is 2,000,000. There are 1,565,231 options outstanding under the 2014 Stock Incentive Plan. The Company’s ability to issue new awards under its 2014 Stock Incentive Plan expired in 2023. On October 18, 2024, the Company’s shareholders approved the Company’s 2023 Stock Incentive Plan, which authorizes the issuance of up to 2,500,000 shares. No awards have been issued under the Plan as of December 31, 2024. Employee Awards Stock-based compensation expense recognized for the issuance of stock options to employees for the years ended December 31, 2024 and 2023 of $13 and $383, respectively, was included in general and administrative expense in the Consolidated Financial Statements. At December 31, 2024, there was $2 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 1.5 months and will be adjusted for any future forfeitures as they occur. The fair value of options on the grant date varied between $0.63 and $1.11 per award as determined using the Monte Carlo model. Non-Employee Awards Compensation expense recognized for the issuance of stock options, including those options awarded to our Board of Directors, for the years ended December 31, 2024 and 2023 of $0 and $150, respectively, was included in general and administrative expense in the Consolidated Financial Statements. At December 31, 2024, there was no unrecognized compensation expense related to share-based awards to non-employees.

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