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SHARE BASED COMPENSATION
 3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Share-Based Payment Arrangement [Text Block]

5 – SHARE BASED COMPENSATION

 

Accounting for stock options issued to employees measures the cost of employee services received in exchange for an award of equity instruments based on the grant-date fair value of the award. That cost is recognized over the period during which an employee is required to provide service in exchange for the award. Outstanding options to purchase Class A common stock (“the Options”) vest in three equal annual installments beginning one (1) year from the date of grant and are subject to termination provisions as defined in our 2005 Stock Incentive Plan and 2018 Omnibus Incentive Plan (collectively referred to as “the Plans”). The Options activity during the three months ended March 31, 2025 is as follows:

 

   Number of
Shares		   Weighted
Average
Exercise
Price		   Weighted
Average
Years
Remaining
Contractual
Term		   Aggregate
Intrinsic
Value		 
Outstanding at December 31, 2024   201,600   $3.22    5.2   $30,000 
Granted   -                
Forfeited   -                
Outstanding at March 31, 2025   201,600   $3.21    5.0   $26,900 
Exercisable at March 31, 2025   161,400   $3.24    4.5   $26,900 

 

At March 31, 2025, the range of individual outstanding weighted average exercise prices was $2.63 to $3.95 and the unrecognized compensation expense was approximately $3,000. Stock based compensation recorded in the three months ended March 31, 2025 and March 31, 2024 was $1,000 and $4,000, respectively, and is included in selling, general and administrative expenses on the accompanying Condensed Consolidated Statements of Operations and Comprehensive Income.