XML 24 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Share-Based Compensation
 3 Months Ended
Mar. 31, 2025
Share-based Compensation  
Share-based Compensation

8. Share-based Compensation

The Company uses judgment in determining the fair value of the share-based payments on the date of grant using an option-pricing model with assumptions regarding a number of highly complex and subjective variables. These variables include, but are not limited to, the risk-free interest rate of the awards, the expected life of the awards, the expected volatility over the term of the awards, and the expected dividends of the awards. The Company uses the Black-Scholes option pricing model to determine the fair value of share-based payments granted under the guidelines of ASC Topic 718. 

 

A summary of the stock option activity under the Company’s plans for the three months ended March 31, 2025, is as follows:


 

 

Number of shares

 

 

Weighted average exercise price

 

Options outstanding at beginning of year

 

 

569,016

 

 

$

3.32

 

Granted

 

 

—

 

 

 

—

 

Less:

 

 

 

 

 

 

 

 

Exercised

 

 

—

 

 

 

—

 

Forfeited prior to vesting

 

 

—

 

 

—

 

Canceled or expired

 

 

—

 

 

—

 

Options outstanding at March 31, 2025

 

 

569,016

 

 

 

3.32

 

Options exercisable at end of March 31, 2025

 

 

345,888

 

 

$

5.04

 

 

As of March 31, 2025, the total remaining unrecognized compensation cost related to non-vested stock options, net of forfeitures, was approximately $88, which will be recognized over a weighted average period of 1.35 years.


Share based compensation expense has been recorded as follows: 

 

 

 

Three months ended March 31,

 

 

 

2025

 

 

2024

 

Cost of goods sold

 

$

—

 

 

$

2

 

Sales and marketing

 

 

1

 

 

 

2

 

Research and product development

 

 

4

 

 

 

12

 

General and administrative

 

 

18

 

 

 

10

 

 

 

$

23

 

 

$

26