Stockholders Equity |
3 Months Ended |
|---|---|
Mar. 31, 2025 | |
| Stockholders Equity | |
| Stockholders' Equity | 11. Stockholders’ Equity
Common Stock
The Company is authorized to issue 30,000,000 shares of common stock, $0.001 par value per share. As of March 31, 2025, there were 9,563,904 shares issued and outstanding.
During the three month period ended March 31, 2025, there were 103,013 shares of common stock vested in accordance with the vesting terms of the restricted stock awards (RSAs). Certain employees received less than the shares vested because they elected to have a total of 24,614 shares withheld in satisfaction of the employees corresponding tax liability of approximately $115,200. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the consolidated statement of cash flows.
During the three-month period ended March 31, 2024, there were 503,313 shares of common stock vested in accordance with the vesting terms of the RSAs. Certain employees received less than the shares vested because they elected to have a total of 84,772 shares withheld in satisfaction of the employees corresponding tax liability of approximately $218,800. The Company’s payment of this tax liability was recorded as a cash flow from financing activity on the consolidated statement of cash flows.
There were no stock option exercises during the three month periods ended March 31, 2025 and 2024. |