v3.25.2
Pay vs Performance Disclosure - USD ($)
12 Months Ended
Apr. 30, 2025
Apr. 30, 2024
Apr. 30, 2023
Pay vs Performance Disclosure      
Pay vs Performance Disclosure, Table
PAY VERSUS PERFORMANCE
For the purposes of this Section, we have elected to take advantage of certain of the scaled disclosure available to the Company for smaller reporting companies. As required by Section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and Item 402(v) of Regulation S-K, we are providing the following information about the relationship between executive compensation actually paid to certain individuals by the Company and certain financial performance of the Company.
For further information concerning the Company’s pay-for-performance philosophy and how the Company aligns executive compensation with the Company’s performance, refer to the Compensation Discussion and Analysis section and the executive compensation tables contained in this Proxy Statement.
Fiscal
Year
Summary
Compensation
Table
Total for
PEO1
Compensation
Actually
Paid to
PEO2
Average
Summary
Compensation
Table
Total for
Non-PEO
NEOs3
Average
Compensation
Actually
Paid to
Non-PEO
NEOs4
Value of Initial
Fixed $100
Investment
Based On
Company Total
Shareholder
Return5
Net
Income
(thousands)6
(a)
(b)
(c)
(d)
(e)
(f)
(g)
2025
$1,811,359
$1,834,449
$835,746
$855,412
$263.92
$11,405
2024
$2,120,403
$3,761,783
$752,322
$1,238,630
$297.50
$18,753
2023
$965,685
$1,070,045
$554,457
$598,100
$135.42
$738
1
This column represents the amount of total compensation reported for Mr. Hull (our President and Chief Executive Officer) for each corresponding fiscal year in the “Total” column of the Summary Compensation Table (“total compensation”). For further information concerning Mr. Hull’s total compensation, please refer to the Summary Compensation Table in the applicable proxy statement.
2
This column represents the amount of “compensation actually paid” to Mr. Hull, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Hull during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Hull’s total compensation for fiscal year 2025 to determine the compensation actually paid:
Fiscal
Year
Reported
Summary
Compensation
Table Total
for PEO(a)
Reported
Summary
Compensation
Table Value of
PEO Equity
Awards(b)
Adjusted
Value of
Equity
Awards(c)
Compensation
Actually Paid to
PEO
2025
$1,811,359
$741,940
$765,030
$1,834,449
a.
This column represents the amount of total compensation reported for Mr. Hull for fiscal year 2025 in the “Total” column of the Summary Compensation Table. For further information concerning Mr. Hull’s total compensation, please refer to the Summary Compensation Table in the proxy statement.
b.
This column represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year. For further information concerning Mr. Hull’s equity awards, please refer to the Summary Compensation Table in this Proxy Statement. The amount in this column is replaced with the amount reported under the “Adjusted Value of Equity Awards” column in order to arrive at compensation actually paid for fiscal year 2025.
c.
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for fiscal year 2025 (the “Subject Year”). For a Subject Year, the adjusted amount in the “Adjusted Value of Equity Awards” column replaces the “Stock Awards” column in the Summary Compensation Table for Mr. Hull to arrive at compensation actually paid to Mr. Hull for the Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for the Subject Year: (i) the fiscal year-end fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
Fiscal
Year
Fiscal Year
End Fair
Value of
Equity
Awards
Granted in
the Fiscal
Year
Fiscal Year
over Fiscal
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards at
FYE Granted
in Prior
Fiscal Years
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
and
Vested in
the Fiscal
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Fiscal
Years
that
Vested in
the Fiscal
Year
Fair Value
at the End
of the Prior
Fiscal Year
of Equity
Awards that
Failed to
Meet
Vesting
Conditions
in the Fiscal
Year
Value of
Dividends or
other Earnings
Paid on Stock
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
in the
Summary
Compensation
Table for the
Fiscal Year
Adjusted
Value of
Equity
Awards
2025
$815,439
$(171,481)
$121,072
$765,030
The fair value or change in fair value, as applicable, of stock awards was determined by reference to (1) with respect to RSUs without a performance condition, the closing price of our common stock on the applicable measurement date and (2) with respect to performance-based RSUs, the probability achievement of the related performance condition(s) on the applicable measurement date. The valuation assumptions used to calculate fair values did not otherwise materially differ from those at the time of grant.
3
This column represents the average of the amounts reported for the Company’s named executive officers as determined in accordance with Item 402(m)(2) of Regulation S-K (NEOs) as a group (excluding Mr. Hull), as reported in the “Total” column of the Summary Compensation Table in each applicable fiscal year. For further information concerning our NEOs’ (excluding Mr. Hull) total compensation, please refer to the Summary Compensation Table in the applicable proxy statement for the applicable fiscal year. The names of each of the NEOs (excluding Mr. Hull) included for purposes of calculating the average amounts in each applicable fiscal year are as follows: (i) for 2025, Messrs. Gardner and Batdorff, (ii) for 2024, Messrs. Gardner and Batdorff, and (iii) for 2023, Messrs. Gardner and Batdorff.
4
This column represents the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Hull), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Hull) during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Hull) for fiscal year 2025 to determine the compensation actually paid, using the same adjustment methodology described above in Note 2(c):
Fiscal Year
Average
Reported
Summary
Compensation
Table Total
for Non-PEO
NEOs(a)
Average
Reported
Summary
Compensation
Table Value of
Non-PEO NEO
Equity
Awards(b)
Average Non-
PEO NEO
Adjusted
Value of
Equity
Awards(c)
Average
Compensation
Actually Paid to
Non-PEO NEOs
2025
$835,746
$222,915
$242,581
$855,412
a.
This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Hull) in the “Total” column of the Summary Compensation Table in the applicable fiscal year. For further information concerning our NEOs’ (excluding Mr. Hull) total compensation, please refer to the Summary Compensation Table in this Proxy Statement for the applicable fiscal year.
b.
This column represents the average of the total amounts reported for the NEOs as a group (excluding Mr. Hull) in the “Stock Awards” column in the Summary Compensation Table in the applicable fiscal year. For further information concerning our NEOs’ (excluding Mr. Hull) equity awards, please refer to the Summary Compensation Table in the proxy statement for the applicable fiscal year. The amount in this column is replaced with the amount reported under the “Average Non-PEO NEO Adjusted Value of Equity Awards” column in order to arrive at compensation actually paid for fiscal year 2025.
c.
This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding Mr. Hull) in the “Stock Awards” column in the Summary Compensation Table in the applicable fiscal year determined using the same methodology described above in Note 2(c). For each fiscal year, the adjusted amount in the “Average Non-PEO NEO Adjusted Value of Equity Awards” column replaces the “Stock Awards” column in the Summary Compensation Table for each NEO (excluding Mr. Hull) to arrive at compensation actually paid to each NEO (excluding Mr. Hall) for that fiscal year, which is then averaged to determine the average compensation actually paid to the NEOs (excluding Mr. Hull) for that fiscal year. The amounts added or subtracted to determine the adjusted average amount for fiscal year 2025 are as follows:
Fiscal Year
Average
Fiscal
Year End
Fair Value
of Equity
Awards
Granted in
the Fiscal
Year
Average
Fiscal Year
over Fiscal
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards at
FYE Granted
in Prior
Fiscal Years
Average
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
in the
Fiscal
Year and
Vested in
the Fiscal
Year
Average
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Fiscal
Years
that
Vested in
the Fiscal
Year
Average
Fair Value
at the End
of the Prior
Fiscal Year
of Equity
Awards that
Failed to
Meet
Vesting
Conditions
in the Fiscal
Year
Average Value
of Dividends or
other Earnings
Paid on Stock
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
in the
Summary
Compensation
Table for the
Fiscal Year
Adjusted
Average
Value of
Equity
Awards
2025
$245,047
$(49,303)
$46,837
$242,581
5
Company total shareholder return (TSR) is calculated by assuming that a $100 investment was made on the day prior to the first fiscal year reported and reinvesting all dividends until the last day of each reported fiscal year.
6
This column represents the amount of net income reflected in the Company’s audited financial statements for the applicable fiscal year.
   
Named Executive Officers, Footnote
1
This column represents the amount of total compensation reported for Mr. Hull (our President and Chief Executive Officer) for each corresponding fiscal year in the “Total” column of the Summary Compensation Table (“total compensation”). For further information concerning Mr. Hull’s total compensation, please refer to the Summary Compensation Table in the applicable proxy statement.
3
This column represents the average of the amounts reported for the Company’s named executive officers as determined in accordance with Item 402(m)(2) of Regulation S-K (NEOs) as a group (excluding Mr. Hull), as reported in the “Total” column of the Summary Compensation Table in each applicable fiscal year. For further information concerning our NEOs’ (excluding Mr. Hull) total compensation, please refer to the Summary Compensation Table in the applicable proxy statement for the applicable fiscal year. The names of each of the NEOs (excluding Mr. Hull) included for purposes of calculating the average amounts in each applicable fiscal year are as follows: (i) for 2025, Messrs. Gardner and Batdorff, (ii) for 2024, Messrs. Gardner and Batdorff, and (iii) for 2023, Messrs. Gardner and Batdorff.
   
PEO Total Compensation Amount $ 1,811,359 $ 2,120,403 $ 965,685
PEO Actually Paid Compensation Amount $ 1,834,449 3,761,783 1,070,045
Adjustment To PEO Compensation, Footnote
2
This column represents the amount of “compensation actually paid” to Mr. Hull, as computed in accordance with Item 402(v) of Regulation S-K. The amounts do not reflect the actual amount of compensation earned by or paid to Mr. Hull during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to Mr. Hull’s total compensation for fiscal year 2025 to determine the compensation actually paid:
Fiscal
Year
Reported
Summary
Compensation
Table Total
for PEO(a)
Reported
Summary
Compensation
Table Value of
PEO Equity
Awards(b)
Adjusted
Value of
Equity
Awards(c)
Compensation
Actually Paid to
PEO
2025
$1,811,359
$741,940
$765,030
$1,834,449
a.
This column represents the amount of total compensation reported for Mr. Hull for fiscal year 2025 in the “Total” column of the Summary Compensation Table. For further information concerning Mr. Hull’s total compensation, please refer to the Summary Compensation Table in the proxy statement.
b.
This column represents the grant date fair value of equity awards reported in the “Stock Awards” column in the Summary Compensation Table for the applicable fiscal year. For further information concerning Mr. Hull’s equity awards, please refer to the Summary Compensation Table in this Proxy Statement. The amount in this column is replaced with the amount reported under the “Adjusted Value of Equity Awards” column in order to arrive at compensation actually paid for fiscal year 2025.
c.
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for fiscal year 2025 (the “Subject Year”). For a Subject Year, the adjusted amount in the “Adjusted Value of Equity Awards” column replaces the “Stock Awards” column in the Summary Compensation Table for Mr. Hull to arrive at compensation actually paid to Mr. Hull for the Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for the Subject Year: (i) the fiscal year-end fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
Fiscal
Year
Fiscal Year
End Fair
Value of
Equity
Awards
Granted in
the Fiscal
Year
Fiscal Year
over Fiscal
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards at
FYE Granted
in Prior
Fiscal Years
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
and
Vested in
the Fiscal
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Fiscal
Years
that
Vested in
the Fiscal
Year
Fair Value
at the End
of the Prior
Fiscal Year
of Equity
Awards that
Failed to
Meet
Vesting
Conditions
in the Fiscal
Year
Value of
Dividends or
other Earnings
Paid on Stock
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
in the
Summary
Compensation
Table for the
Fiscal Year
Adjusted
Value of
Equity
Awards
2025
$815,439
$(171,481)
$121,072
$765,030
The fair value or change in fair value, as applicable, of stock awards was determined by reference to (1) with respect to RSUs without a performance condition, the closing price of our common stock on the applicable measurement date and (2) with respect to performance-based RSUs, the probability achievement of the related performance condition(s) on the applicable measurement date. The valuation assumptions used to calculate fair values did not otherwise materially differ from those at the time of grant.
   
Non-PEO NEO Average Total Compensation Amount $ 835,746 752,322 554,457
Non-PEO NEO Average Compensation Actually Paid Amount $ 855,412 1,238,630 598,100
Adjustment to Non-PEO NEO Compensation Footnote
4
This column represents the average amount of “compensation actually paid” to the NEOs as a group (excluding Mr. Hull), as computed in accordance with Item 402(v) of Regulation S-K. The dollar amounts do not reflect the actual average amount of compensation earned by or paid to the NEOs as a group (excluding Mr. Hull) during the applicable fiscal year. In accordance with the requirements of Item 402(v) of Regulation S-K, the following adjustments were made to average total compensation for the NEOs as a group (excluding Mr. Hull) for fiscal year 2025 to determine the compensation actually paid, using the same adjustment methodology described above in Note 2(c):
Fiscal Year
Average
Reported
Summary
Compensation
Table Total
for Non-PEO
NEOs(a)
Average
Reported
Summary
Compensation
Table Value of
Non-PEO NEO
Equity
Awards(b)
Average Non-
PEO NEO
Adjusted
Value of
Equity
Awards(c)
Average
Compensation
Actually Paid to
Non-PEO NEOs
2025
$835,746
$222,915
$242,581
$855,412
a.
This column represents the average of the amounts reported for the Company’s NEOs as a group (excluding Mr. Hull) in the “Total” column of the Summary Compensation Table in the applicable fiscal year. For further information concerning our NEOs’ (excluding Mr. Hull) total compensation, please refer to the Summary Compensation Table in this Proxy Statement for the applicable fiscal year.
b.
This column represents the average of the total amounts reported for the NEOs as a group (excluding Mr. Hull) in the “Stock Awards” column in the Summary Compensation Table in the applicable fiscal year. For further information concerning our NEOs’ (excluding Mr. Hull) equity awards, please refer to the Summary Compensation Table in the proxy statement for the applicable fiscal year. The amount in this column is replaced with the amount reported under the “Average Non-PEO NEO Adjusted Value of Equity Awards” column in order to arrive at compensation actually paid for fiscal year 2025.
c.
This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding Mr. Hull) in the “Stock Awards” column in the Summary Compensation Table in the applicable fiscal year determined using the same methodology described above in Note 2(c). For each fiscal year, the adjusted amount in the “Average Non-PEO NEO Adjusted Value of Equity Awards” column replaces the “Stock Awards” column in the Summary Compensation Table for each NEO (excluding Mr. Hull) to arrive at compensation actually paid to each NEO (excluding Mr. Hall) for that fiscal year, which is then averaged to determine the average compensation actually paid to the NEOs (excluding Mr. Hull) for that fiscal year. The amounts added or subtracted to determine the adjusted average amount for fiscal year 2025 are as follows:
Fiscal Year
Average
Fiscal
Year End
Fair Value
of Equity
Awards
Granted in
the Fiscal
Year
Average
Fiscal Year
over Fiscal
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards at
FYE Granted
in Prior
Fiscal Years
Average
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
in the
Fiscal
Year and
Vested in
the Fiscal
Year
Average
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Fiscal
Years
that
Vested in
the Fiscal
Year
Average
Fair Value
at the End
of the Prior
Fiscal Year
of Equity
Awards that
Failed to
Meet
Vesting
Conditions
in the Fiscal
Year
Average Value
of Dividends or
other Earnings
Paid on Stock
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
in the
Summary
Compensation
Table for the
Fiscal Year
Adjusted
Average
Value of
Equity
Awards
2025
$245,047
$(49,303)
$46,837
$242,581
   
Compensation Actually Paid vs. Total Shareholder Return
Compensation Actually Paid and Cumulative Company TSR
The compensation actually paid to our PEO, as computed in accordance with the requirements of Item 402(v) of Regulation S-K, was $1,834,449, $3,761,783, and $1,070,045 for fiscal years 2025, 2024, and 2023, respectively. The average amount of compensation actually paid to the NEOs as a group (excluding Mr. Hull), as computed in accordance with Item 402(v) of Regulation S-K, was $855,412, $1,238,630, and $598,100 for fiscal years 2025, 2024, and 2023, respectively. The TSR of the Company, assuming an initial fixed $100 investment and computed in accordance with the requirements of Item 402(v) of Regulation S-K, was $263.92, $297.50, and $135.42 for fiscal years 2025, 2024, and 2023 respectively. Please see Note 5 above for additional information related to the computation of Company TSR. Consequently, $100 invested in the Company immediately prior to the beginning of fiscal year 2023 increased by 163.92% to $263.92 by the end of fiscal year 2025. Over that same period, compensation actually paid to our PEO, and the average amount of compensation actually paid to the NEOs as a group (excluding Mr. Hull), also increased but with less magnitude.
   
Compensation Actually Paid vs. Net Income
Compensation Actually Paid and Company Net Income
The compensation actually paid to our PEO, as computed in accordance with the requirements of Item 402(v) of Regulation S-K, was $1,834,449, $3,761,783, and $1,070,045 for fiscal years 2025, 2024, and 2023, respectively. The average amount of compensation actually paid to the NEOs as a group (excluding Mr. Hull), as computed in accordance with Item 402(v) of Regulation S-K, was $855,412, $1,238,630, and $598,100 for fiscal years 2025, 2024, and 2023, respectively. The Company’s net income, as computed in accordance with Item 402(v) of Regulation S-K and reflected in the Company’s audited financial statements for the applicable fiscal year, was $11,405,000, $18,753,000, and $738,000 for fiscal years 2025, 2024, and 2023, respectively. Consequently, net income for fiscal year 2025 was over 1,400% higher than net income for fiscal year 2023. Over that same period, compensation actually paid to our PEO, and the average amount of compensation actually paid to the NEOs as a group (excluding Mr. Hull), also increased but with less magnitude.
   
Total Shareholder Return Amount $ 263.92 297.5 135.42
Net Income (Loss) $ 11,405,000 $ 18,753,000 $ 738,000
PEO Name Mr. Hull Mr. Hull Mr. Hull
Equity Awards Adjustments, Footnote
c.
This column represents an adjustment to the amounts in the “Stock Awards” column in the Summary Compensation Table for fiscal year 2025 (the “Subject Year”). For a Subject Year, the adjusted amount in the “Adjusted Value of Equity Awards” column replaces the “Stock Awards” column in the Summary Compensation Table for Mr. Hull to arrive at compensation actually paid to Mr. Hull for the Subject Year. The adjusted amount is determined by adding (or subtracting, as applicable) the following for the Subject Year: (i) the fiscal year-end fair value of any equity awards granted in the Subject Year that are outstanding and unvested as of the end of the Subject Year; (ii) the amount of change as of the end of the Subject Year (from the end of the prior fiscal year) in the fair value of any awards granted in prior fiscal years that are outstanding and unvested as of the end of the Subject Year; (iii) for awards that are granted and vest in the Subject Year, the fair value as of the vesting date; (iv) for awards granted in prior fiscal years that vest in the Subject Year, the amount equal to the change as of the vesting date (from the end of the prior fiscal year) in the fair value; (v) for awards granted in prior fiscal years that are determined to fail to meet the applicable vesting conditions during the Subject Year, a deduction for the amount equal to the fair value at the end of the prior fiscal year; and (vi) the dollar value of any dividends or other earnings paid on stock awards in the Subject Year prior to the vesting date that are not otherwise reflected in the fair value of such award or included in any other component of total compensation for the Subject Year. The amounts added or subtracted to determine the adjusted amount are as follows:
Fiscal
Year
Fiscal Year
End Fair
Value of
Equity
Awards
Granted in
the Fiscal
Year
Fiscal Year
over Fiscal
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards at
FYE Granted
in Prior
Fiscal Years
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
and
Vested in
the Fiscal
Year
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Fiscal
Years
that
Vested in
the Fiscal
Year
Fair Value
at the End
of the Prior
Fiscal Year
of Equity
Awards that
Failed to
Meet
Vesting
Conditions
in the Fiscal
Year
Value of
Dividends or
other Earnings
Paid on Stock
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
in the
Summary
Compensation
Table for the
Fiscal Year
Adjusted
Value of
Equity
Awards
2025
$815,439
$(171,481)
$121,072
$765,030
c.
This column represents an adjustment to the average of the amounts reported for the NEOs as a group (excluding Mr. Hull) in the “Stock Awards” column in the Summary Compensation Table in the applicable fiscal year determined using the same methodology described above in Note 2(c). For each fiscal year, the adjusted amount in the “Average Non-PEO NEO Adjusted Value of Equity Awards” column replaces the “Stock Awards” column in the Summary Compensation Table for each NEO (excluding Mr. Hull) to arrive at compensation actually paid to each NEO (excluding Mr. Hall) for that fiscal year, which is then averaged to determine the average compensation actually paid to the NEOs (excluding Mr. Hull) for that fiscal year. The amounts added or subtracted to determine the adjusted average amount for fiscal year 2025 are as follows:
Fiscal Year
Average
Fiscal
Year End
Fair Value
of Equity
Awards
Granted in
the Fiscal
Year
Average
Fiscal Year
over Fiscal
Year Change
in Fair Value
of
Outstanding
and Unvested
Equity
Awards at
FYE Granted
in Prior
Fiscal Years
Average
Fair
Value as
of
Vesting
Date of
Equity
Awards
Granted
in the
Fiscal
Year and
Vested in
the Fiscal
Year
Average
Change
in Fair
Value of
Equity
Awards
Granted
in Prior
Fiscal
Years
that
Vested in
the Fiscal
Year
Average
Fair Value
at the End
of the Prior
Fiscal Year
of Equity
Awards that
Failed to
Meet
Vesting
Conditions
in the Fiscal
Year
Average Value
of Dividends or
other Earnings
Paid on Stock
Awards not
Otherwise
Reflected in
Fair Value or
Total
Compensation
in the
Summary
Compensation
Table for the
Fiscal Year
Adjusted
Average
Value of
Equity
Awards
2025
$245,047
$(49,303)
$46,837
$242,581
   
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ (741,940)    
PEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 765,030    
PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 815,439    
PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (171,481)    
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 121,072    
PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
PEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (222,915)    
Non-PEO NEO | Equity Awards Adjustments, Excluding Value Reported in Compensation Table      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 242,581    
Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 245,047    
Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount (49,303)    
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 46,837    
Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount 0    
Non-PEO NEO | Dividends or Other Earnings Paid on Equity Awards not Otherwise Reflected in Total Compensation for Covered Year      
Pay vs Performance Disclosure      
Adjustment to Compensation, Amount $ 0