Stock Based Compensation |
6 Months Ended |
|---|---|
Jun. 30, 2025 | |
| Share-Based Payment Arrangement [Abstract] | |
| Stock Based Compensation | 6. Stock Based Compensation The Company recognizes share-based compensation at the fair value of the equity instrument on the grant date. Compensation expense is recognized over the required service period, which is generally the vesting period of the equity instrument. Share-based compensation expense was approximately $374,000 and $787,000 for the three and six months ended June 30, 2025 compared to approximately $433,000 and $882,000 for the three and six months ended June 30, 2024, respectively. As of June 30, 2025, there was a total of $1,488,648 of unrecognized compensation cost, adjusted for estimated forfeitures, related to non-vested share-based payments granted to the Company’s employees. As of that date, the remaining unamortized expense was expected to be recognized over a weighted average period of approximately two years. |