Share-based compensation expense was $123 and $268 for the three and six months ended June 30, 2025, respectively, and $2,196 and $2,601 for the three and six months ended June 30, 2024, respectively.

Stock option activity for the six months ended June 30, 2025 was as follows:


	Number of Options			Weighted Average Exercise Price		Weighted Average Remaining Contractual Term (years)		Aggregate Intrinsic Value
Outstanding at December 31, 2024		6,968,409		$	3.30		6.79	$	90
Granted		450,000		$	0.76		4.80	$	—
Forfeited/expired		(78,000	)	$	3.41
Outstanding at June 30, 2025		7,340,409		$	3.15		6.07	$	731
Exercisable at June 30, 2025		4,988,752		$	4.17		5.81	$	288

Restricted shares activity for the six months ended June 30, 2025 was as follows:


	Number of Restricted Stock Grants			Weighted Average Grant Date Fair Value
Outstanding at December 31, 2024		700,860		$	0.86
Granted		2,358,198			0.60
Vested and issued		(306,120	)		0.98
Forfeited		(73,566	)		0.60
Outstanding at June 30, 2025		2,679,372		$	0.62
Exercisable at June 30, 2025		—		$	-