v3.25.2
Note 13 - Share-based Compensation
6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

NOTE 13 — SHARE-BASED COMPENSATION 

There was no stock option activity during the six months ended June 30, 2025 and June 30, 2024 and no stock options were outstanding as of June 30, 2025 or June 30, 2024.

 

The following table summarizes the Company’s restricted stock unit and performance award activity during the six months ended June 30, 2025

 

 

      

Weighted Average

 
  

Number of

  

Grant-Date Fair Value

 
  

Shares

  

Per Share

 

Unvested as of December 31, 2024

  823,808  $2.96 

Granted

  621,206  $1.89 

Vested

  (547,066) $2.67 

Unvested as of June 30, 2025

  897,948  $2.47 

 

Under certain situations, shares are withheld from issuance to cover taxes for the vesting of restricted stock units and performance awards. For the six months ended June 30, 2025 and 2024, 169,390 and 46,668 shares, respectively, were withheld to cover tax obligations. 

 

The following table summarizes share-based compensation expense included in the Company’s condensed consolidated statements of operations for the six months ended June 30, 2025 and 2024, as follows: 

 

  

Six Months Ended June 30,

 
  

2025

  

2024

 

Share-based compensation expense:

        

Cost of sales

 $45  $64 

Selling, general and administrative

  501   512 

Net effect of share-based compensation expense on net income

 $546  $576 

Reduction in earnings per share:

        

Basic earnings per share

 $0.02  $0.03 

Diluted earnings per share

 $0.02  $0.03