v3.25.2
Stockholders' Equity (Tables)
 6 Months Ended
Jun. 30, 2025
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of Stock Option Plan Activity

The following is a summary of the stock option plan activity during the six months ended June 30, 2025 and 2024:

 

 

2025

 

 

2024

 

 

 

Number of

 

 

Weighted Average

 

 

Number of

 

 

Weighted Average

 

 

 

Options

 

 

Exercise Price

 

 

Options

 

 

Exercise Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at beginning of the year

 

 

593,378

 

 

$

9.06

 

 

 

599,597

 

 

$

9.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Granted

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Forfeited

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding at end of the period

 

 

593,378

 

 

$

9.06

 

 

 

599,597

 

 

$

9.00

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercisable at end of the period

 

 

593,378

 

 

$

9.06

 

 

 

387,110

 

 

$

11.06

 
Summary of Restricted Share Activity

The following is a summary of the restricted share activity during the six months ended June 30, 2025 and 2024:

 

 

June 30, 2025

 

 

June 30, 2024

 

 

 

Number of

 

 

Weighted Average

 

 

Number of

 

 

Weighted Average

 

 

 

Restricted Shares

 

 

Award Price

 

 

Restricted Shares

 

 

Award Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Restricted Shares outstanding at beginning of the year

 

 

-

 

 

$

-

 

 

 

86,667

 

 

$

4.51

 

Vested

 

 

-

 

 

 

-

 

 

 

(86,667

)

 

$

4.51

 

Restricted Shares outstanding at end of period

 

 

-

 

 

$

-

 

 

 

-

 

 

$

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock compensation expense for restricted stock for the three and six months ended June 30, 2025 and 2024 was nil for 2025 and approximately $5 thousand and $76 thousand, respectively for 2024. There was nil unrecognized compensation cost associated with unvested restricted stock remaining as of June 30, 2025.
Summary of Stock Warrants

The following is a summary of the warrant activity during the six months ended June 30, 2025 and 2024:

 

 

2025

 

 

2024

 

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

 

Number of Warrants

 

 

Weighted Average Exercise Price

 

Warrants outstanding at beginning of the year

 

 

4,747,547

 

 

$

2.93

 

 

 

1,274,807

 

 

$

30.04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Issued

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Exercised

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Expired

 

 

(36,316

)

 

 

2.88

 

 

 

-

 

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants outstanding and exercisable at end of the year

 

 

4,711,231

 

 

$

2.93

 

 

 

1,274,807

 

 

$

30.04