Note 5 - Stock-based Compensation

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Shareholders' Equity and Share-Based Payments [Text Block]

5.	*STOCK-BASED COMPENSATION*

We recorded non-cash stock compensation expense in each period as follows:

		Three-month period ended
		March 31,				March 31,
		2026				2025
Stock options		$	78			$	188
Restricted stock			(79	)			39
Total		$	(1	)		$	227

We have stock options outstanding from various stock-based employee compensation plans for which we record compensation cost relating to share-based payment transactions in our financial statements. As of March 31, 2026, there was $308 of total unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 1.1 years.

The following table summarizes stock option activity for the three-month period ended March 31, 2026:

		Number of Shares				Weighted Average Exercise Price				Weighted Average Remaining Contractual Term (years)				Aggregate Intrinsic Value
Outstanding at January 1, 2026			967,351			$	6.95
Granted			5,000			$	5.92
Exercised			-				-
Forfeited or expired			(8,869	)		$	6.58
Outstanding at March 31, 2026			963,482			$	6.95				3.60			$	250
Vested and expected to vest at March 31, 2026			908,569			$	6.92				3.49			$	249
Exercisable at March 31, 2026			735,301			$	6.77				3.02			$	247

Cash received from stock option exercises under our stock-based compensation plans for the three-month periods ended March 31, 2026, and 2025 was $0, respectively.

Restricted stock awards vest in equal annual installments over three (3) years. Unrecognized compensation cost related to unvested restricted shares at March 31, 2026, and 2025, respectively, was $75 and $216.