RESTRICTED STOCK UNITS

3 Months Ended

Mar. 31, 2026

8. RESTRICTED STOCK UNITS

A summary of restricted stock unit activity for the three months ended March 31, 2026 is presented below.

				Weighted-
				Average
				Grant Date
	Shares			Fair Value

Outstanding at January 1, 2026		1,712,657		$	7.67
Granted		-			-
Vested/deemed vested		-			-
Forfeited		(12,146	)		19.76
Outstanding at March 31, 2026		1,700,511		$	7.59
Awards Vested at March 31, 2026		47,824		$	6.97
Awards Non-Vested at March 31, 2026		1,652,687		$	7.60

The total stock compensation expense recognized relating to the vesting of restricted stock units for the three months ended March 31, 2026 and 2025 amounted to $1,122 and $841, respectively. As of March 31, 2026, the amount of unvested compensation related to issuances of restricted stock units was $9,884 which will be recognized as an expense in future periods as the shares vest. See Note 15 – Subsequent Events.