v3.26.1
Stock-based Compensation
 3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
Stock-based Compensation Stock-based Compensation
The Company’s 2019 Omnibus Stock Incentive Plan (the “2019 Plan”) provides for granting stock options, restricted stock awards, and restricted stock units to employees, directors, contractors and consultants of the Company. On August 9, 2024, the Company's shareholders approved an amendment to the 2019 Plan that increased the share reserve of the 2019 Plan by 1,600,000 shares from 5,760,778 shares to 7,360,778 shares. On August 20, 2025, the Company's shareholders
approved an amendment to the 2019 Plan that increased the share reserve of the 2019 Plan by 1,300,000 shares from 7,360,778 to 8,660,778 shares.
Restricted Stock Awards
The following is the restricted stock award activity for the three months ended March 31, 2026:
SharesWeighted Average Grant Date Fair Value
Nonvested at December 31, 2025134,581$2.88 
Granted— — 
Vested(34,375)3.67 
Forfeited— — 
Nonvested at March 31, 2026100,206$2.61 
Restricted Stock Unit Awards
During 2025, the Company commenced granting restricted stock units to employees and agents.
The following is the restricted stock unit award activity for the three months ended March 31, 2026:
SharesWeighted Average Grant Date Fair Value
Nonvested at December 31, 20252,048,090$1.36 
Granted619,1870.93 
Vested(608,011)1.35 
Forfeited(10,273)1.94 
Nonvested at March 31, 20262,048,993$1.23 
Stock Option Awards
The Company did not grant stock option awards during the three month period ended March 31, 2026.
Stock-based Compensation expense
Stock-based compensation expense related to all awards issued under the Company’s stock compensation plans for the three months ended March 31, 2026 and 2025 was as follows (amounts in thousands):
Three Months Ended
March 31,
20262025
Commission and service costs$299 $663 
General and administrative288 813 
Marketing1 30 
Total stock-based compensation$588 $1,506 
At March 31, 2026, the total unrecognized compensation cost related to nonvested restricted stock awards was approximately $0.1 million, which is expected to be recognized over a weighted average period of approximately sixteen months.
At March 31, 2026, the total unrecognized compensation cost related to nonvested restricted stock units was $1.3 million, which the Company expects to recognize over a weighted average period of approximately twelve months.