v3.26.1
Note 5 - Stock-based Compensation
6 Months Ended
Jun. 30, 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

   

Six-month period ended

 
   

June 30,

   

June 30,

   

June 30,

   

June 30,

 
   

2026

   

2025

   

2026

   

2025

 

Stock options

  $ 77     $ 190     $ 155     $ 378  

Restricted stock

    13       45       (66 )     84  

Total

  $ 90     $ 235     $ 89     $ 462  

 

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 June 30, 2026, there was $232 of total unrecognized compensation cost related to outstanding stock options, which is expected to be recognized over a weighted average period of 0.8 years.

 

The following table summarizes stock option activity for the six-month period ended June 30, 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

    (6,766 )   $ 5.27                  

Forfeited or expired

    (20,140 )   $ 7.19                  

Outstanding at June 30, 2026

    945,445     $ 6.96       3.30     $ 199  

Vested and expected to vest at June 30, 2026

    892,666     $ 6.92       3.19     $ 198  

Exercisable at June 30, 2026

    726,427     $ 6.78       2.73     $ 197  

 

Cash received from stock option exercises under our stock-based compensation plans for the three-month periods ended June 30, 2026, and June 30, 2025, was $36 and $61, respectively. Cash received from stock option exercises under our stock-based compensation plans for the six-month periods ended June 30, 2026, and June 30, 2025, was $36 and $61, respectively.

 

Restricted stock awards vest in equal annual installments over three (3) years. Unrecognized compensation cost related to unvested restricted shares at June 30, 2026, and 2025, respectively, was $59 and $171.