| Year | Summary Compensation Table Total for PEO(1) | Compensation Actually Paid to PEO(2) | Average Summary Compensation Table Total for Non-PEO NEOs(3) | Average Compensation Actually Paid to Non-PEO NEOs(4) | Value of Initial Fixed $100 Investment Based on Total Shareholder Return(5) | Net Income (Loss) | ||||||||||||||||||
| 2025 | $ | 687,500 | $ | 687,500 | $ | 353,000 | $ | 353,000 | $ | 233.86 | $ | (5,999,000 | ) | |||||||||||
| 2024 | $ | 2,722,160 | $ | 2,722,160 | $ | 760,000 | $ | 395,000 | $ | 204.19 | $ | 31,855,000 | ||||||||||||
| 2023 | $ | 1,196,014 | $ | 1,230,325 | $ | 251,000 | $ | 1,133,917 | $ | 253.36 | $ | (1,898,000 | ) | |||||||||||
| (1) | The dollar amounts reported are the amounts of total compensation reported for our PEO, Nathan J. Mazurek, in the Summary Compensation Table for fiscal years 2025, 2024 and 2023. |
To calculate the amounts in the “Compensation Actually Paid to PEO” column in the table above, the following amounts were deducted from and added to (as applicable) our PEO’s total compensation as reported in the Summary Compensation Table:
| Year | Summary Compensation Table Total for PEO | Reported Value of Equity Awards for PEO(1) | Fair Value as of Year End for Unvested Awards Granted During the Year | Fair Value Year Over Year Increase or Decrease in Unvested Awards Granted in Prior Years | Fair Value of Awards Granted and Vested During the Year | Fair Value Increase or Decrease from Prior Year End For Awards That Vested During the Year | Compensation Actually Paid to PEO | |||||||||||||||||||||
| 2025 | $ | 687,500 | $ | $ | $ | $ | $ | $ | 687,500 | |||||||||||||||||||
| 2024 | $ | 2,722,160 | $ | (50,660 | ) | $ | $ | $ | 50,660 | $ | $ | 2,722,160 | ||||||||||||||||
| 2023 | $ | 1,196,014 | $ | (618,514 | ) | $ | 57,964 | $ | $ | 575,000 | $ | 19,861 | $ | 1,230,325 | ||||||||||||||
| (1) | Represents the grant date fair value of the equity awards to our PEO, as reported in the Summary Compensation Table |
To calculate the amounts in the “Average Compensation Actually Paid to Non-PEO NEOs” column in the table above, the following amounts were deducted from and added to (as applicable) the average total compensation of our Non-PEO NEOs as reported in the Summary Compensation Table:
| Year | Average Summary Compensation Table Total for Non-PEO NEOs | Reported Value of Equity Awards for Non- PEO NEOs(1) | Fair Value as of Year End for Unvested Awards Granted During the Year | Fair Value Year Over Year Increase or Decrease in Unvested Awards Granted in Prior Years | Fair Value of Awards Granted and Vested During the Year | Fair Value Increase or Decrease From Prior Year End For Awards That Vested During the Year | Average Compensation Actually Paid to Non-PEO NEOs | |||||||||||||||||||||
| 2025 | $ | 353,000 | $ | $ | $ | $ | $ | $ | 353,000 | |||||||||||||||||||
| 2024 | $ | 760,000 | $ | (296,000 | ) | $ | $ | $ | 296,000 | $ | (365,000 | ) | $ | 395,000 | ||||||||||||||
| 2023 | $ | 251,000 | $ | $ | $ | 513,750 | $ | $ | 369,167 | $ | 1,133,917 | |||||||||||||||||
| (1) | Represents the grant date fair value of the equity awards to our Non-PEO NEOs, as reported in the Summary Compensation Table |
Compensation Actually Paid and Cumulative TSR
The following chart sets forth the relationship between “compensation actually paid” to our PEO, the average of “compensation actually paid” to our NEOs, other than our PEO, and our cumulative Total Shareholder Return over the three most recently completed fiscal years:
Compensation Actually Paid and Net Income (Loss)
The following chart sets forth the relationship between “compensation actually paid” to our PEO, the average of “compensation actually paid” to our NEOs, other than our PEO, and our net income (loss) during the three most recently completed fiscal years:
| [1] | The dollar amounts reported are the amounts of total compensation reported for our PEO, Nathan J. Mazurek, in the Summary Compensation Table for fiscal years 2025, 2024 and 2023. |
| [2] | The dollar amounts reported represent the amount of “compensation actually paid”, as computed in accordance with SEC rules, for our PEO. The dollar amounts reported are the amounts of total compensation reported in the Summary Compensation Table for our PEO during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See table below for further information. |
| [3] | The dollar amounts reported are the average of the total compensation reported for our NEOs, other than our PEO, namely Mr. Michalec for fiscal years 2025, 2024 and 2023. |
| [4] | The dollar amounts reported represent the average amount of “compensation actually paid”, as computed in accordance with SEC rules, for our NEOs, other than our PEO. The dollar amounts reported are the average of the total compensation reported in the Summary Compensation Table for our NEOs, other than our PEO, during the applicable year, but also include (i) the year-end value of equity awards granted during the reported year, (ii) the change in the value of equity awards that were unvested at the end of the prior year, measured through the date the awards vested, or through the end of the reported fiscal year, and (iii) value of equity awards issued and vested during the reported fiscal year. See table below for further information. |
| [5] | Assumes an investment of $100 for the period starting on December 30, 2022 through the end of the listed fiscal year. The adjusted closing prices of a share of the Company’s common stock, as reported on Nasdaq Capital Market, were as follows: (i) $2.02 on December 30, 2022; (ii) $5.12 on December 29, 2023; (iii) $4.13 on December 31, 2024; and (iv) $4.73 on December 31, 2025. |
| [6] | Represents the grant date fair value of the equity awards to our PEO, as reported in the Summary Compensation Table |
| [7] | Represents the grant date fair value of the equity awards to our Non-PEO NEOs, as reported in the Summary Compensation Table |