v3.26.3
Note 8 - Stock Incentive Plan
6 Months Ended
Jun. 30, 2026
Notes to Financial Statements  
Share-Based Payment Arrangement [Text Block]

8. Stock Incentive Plan

 

A summary of the status of the Company’s unvested shares as of January 1, 2026, and changes during the six-month period ended June 30, 2026, are presented below:

 

Unvested Shares

 

Shares

   

Weighted-Average

Grant-Date Fair Value

 

Unvested on January 1, 2026

    93,900       13.62  

Granted

    -       -  

Vested

    -       -  

Forfeited

    (500 )     14.06  

Unvested on June 30, 2026

    93,400       13.62  

 

As of June 30, 2026, there was $669,243 of total unrecognized compensation cost related to unvested share-based compensation arrangements granted. That cost is expected to be recognized over a weighted-average period of 0.55 years. The share-based compensation recognized relating to the unvested shares was $494,250 and $473,214 for the six-month periods ended June 30, 2025 and 2026, respectively, and is included within “General and administrative expenses” in the unaudited condensed consolidated statements of operations.