Stockholders’ Equity

3 Months Ended

Mar. 31, 2025

Stockholders’ Equity [Abstract]

STOCKHOLDERS’ EQUITY

Note 6. STOCKHOLDERS’ EQUITY

Common Stock – Issuances of Securities

The Company issued 9,185 and 12,323 shares of common stock in payment of director fees totaling $39,000 and $38,000 for the three months ended March 31, 2025 and 2024, respectively.

During the second quarter of 2025, the Company issued 12,950 shares of common stock in payment of directors’ fees totaling $39,000.

During the second quarter of 2025, the Company issued 57,192 shares of common stock upon the vesting of Restricted Stock Units (“RSUs”) to certain employees for the after withholding tax value of 95,210 Restricted Stock Units.

Common Stock – Sale of Securities

During the first quarter of 2025, the Company issued and sold pursuant to a Registration Statement on Form S-3 declared effective on December 19, 2024, 209,940 shares of common stock for gross proceeds of $903,000. Costs of the sale amounted to $49,000.