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Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Total Stock-Based Compensation Expense
The Company recognized total stock-based compensation expense during the three months ended March 31, 2025 and 2024 as follows (table in thousands):
Three Months Ended
March 31,
20252024
Service Based Awards:
Restricted Stock Units$294 $118 
Stock Option Awards151 133 
Total$445 $251 
Schedule of Restricted Stock Awards
A summary of the Company’s performance based restricted stock awards during the three months ended March 31, 2025 is as follows:
Performance Based Restricted Stock AwardsNumber of SharesWeighted Average
Grant-Date
Fair Value
Unvested at January 1, 2025891 $62.70 
Unvested at March 31, 2025891 $62.70 
A summary of the Company’s service-based restricted stock units during the three months ended March 31, 2025 is as follows:
Service Based Restricted Stock UnitsNumber of SharesWeighted Average
Grant-Date
Fair Value
Unvested at January 1, 2025584,309 $1.72 
Vested(200,983)1.91 
Unvested at March 31, 2025383,326 $1.62 
Schedule of Stock Options Activity
A summary of the Company’s service based stock option activity for the three months ended March 31, 2025 is as follows:
Service Based Stock Option AwardsShares
Underlying
Options
Weighted
Average Exercise
Price
Weighted
Average
Remaining
Contractual
Term
Aggregate
Intrinsic Value
(in $1,000's)
Outstanding at January 1, 20251,886,247 $3.98 
Forfeited(1,500)2.79 
Expired(271)2.06 
Outstanding at March 31, 20251,884,476 $3.98 7.6$— 
Exercisable at March 31, 2025876,490 $6.47 6.9$—