STOCKHOLDERS EQUITY (Tables)

3 Months Ended

Mar. 31, 2025

Stockholders' Equity Note [Abstract]

The following table details our stock repurchases under the 2024 Stock Repurchase Program during the three months ended March 31, 2025:


	Class A		Class D
Shares of common stock repurchased	449,252		204,646
Average price paid per share	$	1.48	$	0.82
Total cost	$	665,829	$	167,493

Schedule of transaction and other information relating to stock options

Transactions and other information relating to stock options of Class D common stock for the three months ended March 31, 2025, are summarized below:


	Number of Options	Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Term (In Years)	Aggregate Intrinsic Value (a)
Outstanding at December 31, 2024	5,436,715	$	2.83	6.44	$	—
Grants	362,301	0.81		9.92	—

Forfeited	(44,231)	1.11		9.50	—
Cancelled/expired/settled	(61,420)	4.76		—	—
Outstanding at March 31, 2025	5,693,365	$	2.69	6.39	$	—
Vested and expected to vest at March 31, 2025	5,693,365	2.69		6.39	—
Unvested at March 31, 2025	618,190	1.08		9.56	—
Exercisable at March 31, 2025	5,075,175	2.89		6.00	—

(a)The aggregate intrinsic value in the table above represents the difference between the Company’s stock closing price on the last day of trading during the period, and the exercise price, multiplied by the number of shares that would have been received by the holders of in-the-money options had all the option holders exercised their options on that day. This amount changes based on the fair market value of the Company’s stock.

Schedule of transaction and other information relating to restricted stock grants

Activity relating to grants of restricted shares of Class A and Class D common stock for the three months ended March 31, 2025, are summarized below:


	Class A			Class D
	Shares	Average Fair Value at Grant Date		Shares	Average Fair Value at Grant Date
Unvested at December 31, 2024	750,000	$	5.39	848,863	$	1.90
Grants	—	—		850,879	0.84
Vested	(750,000)	5.39		(776,982)	1.51
Forfeited/cancelled/expired	—	—		(31,532)	1.11
Unvested at March 31, 2025	—	$	—	891,228	$	1.26