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Sonim Technologies, Inc.
<table cellpadding="0" cellspacing="0" id="xdx_886_eecd--PvpTableTextBlock_z47h2QC5BAEg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Pay vs Performance Disclosure">
<tr style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Fiscal
Year<sup>(1)</sup></b></span></td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_48F_eecd--PeoTotalCompAmt_zPWYpX7BY1y4" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Summary
Compensation Table Total for PEO</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_48D_eecd--PeoActuallyPaidCompAmt_z6QTbuWckXr9" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Compensation
Actually Paid to PEO <span><sup id="xdx_F5E_zlxExA700jh9">(2)(3)</sup></span></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_489_eecd--NonPeoNeoAvgTotalCompAmt_zmX6tJNMchSa" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Average
Summary Compensation Table Total for non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_482_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zK8qojNlOHC5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Average
Compensation Actually Paid to non-PEO NEOs<span><sup id="xdx_F5D_zcAGgP7m0JGh">(2)(3)</sup></span></b></span></td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_488_eecd--TotalShareholderRtnAmt_pp2d_zFsTtwURtV06" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Value
of Initial Fixed $100 Investment Based on Total Shareholder Return</td><td style="padding-bottom: 1pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="2" id="xdx_483_eus-gaap--NetIncomeLoss_pn4n6_zujGOLenNDSb" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Net
Income $(M)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr>
<tr id="xdx_419_20240101__20241231_z17raC7cefBg" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 40%; text-align: justify">2024 <span id="xdx_F4F_zKye9O5bypN8" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 6%; text-align: right">672,918</td><td style="width: 1%; text-align: justify"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 6%; text-align: right">(134,334</td><td style="width: 1%; text-align: justify">)</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 6%; text-align: right">624,083</td><td style="width: 1%; text-align: justify"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 6%; text-align: right">513,490</td><td style="width: 1%; text-align: justify"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 6%; text-align: right">34.23</td><td style="width: 1%; text-align: justify"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 6%; text-align: right">(33.65</td><td style="width: 1%; text-align: justify">)</td></tr>
<tr id="xdx_411_20230101__20231231_zgepqSx6J0dd" style="vertical-align: bottom; background-color: White">
<td style="text-align: justify">2023 <span id="xdx_F48_z39ZYnRz6Yy9" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">677,266</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">2,136,138</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">626,135</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">688,442</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">79.72</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(0.09</td><td style="text-align: justify">)</td></tr>
<tr id="xdx_419_20220101__20221231_z3t53rsJkoB6" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify">2022 <span id="xdx_F40_zr6nbVDxiDD5" style="display: none; font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">1,986,962</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">1,975,045</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">420,553</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">409,019</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">46.08</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(14.09</td><td style="text-align: justify">)</td></tr>
</table>
672918
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624083
513490
34.23
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677266
2136138
626135
688442
79.72
-90000.00
1986962
1975045
420553
409019
46.08
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<p id="xdx_894_eecd--NamedExecutiveOfficersFnTextBlock_dU_zJDYIFlhrccc" style="margin-top: 0; margin-bottom: 0"> </p>
<p style="margin-top: 0; margin-bottom: 0"></p>
<p style="margin-top: 0; margin-bottom: 0"></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; width: 48px; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(1)</span></td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
PEO in all reporting years is <span id="xdx_904_eecd--PeoName_c20220101__20221231_zWQXT0fWJXb1">Hao (Peter) Liu</span></span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">.
The non-PEO NEOs in the 2024 and 2023 reporting years are Clay Crolius and Charles Becher. The non-PEO NEOs in the 2022 reporting
year are Clay Crolius, Charles Becher and Robert Tirva.</span></td></tr>
</table>
Hao (Peter) Liu
<p id="xdx_89F_eecd--AdjToPeoCompFnTextBlock_dU_zhtKAfqlD0A8" style="margin: 0"> </p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%">
<tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top">
<td style="font: 10pt Times New Roman, Times, Serif; text-align: left; width: 48px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">(3)</span></td>
<td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
Compensation Actually Paid to our PEO and non-PEO NEOs reflects the following adjustments required by applicable SEC rules from total
compensation reported in the SCT:</span></td></tr>
</table>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="margin-top: 0; margin-bottom: 0"></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="display: none; vertical-align: bottom">
<td style="display: none; font-weight: bold"> </td><td style="display: none"> </td>
<td colspan="2" id="xdx_49B_20220101__20221231__ecd--IndividualAxis__custom--HaoPeterLiuMember_zRmyg8yiJwW1" style="display: none; text-align: right"> </td><td style="display: none"> </td><td style="display: none"> </td>
<td colspan="2" id="xdx_49F_20230101__20231231__ecd--IndividualAxis__custom--HaoPeterLiuMember_zM8TeJ3zPbl8" style="display: none; text-align: right"> </td><td style="display: none"> </td><td style="display: none"> </td>
<td colspan="2" id="xdx_499_20240101__20241231__ecd--IndividualAxis__custom--HaoPeterLiuMember_zeIEOg4C9Gbc" style="display: none; text-align: right"> </td><td style="display: none"> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">PEO: Liu, Hao (Peter)</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold">Prior Fiscal Year-End</td><td> </td>
<td colspan="2" style="text-align: right">12/31/2021</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2022</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2023</td><td> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold">Current Fiscal Year-End</td><td> </td>
<td colspan="2" style="text-align: right">12/31/2022</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2023</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2024</td><td> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold">Fiscal Year</td><td> </td>
<td colspan="2" style="text-align: right">2022</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">2023</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">2024</td><td> </td></tr>
<tr id="xdx_403_eecd--PeoTotalCompAmt_z8wTlCOLAoNl" style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: justify">SCT Total</td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">$1,986,962</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">$677,266</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">$672,918</td><td style="padding-bottom: 1pt"> </td></tr>
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<td style="width: 52%; text-align: justify">(Minus): Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal
Year</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 12%; text-align: right">(1,501,393</td><td style="width: 1%; text-align: justify">)</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 12%; text-align: right">0</td><td style="width: 1%; text-align: justify"> </td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 12%; text-align: right">0</td><td style="width: 1%; text-align: justify"> </td></tr>
<tr id="xdx_406_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValueAtFiscalYearEndOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInFiscalYearMember_zEx3ioprQtFl" style="vertical-align: bottom; background-color: White">
<td style="text-align: justify">Plus: Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards
Granted in Fiscal Year</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">1,445,577</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td></tr>
<tr id="xdx_40D_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsMember_zRGNaL9ew0Ih" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify">Plus: Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted
in Prior Fiscal Years</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(2,346</td><td style="text-align: justify">)</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">681,465</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(610,049</td><td style="text-align: justify">)</td></tr>
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<td style="text-align: justify">Plus: Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested
During Fiscal Year</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">47,046</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td></tr>
<tr id="xdx_40F_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueAsOfVestingDateOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsForWhichApplicableVestingConditionsWereSatisfiedDuringFiscalYearMember_zYpBRL2k8dIi" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify">Plus: Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior
Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(801</td><td style="text-align: justify">)</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">777,407</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(197,203</td><td style="text-align: justify">)</td></tr>
<tr id="xdx_40B_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValuesOfPriorFiscalYearEndOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsThatFailedToMeetApplicableVestingConditionsDuringFiscalYearMember_zziuWZWGhd5i" style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">(Minus): Fair Value as of Prior Fiscal Year-End of Option Awards and Stock
Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td></tr>
<tr id="xdx_407_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValuesOfPriorFiscalYearEndOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsThatFailedToMeetApplicableVestingConditionsDuringFiscalYearMember_z1r5DOJCEK6g" style="display: none; vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Adjustment to Compensation Amount</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td></tr>
<tr id="xdx_401_eecd--PeoActuallyPaidCompAmt_z6sgagb5w35" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="font-weight: bold; text-align: justify">Compensation Actually Paid</td><td style="font-weight: bold"> </td>
<td style="font-weight: bold; text-align: justify">$</td><td style="font-weight: bold; text-align: right">1,975,045</td><td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td>
<td style="font-weight: bold; text-align: justify">$</td><td style="font-weight: bold; text-align: right">2,136,138</td><td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td>
<td style="font-weight: bold; text-align: justify">$</td><td style="font-weight: bold; text-align: right">(134,334</td><td style="font-weight: bold; text-align: justify">)</td></tr>
</table>
1986962
677266
672918
-1501393
0
0
1445577
0
0
-2346
681465
-610049
47046
0
0
-801
777407
-197203
0
0
0
0
0
0
1975045
2136138
-134334
<p id="xdx_89A_eecd--AdjToNonPeoNeoCompFnTextBlock_dU_zLHcZwDFeuE3" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%">
<tr style="display: none; vertical-align: bottom">
<td style="display: none; font-weight: bold"> </td><td style="display: none"> </td>
<td colspan="2" id="xdx_49D_20220101__20221231__ecd--IndividualAxis__ecd--NonPeoNeoMember_zCOgDLtqyoti" style="display: none; text-align: right"> </td><td style="display: none"> </td><td style="display: none"> </td>
<td colspan="2" id="xdx_491_20230101__20231231__ecd--IndividualAxis__ecd--NonPeoNeoMember_zluQS9WxHLq2" style="display: none; text-align: right"> </td><td style="display: none"> </td><td style="display: none"> </td>
<td colspan="2" id="xdx_498_20240101__20241231__ecd--IndividualAxis__ecd--NonPeoNeoMember_zmt9hzDfbUWi" style="display: none; text-align: right"> </td><td style="display: none"> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td>
<td colspan="10" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Non-PEO NEOs</td><td style="padding-bottom: 1pt; font-weight: bold"> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold">Prior Fiscal Year-End</td><td> </td>
<td colspan="2" style="text-align: right">12/31/2021</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2022</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2023</td><td> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold">Current Fiscal Year-End</td><td> </td>
<td colspan="2" style="text-align: right">12/31/2022</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2023</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">12/31/2024</td><td> </td></tr>
<tr style="vertical-align: bottom">
<td style="font-weight: bold">Fiscal Year</td><td> </td>
<td colspan="2" style="text-align: right">2022</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">2023</td><td> </td><td> </td>
<td colspan="2" style="text-align: right">2024</td><td> </td></tr>
<tr id="xdx_40D_eecd--NonPeoNeoAvgTotalCompAmt_zwsyvuSEQ4W3" style="vertical-align: bottom">
<td style="border-bottom: Black 1pt solid; font-weight: bold">SCT Total</td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">$420,553</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">$626,135</td><td style="padding-bottom: 1pt"> </td><td style="padding-bottom: 1pt"> </td>
<td colspan="2" style="border-bottom: Black 1pt solid; text-align: right">$624,083</td><td style="padding-bottom: 1pt"> </td></tr>
<tr id="xdx_402_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--GrantDateFairValueOfOptionAwardsAndStockAwardsGrantedInFiscalYearMember_zFzemYrirRga" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="width: 52%; text-align: justify">(Minus): Grant Date Fair Value of Option Awards and Stock Awards Granted in Fiscal
Year</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 12%; text-align: right">(87,981</td><td style="width: 1%; text-align: justify">)</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 12%; text-align: right">(78,760</td><td style="width: 1%; text-align: justify">)</td><td style="width: 2%"> </td>
<td style="width: 1%; text-align: justify">$</td><td style="width: 12%; text-align: right">(44,676</td><td style="width: 1%; text-align: justify">)</td></tr>
<tr id="xdx_406_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValueAtFiscalYearEndOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInFiscalYearMember_zwNHF0PogJC6" style="vertical-align: bottom; background-color: White">
<td style="text-align: justify">Plus: Fair Value at Fiscal Year-End of Outstanding and Unvested Option Awards and Stock Awards
Granted in Fiscal Year</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">48,383</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">91,269</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">19,886</td><td style="text-align: justify"> </td></tr>
<tr id="xdx_40D_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueOfOutstandingAndUnvestedOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsMember_zWh8lRkfNPV3" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify">Plus: Change in Fair Value of Outstanding and Unvested Option Awards and Stock Awards Granted
in Prior Fiscal Years</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">37,406</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(35,262</td><td style="text-align: justify">)</td></tr>
<tr id="xdx_404_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValueAtVestingOfOptionAwardsAndStockAwardsGrantedInFiscalYearThatVestedDuringFiscalYearMember_zO92Vm5FeK7j" style="vertical-align: bottom; background-color: White">
<td style="text-align: justify">Plus: Fair Value at Vesting of Option Awards and Stock Awards Granted in Fiscal Year That Vested
During Fiscal Year</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">38,115</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">0</td><td style="text-align: justify"> </td></tr>
<tr id="xdx_40F_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--ChangeInFairValueAsOfVestingDateOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsForWhichApplicableVestingConditionsWereSatisfiedDuringFiscalYearMember_zD8Di9Vq7wCc" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="text-align: justify">Plus: Change in Fair Value as of Vesting Date of Option Awards and Stock Awards Granted in Prior
Fiscal Years For Which Applicable Vesting Conditions Were Satisfied During Fiscal Year</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(10,049</td><td style="text-align: justify">)</td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">12,392</td><td style="text-align: justify"> </td><td> </td>
<td style="text-align: justify">$</td><td style="text-align: right">(50,540</td><td style="text-align: justify">)</td></tr>
<tr id="xdx_40B_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValuesOfPriorFiscalYearEndOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsThatFailedToMeetApplicableVestingConditionsDuringFiscalYearMember_zxjsv5Jo25E3" style="vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">(Minus): Fair Value as of Prior Fiscal Year-End of Option Awards and Stock
Awards Granted in Prior Fiscal Years That Failed to Meet Applicable Vesting Conditions During Fiscal Year</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td></tr>
<tr id="xdx_40B_eecd--AdjToCompAmt_hecd--AdjToCompAxis__custom--FairValuesOfPriorFiscalYearEndOfOptionAwardsAndStockAwardsGrantedInPriorFiscalYearsThatFailedToMeetApplicableVestingConditionsDuringFiscalYearMember_zjNkJj75UDyf" style="display: none; vertical-align: bottom; background-color: White">
<td style="text-align: left; padding-bottom: 1pt">Adjustment to Compensation Amount</td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td><td style="padding-bottom: 1pt"> </td>
<td style="border-bottom: Black 1pt solid; text-align: justify">$</td><td style="border-bottom: Black 1pt solid; text-align: right">0</td><td style="padding-bottom: 1pt; text-align: justify"> </td></tr>
<tr id="xdx_40C_eecd--NonPeoNeoAvgCompActuallyPaidAmt_zSQ8dUpTohCi" style="vertical-align: bottom; background-color: rgb(204,238,255)">
<td style="font-weight: bold; text-align: justify">Compensation Actually Paid</td><td style="font-weight: bold"> </td>
<td style="font-weight: bold; text-align: justify">$</td><td style="font-weight: bold; text-align: right">409,019</td><td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td>
<td style="font-weight: bold; text-align: justify">$</td><td style="font-weight: bold; text-align: right">688,442</td><td style="font-weight: bold; text-align: justify"> </td><td style="font-weight: bold"> </td>
<td style="font-weight: bold; text-align: justify">$</td><td style="font-weight: bold; text-align: right">513,490</td><td style="font-weight: bold; text-align: justify"> </td></tr>
</table>
420553
626135
624083
-87981
-78760
-44676
48383
91269
19886
0
37406
-35262
38115
0
0
-10049
12392
-50540
0
0
0
0
0
0
409019
688442
513490
<p id="xdx_892_eecd--CompActuallyPaidVsTotalShareholderRtnTextBlock_dU_zKBM8YzztKd4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; display: none; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Relationship
between CAP and TSR</i></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
graph below reflects the relationship between the PEO and Average Non-PEO NEO CAP and the Company’s cumulative indexed Total Shareholder
Return (“TSR”) (assuming an initial fixed investment of $100) for the fiscal years ended December 31, 2022, 2023 and 2024:</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="formdef14a_004.jpg" style="width: 28px; height: 30px"/></span></p>
<p id="xdx_891_eecd--CompActuallyPaidVsNetIncomeTextBlock_dU_zrGuaEIDN0i" style="font: 10pt Times New Roman, Times, Serif; margin: 0; display: none; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Relationship
between CAP and net income (loss)</i></b></span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The
graph below reflects the relationship between the PEO and Average Non-PEO NEO CAP and the Company’s net income (loss) for the fiscal
years ended December 31, 2022, 2023 and 2024:</span></p>
<p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p>
<p style="font: 10pt Times New Roman, Times, Serif; text-align: center; margin-top: 0; margin-bottom: 0"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><img alt="" src="formdef14a_005.jpg"/></span></p>