Pay vs Performance Disclosure - USD ($)

12 Months Ended

Dec. 31, 2024

Dec. 31, 2023

Dec. 31, 2022

Pay vs Performance Disclosure

Pay vs Performance Disclosure, Table

Pay versus Performance Table

As required by section 953(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act, and item 402(v) of Regulation S-K under the Securities Act, we are providing the following information about the relationship between “compensation actually paid,” herein referred to as “CAP” to our Chief Executive Officer and our other named executive officers (“NEOs”) as compared to the Company’s total shareholder return and our GAAP net income. As a Smaller Reporting Company, the following table provides compensation and performance information for the past three fiscal years. 

2024 Pay Versus Performance Table

Fiscal Year	Summary Compensation Table Total for CEO		Compensation Actually Paid to CEO (2)		Average Summary Compensation Table Total for Non-CEO NEOs (1)		Average Compensation Actually Paid to Non-CEO NEOs (1)(2)		Total Shareholder Return (Value of Initial Fixed $100 Investment) (3)		Net Income (Loss) (4)
2024	$	2,127,797	$	2,555,718	$	1,052,576	$	1,041,268	$	94.9	$	(39,010,000	)
2023	$	2,350,618	$	5,126,883	$	1,014,657	$	1,678,725	$	91.5	$	(45,959,000	)
2022	$	1,916,243	$	816,180	$	849,553	$	353,180	$	46.8	$	(59,798,000	)

(1)  The non-CEO NEOs for each applicable year are as follows:

– 2024: Charles Beck, Tom Benton, George Karamanos, and Tony Rodriguez

– 2023: Charles Beck, Joel Meyer, Tony Rodriguez, and Ken Sickles

– 2022: Charles Beck, Joel Meyer, Tony Rodriguez, and Ken Sickles.

(2) The SEC rules require that certain adjustments be made to the Summary Compensation Table (“SCT”) totals to determine CAP, as reported in the Pay versus Performance table above. The table below details the applicable adjustments that were made to determine CAP.

(3) Cumulative indexed TSR is measured using the closing price as of a base date of December 31, 2021.

(4) Net Income reflects GAAP net income (loss), as disclosed in our financial statements.

PEO Total Compensation Amount

$ 2,127,797

$ 2,350,618

$ 1,916,243

PEO Actually Paid Compensation Amount

$ 2,555,718

5,126,883

816,180

Adjustment To PEO Compensation, Footnote

Adjustments to Calculate CAP from SCT Pay

				Equity Awards
Fiscal Year	Executives	SCT Total Pay		Deduct SCT Stock & Option Awards			Add Year-End Value of Unvested Equity Granted in Year		Add Change in Value of Unvested Awards Granted in Prior Years			Add Change in Value of Vested Equity Granted in Year		Add Change in Value of Vested Equity Granted in Prior Years			Add Change in Value of Awards Not Meeting Vesting Conditions		Total CAP
2024	CEO	$	2,127,797	$	(1,393,981	)	$	1,624,988	$	196,914		$	—	$	—		$	—	$	2,555,718
	Other NEOs (avg)	$	1,052,576	$	(487,850	)	$	459,935	$	16,129		$	28,917	$	(28,440	)	$	—	$	1,041,268
2023	CEO	$	2,350,618	$	(1,375,518	)	$	3,192,488	$	949,843		$	—	$	9,452		$	—	$	5,126,883
	Other NEOs (avg)	$	1,014,657	$	(411,547	)	$	757,445	$	180,643		$	64,607	$	72,919		$	—	$	1,678,725
2022	CEO	$	1,916,243	$	(1,916,242	)	$	843,019	$	—		$	—	$	(26,840	)	$	—	$	816,180
	Other NEOs (avg)	$	849,553	$	(463,272	)	$	154,741	$	(165,643	)	$	86,238	$	(108,438	)	$	—	$	353,180

Non-PEO NEO Average Total Compensation Amount

$ 1,052,576

1,014,657

849,553

Non-PEO NEO Average Compensation Actually Paid Amount

$ 1,041,268

1,678,725

353,180

Compensation Actually Paid vs. Total Shareholder Return

38

Compensation Actually Paid vs. Net Income

Relationship Between Compensation Actually Paid and Performance Measures

Total Shareholder Return Amount

$ 94.9

91.5

46.8

Net Income (Loss)

(39,010,000)

(45,959,000)

(59,798,000)

PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(1,393,981)

(1,375,518)

(1,916,242)

PEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

1,624,988

3,192,488

843,019

PEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

196,914

949,843

0

PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

PEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

9,452

(26,840)

PEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

0

0

0

Non-PEO NEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(487,850)

(411,547)

(463,272)

Non-PEO NEO | Year-end Fair Value of Equity Awards Granted in Covered Year that are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

459,935

757,445

154,741

Non-PEO NEO | Year-over-Year Change in Fair Value of Equity Awards Granted in Prior Years That are Outstanding and Unvested

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

16,129

180,643

(165,643)

Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

28,917

64,607

86,238

Non-PEO NEO | Change in Fair Value as of Vesting Date of Prior Year Equity Awards Vested in Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

(28,440)

72,919

(108,438)

Non-PEO NEO | Prior Year End Fair Value of Equity Awards Granted in Any Prior Year that Fail to Meet Applicable Vesting Conditions During Covered Year

Pay vs Performance Disclosure

Adjustment to Compensation, Amount

$ 0

$ 0

$ 0