STOCK-BASED COMPENSATION

6 Months Ended

Jun. 30, 2024

Share-Based Payment Arrangement [Abstract]

STOCK-BASED COMPENSATION

7. STOCK-BASED COMPENSATION

Stock-Based Compensation

A summary of stock option activity during the six months ended June 30, 2024, is as follows:

	Stock Options			Weighted average exercise price		Weighted average remaining contractual term		Aggregate intrinsic value
Outstanding as of January 1, 2024		706,167		$	5.49
Granted		5,146			3.89
Exercised		-			-
Forfeited/expired		(57,000	)		10.21
Outstanding as of June 30, 2024		654,313		$	5.07		5.55	$	284
Exercisable as of June 30, 2024		629,670		$	5.00		5.40	$	284

A summary of RSU activity during the six months ended June 30, 2024, is as follows:

				Weighted-average		Weighted-average
				grant-date		grant-date
	Number of units			fair value per share		fair value
Unvested restricted stock units as of January 1, 2024		125,000		$	4.35	$	543
Units granted		-			-		-
Units vested		(125,000	)		4.35		(543	)
Units forfeited		-			-		-
Unvested restricted stock units as of June 30, 2024		-		$	-	$	-

Stock-based compensation expense recorded for the three and six months ended June 30, 2024, was approximately $96 and $321, respectively. Stock-based compensation expense recorded for the three and six months ended June 30, 2023, was approximately $819 and $962, respectively. At June 30, 2024, there was $109 of stock-based compensation expense remaining to be recognized in the consolidated statements of operations over a weighted average remaining period of 2.1 years.