STOCK-BASED COMPENSATION

9 Months Ended

Sep. 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 nine months ended September 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 September 30, 2024		654,313		$	5.07		5.29	$	507
Exercisable as of September 30, 2024		636,335		$	5.02		5.19	$	506

A summary of RSU activity during the nine months ended September 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 September 30, 2024		-		$	-	$	-

Stock-based compensation expense recorded for the three and nine months ended September 30, 2024, was approximately $13 and $334, respectively. Stock-based compensation expense recorded for the three and nine months ended September 30, 2023, was approximately $285 and $1,246, respectively. As of September 30, 2024, there was $96 of stock-based compensation expense remaining to be recognized in the consolidated statements of operations over a weighted average remaining period of 1.9 years.