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WARRANTS
 3 Months Ended
Mar. 31, 2024
Equity [Abstract]  
WARRANTS STOCKHOLDERS’ EQUITY
On May 24, 2021, the Board authorized a stock repurchase program to purchase up to $5.0 million of the currently outstanding shares of the Company’s common stock, over a period of 12 months through open market purchases, in compliance with Rule 10b-18 under the Securities Exchange Act of 1934. On January 18, 2022, the Board authorized a $2.0 million increase to the stock repurchase program, to a total of $7.0 million. On February 2, 2022, the Board authorized an additional $1.5 million increase to the stock repurchase, to a total of $8.5 million. On September 12, 2022, the Board authorized an additional $2 million increase to the stock repurchase, to a total of $10.5 million. In total, the Company has repurchased 1,099,833 shares of common stock at an average price per share of $8.25 for a total of $9.1 million, under this program.
The Company did not repurchase shares of common stock either during the three months ended March 31, 2024 or during the three months ended March 31, 2023. As of March 31, 2024, we have $1.4 million remaining under the repurchase program.
In February 2021, the Company repurchased 350,000 shares of common stock with an average price per share of $8.50, for a total of $3.0 million, outside of any stock repurchase or publicly announced program.
WARRANTS
The following table shows warrant activity for the three months ended March 31, 2024.
Number of
Shares		Weighted
Average
Exercise Price
Warrants outstanding as of December 31, 2023511,681$8.74 
Issued— $— 
Exercised— $— 
Expired— $— 
Warrants outstanding as of March 31, 2024511,681$8.74 
Warrants exercisable as of March 31, 2024336,150$12.65 
The aggregate intrinsic value of the warrants outstanding and exercisable as of March 31, 2024 is $20,477.