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Pay vs Performance Disclosure - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Pay vs Performance Disclosure    
Pay vs Performance Disclosure, Table

Pay Versus Performance

We are required by SEC rules to disclose the following information regarding compensation paid to our Principal Executive Officer (the “PEO”) and our other named executive officers (collectively, the “Non-PEO NEOs”). The amounts set forth below under the headings “Compensation Actually Paid to PEO” and “Compensation Actually Paid to Non-PEO NEO” have been calculated in a manner prescribed by the SEC rules and do not necessarily align with how we or the compensation committee views the link between our performance and pay of our named executive officers. The footnotes below set forth the adjustments from the total compensation for each of our NEOs reported in the Summary Compensation Table above. As permitted under the rules applicable to smaller reporting companies, we are not including a peer group total shareholder return or company-selected measure, as contemplated under Item 402(v) of Regulation S-K.

The following table sets forth additional compensation information of our PEO and Non-PEO NEO, along with net income (loss) results for the years ended December 31, 2024 and 2023:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Value of Initial Fixed $100 Investment Based on:

 

 

 

 

Year

 

Summary Compensation Table Total for PEO (1)

 

 

Compensation Actually Paid to PEO

 

 

Average Summary Compensation Table Total for Non-PEO
NEOs (2)

 

 

Average Compensation Actually Paid to Non-PEO NEOs

 

 

Total Shareholder Return

 

 

Net Income (Loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 2024

 

$

564,519

 

 

$

446,887

 

 

$

481,987

 

 

$

447,221

 

 

 

-63

%

 

$

(5,747,000

)

 2023

 

$

639,959

 

 

$

419,891

 

 

$

533,665

 

 

$

418,944

 

 

 

-67

%

 

$

(9,498,000

)

 

1.
Represents the reported Summary Compensation Total for Yoko Miyashita, the Company's Principal Executive Officer.
2.
2024 amount represents the average of the reported Summary Compensation Totals for Peter Lee and Suresh Krishnaswamy, the Company's Chief Operating Officer and Chief Financial Officer, respectively. 2023 amount represents the reported Summary Compensation Total for Suresh Krishnaswamy.
3.
The dollar amounts reported below represent the adjustments to the Summary Compensation Table amounts for the purposes of calculating the amount of “compensation actually paid” to our PEO and Non-PEO NEO as computed in accordance with Item 402(v) of Regulation S-K, for each covered fiscal year.

 

 

Stock Awards as Reported in Compensation Table

 

 

Fair Value of Awards Granted and Oustanding at the End of Year

 

 

Change in Fair Value of Awards Granted in Prior Years and Oustanding at the End of Year

 

 

Vest Date Fair Value of Awards Granted in Prior Years and Vesting in Year

 

 

Fair Value Change for Awards Granted in Prior Years and Vesting in Year

 

 

Adjusted Stock Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 PEO 2024

$

(87,383

)

 

$

15,995

 

 

$

(49,209

)

 

$

38,640

 

 

$

(35,675

)

 

$

(117,632

)

 NEO 2024

$

(57,803

)

 

$

9,257

 

 

$

(23,762

)

 

$

27,370

 

 

$

(24,594

)

 

$

(69,532

)

 PEO 2023

$

(210,394

)

 

$

134,925

 

 

$

(157,267

)

 

$

40,346

 

 

$

(27,678

)

 

$

(220,068

)

 NEO 2023

$

(133,592

)

 

$

84,435

 

 

$

(76,531

)

 

$

28,220

 

 

$

(17,253

)

 

$

(114,721

)
 
Named Executive Officers, Footnote
1.
Represents the reported Summary Compensation Total for Yoko Miyashita, the Company's Principal Executive Officer.
2.
2024 amount represents the average of the reported Summary Compensation Totals for Peter Lee and Suresh Krishnaswamy, the Company's Chief Operating Officer and Chief Financial Officer, respectively. 2023 amount represents the reported Summary Compensation Total for Suresh Krishnaswamy.
  
PEO Total Compensation Amount $ 564,519 $ 639,959
PEO Actually Paid Compensation Amount $ 446,887 419,891
Adjustment To PEO Compensation, Footnote

 

Stock Awards as Reported in Compensation Table

 

 

Fair Value of Awards Granted and Oustanding at the End of Year

 

 

Change in Fair Value of Awards Granted in Prior Years and Oustanding at the End of Year

 

 

Vest Date Fair Value of Awards Granted in Prior Years and Vesting in Year

 

 

Fair Value Change for Awards Granted in Prior Years and Vesting in Year

 

 

Adjusted Stock Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 PEO 2024

$

(87,383

)

 

$

15,995

 

 

$

(49,209

)

 

$

38,640

 

 

$

(35,675

)

 

$

(117,632

)

 NEO 2024

$

(57,803

)

 

$

9,257

 

 

$

(23,762

)

 

$

27,370

 

 

$

(24,594

)

 

$

(69,532

)

 PEO 2023

$

(210,394

)

 

$

134,925

 

 

$

(157,267

)

 

$

40,346

 

 

$

(27,678

)

 

$

(220,068

)

 NEO 2023

$

(133,592

)

 

$

84,435

 

 

$

(76,531

)

 

$

28,220

 

 

$

(17,253

)

 

$

(114,721

)
 
Non-PEO NEO Average Total Compensation Amount $ 481,987 533,665
Non-PEO NEO Average Compensation Actually Paid Amount $ 447,221 418,944
Adjustment to Non-PEO NEO Compensation Footnote

 

Stock Awards as Reported in Compensation Table

 

 

Fair Value of Awards Granted and Oustanding at the End of Year

 

 

Change in Fair Value of Awards Granted in Prior Years and Oustanding at the End of Year

 

 

Vest Date Fair Value of Awards Granted in Prior Years and Vesting in Year

 

 

Fair Value Change for Awards Granted in Prior Years and Vesting in Year

 

 

Adjusted Stock Awards

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 PEO 2024

$

(87,383

)

 

$

15,995

 

 

$

(49,209

)

 

$

38,640

 

 

$

(35,675

)

 

$

(117,632

)

 NEO 2024

$

(57,803

)

 

$

9,257

 

 

$

(23,762

)

 

$

27,370

 

 

$

(24,594

)

 

$

(69,532

)

 PEO 2023

$

(210,394

)

 

$

134,925

 

 

$

(157,267

)

 

$

40,346

 

 

$

(27,678

)

 

$

(220,068

)

 NEO 2023

$

(133,592

)

 

$

84,435

 

 

$

(76,531

)

 

$

28,220

 

 

$

(17,253

)

 

$

(114,721

)
 
Total Shareholder Return Amount $ (63) (67)
Net Income (Loss) $ (5,747,000) (9,498,000)
PEO Name Yoko Miyashita  
PEO    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount $ (117,632) (220,068)
PEO | Aggregate Grant Date Fair Value of Equity Award Amounts Reported in Summary Compensation Table    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (87,383) (210,394)
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 15,995 134,925
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 (49,209) (157,267)
PEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 38,640 40,346
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 (35,675) (27,678)
Non-PEO NEO    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount (69,532) (114,721)
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 (57,803) (133,592)
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 9,257 84,435
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 (23,762) (76,531)
Non-PEO NEO | Vesting Date Fair Value of Equity Awards Granted and Vested in Covered Year    
Pay vs Performance Disclosure    
Adjustment to Compensation, Amount 27,370 28,220
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 $ (24,594) $ (17,253)