Note 6 - Non-Cash Share-Based Employee Compensation

3 Months Ended

Mar. 31, 2026

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

Note 6. Non-Cash Share-Based Employee Compensation

Stock Options

The Company has employee and non-employee director share-based incentive compensation plans. Related to these programs, the Company recorded non-cash share-based employee compensation expense of $362 for the three months ended March 31, 2026, compared with $118 for the same period last year. The Company considers its non-cash share-based employee compensation expenses as a component of cost of products and selling, general and administrative expenses. There was no non-cash share-based employee compensation expense capitalized as part of capital expenditures or inventory for the periods presented.

A summary of activity under the Company’s stock option plans during the three months ended March 31, 2026, is presented below:

	Shares/Options		Weighted Average Exercise Price ($) Per Share		Weighted Average FMV @ Grant ($) Per Share		Weighted Average Fair Value ($) Per Share		Weighted Average Remaining Contractual Term (Years)		Weighted Average Remaining Vesting Term (Years)		Aggregate Intrinsic Value ($)
Beginning Outstanding		460,643		27.08		27.08		15.32		7.80		2.0856		21,885
Performance Addition		0.00		-		-		-		0.00		-		-
Awarded		2,500		76.86		76.86		52.66		9.84		3.0023		-
Forfeited		12,480		32.26		32.26		21.00		-		-		561
Expired		0.00		-		-		-		-		-		-
Exercised / Released		3,720		15.62		15.62		8.49		-		-		245
Ending Outstanding		446,943		27.31		27.31		15.43		7.84		2.6869		21,156
Ending Vested		159,946		18.15		18.15		9.15		6.40		-		9,034
Ending UnVested		286,997		32.42		32.42		18.93		8.64		-		12,121
Vested and Expected to Vest		446,943		27.31		27.31		15.43		7.84		-		21,156
Exercisable		159,946		18.15		18.15		9.15		6.40		-		9,034

Restricted Stock Units

The Company recorded non-cash restricted stock unit compensation expense of $57 and $275 for the three months ended March 31, 2026, and 2025, respectively.

A summary of non-vested restricted stock under the Company’s non-employee director share-based incentive compensation plan is as follows:

				Weighted Average
	Number of			Grant Date
	Shares			Price per Share
Unvested as of January 1, 2026		41,189		$	16.97
Granted		12,009			76.62
Vested and issued		(9,780	)		12.27
Cancelled/forfeited		(5,000	)		51.65
Unvested as of March 31, 2026		38,418		$	32.30