Note E - Stock Compensation

3 Months Ended

Mar. 31, 2025

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

Note E – Stock Compensation

The fair value of stock-based compensation is recognized in accordance with the provisions of FASB ASC 718, Stock Compensation.

For the three months ended March 31, 2025 and March 31, 2024, the Company recognized stock based compensation expense of $467 thousand and $429 thousand, respectively. At March 31, 2025 and March 31, 2024, there was $2.0 million and $1.0 million, respectively, in unrecognized stock-based compensation expense related to non-vested stock awards. The unrecognized compensation expense of unvested restricted stock awards not yet recognized as of March 31, 2025 is expected to be recognized over the weighted average period of 1.7 years.

On March 11, 2025, the Company awarded 72,351 restricted stock units to employees. The 2025 restricted stock units awarded to employees time vest over three years (one-third one year from grant, one-third two years from grant and one-third three years from grant) provided that the employee continues to serve as an employee, director or consultant of the Company on the vesting date.