SHAREBASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2023

SHAREBASED COMPENSATION

Share-based compensation

	Year Ended December 31,
	2023		2022
(in thousands)
Cost of goods sold	$	95	$	76
Research and development		257		228
Selling, general and administrative		838		872
Total share-based compensation	$	1,190	$	1,176

Stock option activity

	2023						2022
	Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years		Options		Weighted-Average Exercise Price		Weighted-Average Remaining Contractual Life in Years
Outstanding at beginning of year		12,500	$	4.98				12,500	$	4.98
Granted		-		-				-		-
Exercised		-		-				-		-
Cancelled, Expired or
Forfeited		-		-				-		-
Outstanding at end of year		12,500	$	4.98		1.33		12,500	$	4.98		2.33
Vested or expected to vest at the end of the period		12,500	$	4.98		1.33		12,466	$	4.98		2.33
Exercisable at end of year		12,500	$	4.98		1.33		9,375	$	4.98		2.33

Restricted stock award including performance-based stock award activity under our share-based compensation plan

	2023					2022
	Awards			Weighted - Average Grant Date Fair Value		Awards			Weighted - Average Grant Date Fair Value
Outstanding at beginning of year		665,200		$	3.94		623,777		$	4.73
Granted		387,100			4.36		330,215			3.26
Vested		(284,925	)		3.93		(249,292	)		4.95
Cancelled		(38,750	)		3.96		(39,500	)		4.33
Outstanding at end of year		728,625		$	4.17		665,200		$	3.94

Unamortized compensation expense

	December 31, 2023		December 31, 2022
Unamortized future compensation expense	$	2,317,524	$	2,029,457
Remaining weighted average amortization period in years		2.44		2.47

Weighted average number of shares outstanding

	Year Ended December 31,
	2023		2022
Weighted average shares outstanding		8,940,612		8,740,701
Restricted and Performance Stock Units		132,360
Stock Options		216
Weighted average diluted shares		9,073,188		8,740,701