SHARE BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2024

SHARE BASED COMPENSATION

Share-based compensation

	Year Ended December 31,
	2024		2023
(in thousands)
Cost of goods sold	$	112	$	95
Research and development		228		257
Selling, general and administrative		636		838
Total share-based compensation	$	976	$	1,190

Stock option activity

	2024							2023
	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		200,000		$	2.39				-		-
Exercised		-			-				-		-
Cancelled, Expired or Forfeited		(12,500	)	$	4.98				-		-
Outstanding at end of year		200,000		$	2.39		5.67		12,500	$	4.98		1.33
Vested or expected to vest at the end of the period		182,676		$	2.39		1.33		12,500	$	4.98		1.33
Exercisable at end of year		12,500		$	2.39		1.33		12,500	$	4.98		1.33

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

	2024					2023
	Awards			Weighted - Average Grant Date Fair Value		Awards			Weighted - Average Grant Date Fair Value
Outstanding at beginning of year		728,625		$	4.17		665,200		$	3.94
Granted		363,150			2.87		387,100			4.36
Vested		(296,209	)		4.12		(284,925	)		3.93
Cancelled		(323,666	)		3.66		(38,750	)		3.96
Outstanding at end of year		471,900		$	3.55		728,625		$	4.17

Unamortized compensation expense

	December 31, 2024		December 31, 2023
Unamortized future compensation expense	$	1,413,500	$	2,317,524
Remaining weighted average amortization period in years		2.31		2.44

Weighted average number of shares outstanding

	Year Ended December 31,
	2024		2023
Weighted average shares outstanding		9,149,538		8,940,612
Restricted and Performance Stock Units		-		132,360
Stock Options		-		216
Weighted average shares		9,149,538		9,073,188