Note 9 - Subsequent Events

6 Months Ended

Jun. 30, 2024

Notes to Financial Statements

Subsequent Events [Text Block]

Note 9: Subsequent Events

On July 15, 2024, the final tranche of the restricted stock units awarded to the Company’s employees, representing 36,511 underlying shares, vested. As of the date of this filing, the underlying shares have not yet been issued to the employees.  Also on July 15, 2024, all 196,900 unvested performance shares awarded to employees under the Plan lapsed without the performance criteria being achieved and were forfeited by the grantees.  There are no further unvested awards outstanding under the Plan.

Additionally, the Executive Employment Agreement between the Registrant and its President, William Gray Stream, and the Executive Employment Agreement between the Registrant and its Chief Financial Officer, Scott Stepp, expired in accordance with their terms. Messrs. Stream and Stepp mutually agreed with the Registrant’s board of directors to continue their employment in their respective offices with the Registrant without written agreements.