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Note 10 - Equity (Tables)
3 Months Ended
Mar. 31, 2023
Stockholders' Equity Note [Abstract]  
Summary of Stock-Based Award Activity

The following table summarizes the stock-based award activity under the Plan for the three months ended March 31, 2023 and 2022.

 

 

Restricted Stock Awards

 

 

Weighted-Average Grant Date
Fair Value Per Restricted Stock Award

 

Outstanding as of December 31, 2022

 

 

159,439

 

 

$

2.24

 

Vested

 

 

(59,607

)

 

 

2.25

 

Forfeitures

 

 

(6,695

)

 

 

2.95

 

Outstanding as of March 31, 2023

 

 

93,137

 

 

$

2.23

 

 

 

 

Restricted Stock Awards

 

 

Weighted-Average Grant Date
Fair Value Per Restricted Stock Award

 

Outstanding as of December 31, 2021

 

 

237,621

 

 

$

1.26

 

Vested

 

 

(172,580

)

 

 

0.75

 

Outstanding as of March 31, 2022

 

 

65,041

 

 

$

0.51

 

Of the restricted shares that vested during the three months ended March 31, 2023, 4,126 shares were surrendered by certain employees to satisfy their tax obligations.

Summary of Option Awards

In connection with the completion of the Initial Mergers, the Company assumed option awards previously issued to directors and officers of MedAmerica. Details of these options for the three months ended March 31, 2023 and 2022 are presented in the tables below:

 

 

 

Number
of Shares
Underlying
Options

 

 

Weighted
Average Exercise
Price Per Share

 

 

Weighted
Average Fair
Value at
Grant Date

 

 

Weighted
Average Remaining
Contractual Life

 

 

Intrinsic
Value

 

Balance at December 31, 2022

 

 

10,000

 

 

$

6.00

 

 

$

 

 

 

0.45

 

 

$

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2023

 

 

10,000

 

 

$

6.00

 

 

$

 

 

 

0.20

 

 

$

 

 

 

 

 

Number
of Shares
Underlying
Options

 

 

Weighted
Average Exercise
Price Per Share

 

 

Weighted
Average Fair
Value at
Grant Date

 

 

Weighted
Average Remaining
Contractual Life

 

 

Intrinsic
Value

 

Balance at December 31, 2021

 

 

70,000

 

 

$

7.71

 

 

$

 

 

 

0.76

 

 

$

 

Options granted

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options exercised

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options expired

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance at March 31, 2022

 

 

70,000

 

 

$

7.71

 

 

$

 

 

 

0.51

 

 

$