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STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2024
STOCK-BASED COMPENSATION [Abstract]  
Activity of Non-vested Restricted Common Stock Awards

A summary of the activity for non-vested restricted stock and RSU awards as of September 30, 2024 is presented below:

   
Shares
(in thousands)
   
Weighted
Average
Share Price
 
             
Balance, January 1, 2024
   
623
   
$
5.12
 
Granted
   
74
     
0.85
 
Forfeited     (6 )     5.00
 
Vested
   
23
   
4.73
 
Balance, September 30, 2024
   
714
   
$
4.38
 
Non-vested, Service-based Awards
As of September 30, 2024, there was unrecognized compensation cost related to non-vested, service-based RSU awards of $1.2 million, which will be recognized in each of the following years (dollars in thousands):

Unrecognized Expense
     
2024
 
$
159
 
2025
   
555
 
2026
   
413
 
2027
   
35
 
2028
    7  
 
$
1,169