Annual report pursuant to Section 13 and 15(d)

Stock-Based Compensation (Tables)

v3.24.4
Stock-Based Compensation (Tables)
 12 Months Ended
Dec. 31, 2023
Stock-Based Compensation [Abstract]  
Schedule of Stock-Based Compensation Expense Stock-based compensation expense included the following components:
    December 31,
2023		     December 31,
2022		  
    (Restated)     (Restated)  
Stock options   $ 49     $ 161  
Restricted stock     151       170  
    $ 200     $ 331  
Schedule of Black-Scholes Option Pricing Model The Black-Scholes option pricing model assumptions are as follows:
Risk-free interest rate   3.86%
Expected term   5.5-6.25 years
Expected volatility   29.24%
Expected dividends   0%

 
Schedule of Option Activity A summary of option activity under the 2021 Plan as of December 31, 2023 and 2022 and changes during the years then ended is presented below:
Options   Shares     Weighted Average
Exercise Price		     Aggregate
Intrinsic Value		  
    (Restated)     (Restated)     (Restated)  
Outstanding at January 1, 2022     1,515,000     $        4.15     $           2,879  
Granted     81,000       2.32      
—
  
Forfeited or expired and other adjustments     (90,667 )     4.15      
—
  
Outstanding at December 31, 2022     1,505,333     $ 4.11     $
—
  
Granted     76,500       1.66      
—
  
Forfeited or expired and other adjustments     (115,771 )     4.13      
—
  
Outstanding at December 31, 2023     1,466,062     $ 3.98     $
—
  
Vested and exercisable at December 31, 2023     852,896     $ 4.09     $
—
  
Schedule of Restricted Stock Activity A summary of restricted stock activity under the 2021 Plan as of December 31, 2023 and 2022 and changes during the years then ended is presented below:
Restricted Stock   Time-Based  
Outstanding at January 1, 2022     154,960  
Granted     145,660  
Vested     (227,737 )
Forfeited     (8,717 )
Outstanding at December 31, 2022     64,166  
Granted     32,252  
Vested     (33,333 )
Forfeited     (10,897 )
Outstanding at December 1, 2023     52,188