Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK-BASED COMPENSATION (Tables)

v3.25.0.1
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2024
STOCK-BASED COMPENSATION  
Schedule of Common Stock Options

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Weighted

    

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Average

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Weighted

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Remaining

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Number

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Average

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Contractual

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Aggregate

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of Stock

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Exercise

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Term

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Intrinsic

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Options

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Price

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(in years)

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Value

Options outstanding at January 1, 2024

 

3,757,227

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$

3.22

 

  

 

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Granted

 

87,822

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5.15

 

  

 

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Exercised

 

(1,054,360)

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1.28

 

  

 

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Canceled/Forfeited

 

(5,000)

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7.40

 

  

 

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Expired

 

—

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—

 

  

 

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Options outstanding at December 31, 2024

 

2,785,689

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$

4.01

 

4.70

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$

3,629,196

Options exercisable at December 31, 2024

 

2,342,499

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$

3.45

 

4.04

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$

3,629,196

Schedule of compensation expense

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(In thousands)

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Year Ended

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December 31, 

Compensation Expense

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2024

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2023

Stock options

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$

1,326

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$

1,517

Restricted and performance-based shares

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1,547

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1,365

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$

2,873

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$

2,882

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Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

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Year Ended December 31, 

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2024

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2023

Expected volatility

 

71.70

%  

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69.54

%

Expected dividend yield

 

—

%  

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—

%

Expected term (in years)

 

6.00

 

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6.00

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Weighted average risk-free rate

 

3.94

%  

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3.72

%

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Schedule of weighted-average grant date fair value of options granted

Therefore, the weighted-average grant date fair value per share of options granted is as follows:

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Year Ended December 31, 

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2024

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2023

Weighted average grant date fair value

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$

3.42

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$

4.79

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