Stock-Based Compensation (Tables)

3 Months Ended

Mar. 31, 2024

Share-Based Payment Arrangement [Abstract]

Summary of Activity in Stock Award Plans

The activity in the Stock Plan is displayed in the following table:

Authorized Shares Available for Future Award Grants	Three Months Ended March 31, 2024	From Inception to March 31, 2024
Beginning balance	1,150,834	1,900,000
Additional shares authorized	—	2,150,000
Number of awards granted	(321,547)	(4,295,404)
Number of awards forfeited or expired	71,005	1,145,696
Ending balance	900,292	900,292
Number of option awards exercised	—	1,537,336
Number of unrestricted stock awards granted	—	10,090
Number of restricted stock awards vested	23,314	323,750

The activity in the Director Stock Plan is displayed in the following table:

Authorized Shares Available for Future Award Grants	Three Months Ended March 31, 2024	From Inception to March 31, 2024
Beginning balance	103,600	300,000
Additional authorization	—	150,000
Number of awards granted	—	(386,618)
Number of awards forfeited or expired	—	40,218
Ending balance	103,600	103,600
Number of option awards exercised	—	152,336
Number of restricted stock awards vested	—	137,956

Summary of Remaining Stock-Based Compensation Expense

We expect this compensation to be recognized over the remainder of 2024 and subsequent years according to the table below, except with respect to awards that are accelerated by the Board of Directors, in which case we will recognize any remaining compensation expense in the period in which the awards are accelerated.

2024	$	3,917
2025	3,921
2026	2,402
2027	600
2028	—
Total	$	10,840