Stock-Based Compensation (Tables)

9 Months Ended

Sep. 30, 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	Nine Months Ended September 30, 2024	From Inception to September 30, 2024
Beginning balance	1,150,834	1,900,000
Additional shares authorized	—	2,150,000
Number of awards granted	(395,489)	(4,369,346)
Number of awards forfeited or expired	349,060	1,423,751
Ending balance	1,104,405	1,104,405
Number of option awards exercised	—	1,537,336
Number of unrestricted stock awards granted	—	10,090
Number of restricted stock awards vested	40,026	340,462

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

Authorized Shares Available for Future Award Grants	Nine Months Ended September 30, 2024	From Inception to September 30, 2024
Beginning balance	103,600	300,000
Additional authorization	—	150,000
Number of awards granted	(32,190)	(418,808)
Number of awards forfeited or expired	—	40,218
Ending balance	71,410	71,410
Number of option awards exercised	—	152,336
Number of restricted stock awards vested	31,380	169,336

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	$	1,531
2025	4,498
2026	2,792
2027	588
2028	—
Total	$	9,409