Stockholders Equity

3 Months Ended

Mar. 31, 2024

Stockholders Equity

Stockholders' Equity

Note 8. Stockholders’ Equity

Effective on April 21, 2023, the Company filed a Certificate of Change to the Articles of Incorporation to effect the Reverse Stock Split (see Note 1). All share and per share information in this Quarterly Report on Form 10-Q have been retroactively adjusted to reflect the Reverse Stock Split.

The changes in condensed consolidated stockholders’ equity for the three months ended March 31, 2024, and 2023, are as follows:

	Common Stock Shares		Common Stock Amount		Additional Paid-In Capital			Accumulated  Deficit			Treasury Stock			Total
Balance at December 31, 2023		3,867,082	$	2,320	$	48,602		$	(24,209	)	$	(5,402	)	$	21,311
Common stock issued under restricted stock units		4,710		3		(3	)		—			—			—
Share-based compensation expense-stock options		—		—		55			—			—			55
Share-based compensation expense-restricted stock units		—		—		121			—			—			121
Treasury shares		—		—		—			—			(651	)		(651	)
Net income		—		—		—			681			—			681
Balance at March 31, 2024		3,871,792	$	2,323	$	48,775		$	(23,528	)	$	(6,053	)	$	21,517

	Common Stock Shares		Common Stock Amount		Additional Paid-In Capital			Accumulated  Deficit			Treasury Stock			Total
Balance at December 31, 2022	3,686,939	$	2,212	$	45,304		$	(21,979	)	$	(5,402	)	$	20,135
Common stock issued	858		1		14			—			—			15
Common stock issued under restricted stock units	1,920		1		(1	)		—			—			—
Share-based compensation expense-stock options	—		—		58			—			—			58
Share-based compensation expense-restricted stock units	—		—		69			—			—			69
Net loss	—		—		—			(1,270	)		—			(1,270	)
Balance at March 31, 2023	3,689,717	$	2,214	$	45,444		$	(23,249	)	$	(5,402	)	$	19,007