Note 9 - Stock Compensation Plans

9 Months Ended

Sep. 30, 2022

Notes to Financial Statements

Share-Based Payment Arrangement [Text Block]

(9) STOCK COMPENSATION PLANS

Non-vested grants at December 31, 2021	183,000
Awarded - weighted average share price on award date was $6.11	357,826
Vested	—
Forfeited	(7,500	)
Non-vested grants at September 30, 2022	533,326

For the three and nine months ended September 30, 2022 our stock compensation was $0.1 million and $0.2 million, respectively.  For the three and nine months ended September 30, 2021, our stock compensation was $0.3 million and $0.8 million, respectively.

Non-vested RSU grants will vest as follows:

Vesting Year	RSUs Vesting
2023		301,442
2024		115,942
2025		115,942
		533,326

The outstanding RSUs have a value of $3.0 million based on the September 30, 2022 closing stock price of $5.62.

As of September 30, 2022, unrecognized stock compensation expense is $2.3 million, and we had 1,050,845 RSUs available for future issuance.  RSUs are not allocated earnings and losses as they are considered non-participating securities.