Options

Weighted
Average
Exercise
Price

Weighted
Average
Remaining Contractual Term (Years)

Aggregate Intrinsic Value (In thousands)

Outstanding as of December 31, 2023

2,265,350

$

1.71

6.8

$

3,059

Granted

20,000

$

2.93

Exercised

(3,750

)

$

1.87

Forfeited

(12,750

)

$

1.87

Outstanding as of March 31, 2024

2,268,850

$

1.72

6.5

$

2,322

Options exercisable as of March 31, 2024

1,363,975

$

1.25

5.4

$

1,936