Quarterly report pursuant to Section 13 or 15(d)

RESTRICTED STOCK UNITS

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RESTRICTED STOCK UNITS
 9 Months Ended
Sep. 30, 2024
Restricted Stock Units  
RESTRICTED STOCK UNITS

10. RESTRICTED STOCK UNITS

 

A summary of restricted stock unit activity for the nine months ended September 30, 2024 is presented below.

 

SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

          Weighted-  
          Average  
          Grant Date  
    Shares     Fair Value  
             
Non-vested at January 1, 2024     767     $ 1,176.00  
Granted     -       -  
Vested/deemed vested     (197 )     1,499.74  
Forfeited     (14 )     8,480.00  
Non-vested at September 30, 2024     556     $ 867.17  

 

The total fair value of restricted stock units that vested or deemed vested during the nine months ended September 30, 2024 was $295. The total stock compensation expense recognized relating to the vesting of restricted stock units for the three and nine months ended September 30, 2024 amounted to $84 and $293, respectively. As of September 30, 2024, the amount of unvested compensation related to issuances of restricted stock units was $292 which will be recognized as an expense in future periods as the shares vest.