Quarterly report pursuant to Section 13 or 15(d)

RESTRICTED STOCK UNITS

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RESTRICTED STOCK UNITS
 3 Months Ended
Mar. 31, 2024
Restricted Stock Units  
RESTRICTED STOCK UNITS

9. RESTRICTED STOCK UNITS

 

A summary of restricted stock unit activity for the three months ended March 31, 2024 is presented below.

 

          Weighted-  
          Average  
          Grant Date  
    Shares     Fair Value  
             
Non-vested at January 1, 2024     153,366     $ 5.88  
Granted     -       -  
Vested/deemed vested     (4,514 )     56.40  
Forfeited     -       -  
Non-vested at March 31, 2024     148,852     $ 4.35  

 

The total fair value of restricted stock units that vested or deemed vested during the three months ended March 31, 2024 was $255. The total stock compensation expense recognized relating to the vesting of restricted stock units for the three months ended March 31, 2024 amounted to $105. As of March 31, 2024, the amount of unvested compensation related to issuances of restricted stock units was $480 which will be recognized as an expense in future periods as the shares vest.