Quarterly report pursuant to Section 13 or 15(d)

RESTRICTED STOCK UNITS

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RESTRICTED STOCK UNITS
 6 Months Ended
Jun. 30, 2024
Restricted Stock Units  
RESTRICTED STOCK UNITS

9. RESTRICTED STOCK UNITS

 

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

SUMMARY OF RESTRICTED STOCK AWARD ACTIVITY

          Weighted-  
          Average  
          Grant Date  
    Shares     Fair Value  
             
Non-vested at January 1, 2024     153,366     $ 5.88  
Granted     -       -  
Vested/deemed vested     (5,139 )     52.60  
Forfeited     -       -  
Non-vested at June 30, 2024     148,227     $ 4.26  

 

The total fair value of restricted stock units that vested or deemed vested during the six months ended June 30, 2024 was $270. The total stock compensation expense recognized relating to the vesting of restricted stock units for the three and six months ended June 30, 2024 amounted to $104 and $209, respectively. As of June 30, 2024, the amount of unvested compensation related to issuances of restricted stock units was $376 which will be recognized as an expense in future periods as the shares vest.