Quarterly report pursuant to Section 13 or 15(d)

Stock-based Compensation and Employee Benefit Plans (Tables)

v3.22.2
Stock-based Compensation and Employee Benefit Plans (Tables)
3 Months Ended
Jun. 25, 2022
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Option Estimated using Black-Scholes-Merton Model

Description

 

Three Months Ended

 

 

 

 

June 25, 2022

 

 

June 26, 2021

 

 

Dividend yield

 

 

 

 

 

 

 

Expected volatility

 

 

%

 

 

107.00

%

 

Risk-free interest rate

 

 

%

 

 

0.82

%

 

Expected term (years)

 

 

 

 

 

5.50

 

 

Changes in Stock Options Outstanding

A summary of the changes in stock options outstanding for the three months period ended June 25, 2022 is as follows:

 

Description

 

Shares

 

 

Weighted
Average Price
per share

 

 

Weighted Average
Remaining
Contractual
Term (Years)

 

 

Aggregate
Intrinsic
Value

 

Outstanding at March 26, 2022

 

 

353,037

 

 

$

4.75

 

 

 

7.26

 

 

$

 

Forfeited / Expired

 

 

(17,836

)

 

 

5.22

 

 

 

 

 

 

 

Outstanding at June 25, 2022

 

 

335,201

 

 

$

4.73

 

 

 

7.01

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable at June 25, 2022

 

 

285,028

 

 

$

4.85

 

 

 

6.79

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Expected to vest in the future

 

 

50,173

 

 

$

4.03

 

 

 

8.23

 

 

$

 

Schedule of Changes in Nonvested Restricted Stock Awards Outstanding

Restricted Stock Awards

 

Shares

 

 

Weighted Average
Grant Date Fair
Value

 

Non-vested at March 26, 2022

 

 

20,020

 

 

$

3.65

 

Granted

 

 

10,000

 

 

 

1.75

 

Non-vested at June 25, 2022

 

 

30,020

 

 

$

3.02