Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 9

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 1
Chunk 9
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    2024 

    (In thousands) 
  
    Operating lease cost 
    $1,311  
    $1,374 
  
    Finance lease cost 
     55  
     14 
  
    Total lease cost 
    $1,366  
    $1,388 

The following table presents the supplemental
cash flow information related to leases:

    Schedule of supplemental cash flow information related to leases 

    Three Months Ended 

    March 31, 

    2025  
    2024 
  
    Cash paid for amounts included in the measurement of lease liabilities: 
    (In thousands) 
  
    Operating cash flows from operating leases 
    $1,311  
    $1,374 
  
    Operating cash flows from finance leases 
     47  
     13 
  
    Financing cash flows from finance leases 
     8  
     1 

Stock-based Compensation

We recognize compensation costs in the financial
statements for all share-based payments based on the grant date fair value estimated in accordance with the provisions of ASC 718 “Stock
Compensation”.

For the three months ended March 31, 2025, and
2024, we recorded stock-based compensation costs in the amount of $717,000 and $832,000, respectively. As of March 31, 2025, unrecognized
stock-based compensation costs to be recognized over future periods equaled $2.3 million. This amount will be recognized as expense over
a weighted-average period of 0.8 years.

     11 

CONSUMER PORTFOLIO SERVICES, INC. AND SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS

The following represents stock option activity
for the three months ended March 31, 2025:

    Schedule of stock option activity 

    Weighted

    Number of  
    Weighted  
    Average

    Shares  
    Average  
    Remaining

    (in thousands)  
    Exercise Price  
    Contractual Term
  
    Options outstanding at the beginning of period 
     6,097  
    $5.39  
    N/A
  
    Granted 
     –  
     –  
    N/A
  
    Exercised 
     (70) 
     3.49  
    N/A
  
    For