Company: FORA
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001140361-25-042313
Chunk: 21

Company: Forian Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 21
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5 and 2024, the Company recognized $889 and $3,555 and $1,333 and $3,999 in amortization of debt issuance costs, respectively, which is recognized in interest expense in the condensed consolidated statements of operations.  
   On February 28, 2024, the Company redeemed $1,000,000 in principal and $87,356 of accrued interest thereon for an aggregate redemption price of $950,000 resulting in a gain of $137,356, which was included in other income and expense in the condensed consolidated statements of operations.  
   On November 11, 2024, the Company redeemed $16,000,000 in principal amount and $1,794,110 of accrued interest thereon for an aggregate redemption price of $17,648,406 resulting in a gain of $145,703.  
   Upon maturity of the Notes on September 1, 2025, the Company repaid all outstanding principal and accrued interest on the Notes for an aggregate amount of $6,840,000. 

  20
  

     Note 12

     STOCK-BASED COMPENSATION

   Restricted Stock Awards and Restricted Stock Units
   
   The table below includes issuances of restricted stock awards and units under the 2020 Plan and unvested equity interests of MOR which were converted into restricted common stock.  

      Number of Restricted Shares and Units

      Weighted Average Grant Date Fair Value Per Share

      Unvested at January 1, 2024
     
      744,985 
     $2.05 

      Issued
     
      1,176,000 
      2.22 

      Vested
     
      (268,737) 
      4.78 

      Canceled
     
      (5,000) 
      9.47 

      Unvested at December 31, 2024
     
      1,647,248 
      3.03 

      Issued
     
      820,000 
      1.96 

      Vested
     
      (273,750) 
      4.72 

      Canceled
     
      (567,250) 
      2.33 

      Unvested at September 30, 2025
     
      1,626,248