Company: CPSS
Filing Date: 2025-05-12
Form Type: 10-Q
Source: 0001683168-25-003436
Chunk: 106

Company: CONSUMER PORTFOLIO SERVICES, INC.
Filing Date: 2025-05-12
Form: 10-Q
Item: Part I, Item 8
Chunk 106
---
 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
  
    Forfeited 
     –  
     –  
    N/A
  
    Options outstanding at the end of period 
     6,027  
    $5.41  
    2.46 years

    Options exercisable at the end of period 
     5,204  
    $4.94  
    2.24 years

The following table presents the price distribution
of stock options outstanding and exercisable for the years ended March 31, 2025 and December 31, 2024:

    Schedule of price distribution of stock options outstanding and exercisable 

    Number of shares as of  
    Number of shares as of 

    March