STOCK OPTIONS |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2024 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Share-Based Payment Arrangement [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| STOCK OPTIONS |
Effective July 8, 2016, the Company’s board of directors approved the Polar Power 2016 Omnibus Incentive Plan (the “2016 Plan”), authorizing the issuance of up to shares of common stock as incentives to employees and consultants to the Company with awards limited to a maximum of shares to any one participant in any calendar year.
At June 30, 2024, and December 31, 2023, the Company had total outstanding options exercisable into shares of the Company’s common stock. The options are fully vested, with exercise prices ranging from $ to $. options expire in December 2027 and the remaining options expire in April 2028.
The outstanding options had intrinsic value at June 30, 2024.
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