Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.25.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2025
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the nine months ended September 30, 2025, is as follows:

A summary of the stock option activity and related information for the Plans for the nine months ended September 30, 2025, is as follows:

 

    Shares     Weighted- Average
Exercise Price
    Weighted-Average
Remaining
Contractual Term
    Aggregate
Intrinsic Value
 
Outstanding at December 31, 2024     3,865     $ 27,540,609       8.74     $  
Grants     1,157,841       13.79               12,121,775   
Exercised                            
Forfeitures or expirations     (22,504 )     1,895,690                  
                                 
Outstanding at September 30, 2025     1,139,202     $ 54,931       9.49     $ 12,125,600  
Exercisable at September 30, 2025     2,686     $ 19,116,393       7.97     $ 1,278   

 

The assumptions used in the valuation of stock options granted during the nine months ended September 30, 2025, and 2024 were as follows:

The assumptions used in the valuation of stock options granted during the nine months ended September 30, 2025, and 2024 were as follows:

 

    Nine Months Ended
September 30, 2025
    Nine Months Ended
September 30, 2024
 
Risk-free interest rate     3.81% to 4.30 %     3.58% to 5.33 %
Expected term of option     5.50 to 6.08 years       5.25 to 10.00 years  
Expected stock price volatility     149.34% to 153.44 %     111.89% - 140.42 %
Expected dividend yield     0.0       0.0