Annual report [Section 13 and 15(d), not S-K Item 405]

STOCK-BASED COMPENSATION (Tables)

v3.25.4
STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the year ended December 31, 2025 is as follows:

A summary of the stock option activity and related information for the Plans for the year ended December 31, 2025 is as follows:

 

    Shares     Weighted-
Average
Exercise Price
    Weighted-Average Remaining Contractual Term     Aggregate Intrinsic Value  
Outstanding at December 31, 2023     774     $ 276,359,750       8.75     $  
Grants     3,461     $ 1,042              
Exercised                            
Forfeitures or expirations     (370 )     288,965,154                  
Outstanding at December 31, 2024     3,865     $ 27,540,609       8.74     $  
Grants     1,212,441     $ 14.09           $ 4,533,364  
Exercised                            
Forfeitures or expirations     (65,755 )   $ 833,637                  
                                 
Outstanding at December 31, 2025     1,150,551     $ 43,826       9.26     $  
Exercisable at December 31, 2025     2,899     $ 13,519,342       7.77     $  
The assumptions used in the valuation of stock options granted during the years ended December 31, 2025 and 2024 were as follows:

The assumptions used in the valuation of stock options granted during the years ended December 31, 2025 and 2024 were as follows:

 

    Year Ended
December 31, 2025
    Year Ended
December 31, 2024
 
Risk-free interest rate     3.88% to 4.30 %     3.58% to 5.33 %
Expected term of option     5.50 to 6.08 years       5.25 to 10 years  
Expected stock price volatility     149.34% to 153.44 %     111.89% - 140.42 %
Expected dividend yield     0.0       0.0