Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.26.1
STOCK-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2026
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2026, is as follows:

A summary of the stock option activity and related information for the Plans for the three months ended March 31, 2026, is as follows:

 

    Shares     Weighted-
Average
Exercise Price
   

Weighted-

Average
Remaining
Contractual

Term

    Aggregate
Intrinsic
Value
 
Outstanding at December 31, 2025     1,150,551     $ 43,826       9.26     $ 0  
Grants     1,027,539       15.32                
Exercised                            
Forfeitures or expirations     (46,126 )     837,519                  
                                 
Outstanding at March 31, 2026     2,131,964     $ 5,539       9.44     $ 0  
Exercisable at March 31, 2026     235,074     $ 43,516       8.89     $ 0  
The assumptions used in the valuation of stock options granted during the three months ended March 31, 2026, and 2025 were as follows:

The assumptions used in the valuation of stock options granted during the three months ended March 31, 2026, and 2025 were as follows:

 

    Three Months Ended
March 31, 2026
    Three Months Ended
March 31, 2025
 
Risk-free interest rate     3.85% - 4.05 %     4.21 %
Expected term of option     6.08 years       6.00 years  
Expected stock price volatility     147.88% – 148.41 %     149.34 %
Expected dividend yield     0.0       0.0