Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.26.1
STOCK-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2026
Share-Based Payment Arrangement [Abstract]  
A summary of the stock option activity and related information for the Plans for the six months ended June 30, 2026, is as follows:

A summary of the stock option activity and related information for the Plans for the six months ended June 30, 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     1,247,339       14.97                
Exercised     (1,516 )     8.05                  
Forfeitures or expirations     (113,338 )     368,197                  
                                 
Outstanding at June 30, 2026     2,283,036     $ 3,816       9.25     $ 2,563,046  
Exercisable at June 30, 2026     455,578     $ 19,062       8.73     $ 1,138,489  
The assumptions used in the valuation of stock options granted during the six months ended June 30, 2026, and 2025 were as follows:

The assumptions used in the valuation of stock options granted during the six months ended June 30, 2026, and 2025 were as follows:

 

    Six Months Ended
June 30, 2026
    Six Months Ended
June 30, 2025
 
Risk-free interest rate     3.81% to 4.32 %     3.81% to 4.30 %
Expected term of option     5.50 to 6.08 years       5.50 to 6.08 years  
Expected stock price volatility     132.61% to 148.41 %     149.34% to 153.44 %
Expected dividend yield     0.0       0.0