Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.26.3
STOCK-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2026
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, 2026, is as follows:

A summary of the stock option activity and related information for the Plans for the nine months ended September 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     1,342,239       14.60               —  
Exercised     (5,128 )     8.05                  
Forfeitures or expirations     (258,907 )     161,190                  
                                 
Outstanding at September 30, 2026     2,228,755     $ 3,908       9.03     $ 662,296  
Exercisable at September 30, 2026     520,228     $ 16,695       8.48     $ 359,466  
The assumptions used in the valuation of stock options granted during the nine months ended September 30, 2026, and 2025 were as follows:

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

 

    Nine Months Ended
September 30, 2026
    Nine Months Ended
September 30, 2025
 
Risk-free interest rate     3.81 to 4.54 %     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