Quarterly report [Sections 13 or 15(d)]

STOCK-BASED COMPENSATION (Tables)

v3.25.1
STOCK-BASED COMPENSATION (Tables)
 3 Months Ended
Mar. 31, 2025
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, 2025, is as follows:

A summary of the stock option activity and related information for the Plans for the three months ended March 31, 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     670,291       8.71               6,143,629   
Exercised     —       —                  
Forfeitures or expirations     (22 )     1,211,637,627                  
                                 
Outstanding at March 31, 2025     674,134     $ 116,553       9.90     $ 6,144,314  
Exercisable at March 31, 2025     1,784     $ 37,604,586       8.10     $    
The assumptions used in the valuation of stock options granted during the three months ended March 31, 2025, and 2024 were as follows:

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

 

    Three Months Ended
March 31, 2025		     Three Months Ended
March 31, 2024		  
Risk-free interest rate     4.21 %     4.23% to 5.33 %
Expected term of option     6.00 years       5.25 to 6.00 years  
Expected stock price volatility     149.34 %     111.89% to 137.79 %
Expected dividend yield     0.0       0.0