v3.25.1
Common Stock (Tables)
 12 Months Ended
Dec. 31, 2024
Common Stock  
Assumptions for grants
Expected volatility

20%

Expected dividend yield

None

Expected term (in years)

3

Risk-free interest rate

1.51%
Options outstanding

Balance of employee stock options outstanding as of 12/31/22

 

 

5,316,167

 

Stock options granted during the year ended 12/31/23

 

 

0

 

Stock options exercised during the year ended 12/31/23

 

 

0

 

Stock options forfeited/expired during the year ended 12/31/23

 

 

(2,076,167)

Balance of employee stock options outstanding as of 12/31/23

 

 

3,240,000

 

Stock options granted during the year ended 12/31/24

 

 

919,334

 

Stock options exercised during the year ended 12/31/24

 

 

0

 

Stock options forfeited/expired during the year ended 12/31/24

 

 

(245,500)

Balance of employee stock options outstanding as of 12/31/24

 

 

3,913,834

 
Number of non-vested options outstanding

Balance of employee non-vested stock options outstanding as of 12/31/22

 

 

1,175,000

 

Stock options granted during the year ended 12/31/23

 

 

0

 

Stock options vested during the year ended 12/31/23

 

 

(217,833)

Stock options forfeited/expired during the year ended 12/31/23

 

 

(396,168)

Balance of employee non-vested stock options outstanding as of 12/31/23

 

 

560,999

 

Stock options granted during the year ended 12/31/24

 

 

919,334

 

Stock options vested during the year ended 12/31/24

 

 

(315,166)

Stock options forfeited/expired during the year ended 12/31/24

 

 

(245,500)

Balance of employee non-vested stock options outstanding as of 12/31/24

 

 

919,667