Stock-based Compensation (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| 2006 Stock Option Plan [Member] |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Summary of Status of Stock Option Plan |
A summary of the status of the Stock Option Plan during the years ended December 31, 2025 and 2024 is presented below:
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2025 |
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2024 |
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Options |
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Weighted Average Exercise Price |
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Remaining Contractual Life |
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Options |
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|
Weighted Average Exercise Price |
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Remaining Contractual Life |
Outstanding at beginning of year |
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|
37,696 |
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|
$ |
10.61 |
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79,745 |
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$ |
10.61 |
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Forfeited |
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— |
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— |
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(42,049 |
) |
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|
10.61 |
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Outstanding at end of period |
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37,696 |
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$ |
10.61 |
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0.8 years |
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37,696 |
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|
$ |
10.61 |
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|
1.8 years |
Options exercisable at end of period |
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|
37,696 |
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|
$ |
10.61 |
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0.8 years |
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37,696 |
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$ |
10.61 |
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|
1.8 years |
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| 2012 Equity Incentive Plan [Member] |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Summary of Status of Stock Option Plan |
A summary of the status of stock options under the 2012 EIP for the years ended December 31, 2025 and 2024 is as follows:
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2025 |
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2024 |
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Options |
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Exercise Price |
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Intrinsic Value |
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|
Remaining Contractual Life |
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Options |
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|
Exercise Price |
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Intrinsic Value |
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|
Remaining Contractual Life |
Outstanding at beginning of year |
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|
17,749 |
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$ |
8.68 |
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17,751 |
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$ |
10.61 |
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Granted |
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— |
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— |
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12,609 |
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7.89 |
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Forfeited |
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— |
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— |
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(12,610 |
) |
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10.61 |
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Outstanding at end of period |
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17,749 |
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$ |
8.68 |
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$ |
106,000 |
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|
6.1 years |
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17,749 |
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$ |
8.68 |
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$ |
28,000 |
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7.1 years |
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Options exercisable at end of period |
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7,661 |
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$ |
9.71 |
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$ |
38,000 |
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3.3 years |
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5,140 |
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$ |
10.61 |
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$ |
— |
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1.8 years |
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| Schedule of Unvested Restricted Stock Activity |
A summary of the status of unvested restricted stock awards under the 2012 EIP for the years ended December 31, 2025 and 2024 is as follows:
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For the Year
Ended December 31, 2025 |
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|
Weighted Average Grant Price (per Share) |
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For the Year
Ended December 31, 2024 |
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|
Weighted Average Grant Price (per Share) |
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Unvested shares outstanding at beginning of year |
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77,231 |
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$ |
|
8.19 |
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|
24,548 |
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$ |
|
10.27 |
|
Granted |
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— |
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— |
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70,796 |
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|
7.89 |
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Vested |
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(44,693 |
) |
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|
8.39 |
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(15,886 |
) |
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|
10.02 |
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Forfeited |
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— |
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— |
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(2,227 |
) |
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|
8.49 |
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Unvested shares outstanding at end of period |
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32,538 |
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$ |
|
7.91 |
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|
77,231 |
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$ |
|
8.19 |
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| 2025 Equity Incentive Plan [Member] |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Summary of Status of Stock Option Plan |
A summary of the status of stock options under the 2025 EIP for the year ended December 31, 2025 is presented below:
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2025 |
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Options |
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Exercise Price |
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|
Intrinsic Value |
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|
Remaining Contractual Life |
|
Outstanding at beginning of year |
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|
— |
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|
$ |
— |
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Granted |
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43,175 |
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|
14.85 |
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Outstanding at end of period |
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43,175 |
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$ |
14.85 |
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$ |
— |
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|
9.9 years |
|
Options exercisable at end of period |
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— |
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$ |
— |
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$ |
— |
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— |
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| Schedule of Unvested Restricted Stock Activity |
A summary of the status of unvested restricted stock awards under the 2025 EIP for the year ended December 31, 2025 is as follows:
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At December 31, 2025 |
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|
Weighted Average Grant Price (per Share) |
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Unvested shares outstanding at beginning of year |
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— |
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$ |
— |
|
Granted |
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47,556 |
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|
12.36 |
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Unvested shares outstanding at end of period |
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|
47,556 |
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$ |
12.36 |
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| 2025 Equity Incentive Plan [Member] | Restricted Stock [Member] |
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| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
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| Schedule of Awards Granted |
The Compensation Committee of the Board of Directors granted restricted stock awards under the 2025 EIP during the year ended December 31, 2025 as follows:
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Grant Date |
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Number of Restricted Stock Awards |
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Vesting |
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Fair Value per Share of Award on Grant Date |
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Awardees |
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March 12, 2025 |
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6,391 |
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100% on March 12, 2026 |
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$ |
11.64 |
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|
Non-employee directors |
March 12, 2025 |
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30,453 |
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25% per year for four years with first vesting on March 12, 2026 |
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$ |
11.64 |
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Employees |
December 9, 2025 |
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|
10,712 |
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100% on December 9, 2026 |
|
$ |
14.85 |
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|
Non-employee directors |
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| 2025 Equity Incentive Plan [Member] | Employee Stock Option [Member] |
|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of Awards Granted |
The Compensation Committee of the Board of Directors granted stock options under the 2025 EIP during the year ended December 31, 2025 as follows:
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Grant Date |
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Number of Stock Option Awards |
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Vesting |
|
Exercise Price |
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Awardees |
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December 9, 2025 |
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43,175 |
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20% per year for five years with first vesting on December 9, 2026 |
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$ |
14.85 |
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Non-employee directors |
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