Stock Options and Award Programs (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Stock Options and Award Programs |
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| Schedule of assumptions |
| | YEARS ENDED | | | | DECEMBER 31, | | | | 2025 | | | 2024 | | | | | | | | | Expected dividend yield | | | 0% | | | | - | | Expected volatility | | | 62.6% | | | | - | | Risk-free interest rate | | | 3.8% | | | | - | | Term | | | 6.5 years | | | | - | |
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| Schedule of non qualified stock option awards |
| | 2025 | | | 2024 | | | | | | | Weighted | | | | | | Weighted | | | | | | | Average | | | | | | Average | | | | | | | Grant Date | | | | | | Grant Date | | NON-VESTED OPTIONS | | Shares | | | Fair Value | | | Shares | | | Fair Value | | | | | | | | | | | | | | | Non-vested balances, January 1, | | | 288,570 | | | $ | 0.91 | | | | 288,570 | | | $ | 0.91 | | Granted (+) | | | 120,000 | | | $ | 1.89 | | | | - | | | | - | | Expired (-) | | | - | | | | - | | | | - | | | | - | | Vested/Exercised (-) | | | 240,000 | | | $ | 0.90 | | | | - | | | | - | | Non-vested balances, December 31, | | | 168,570 | | | $ | 1.62 | | | | 288,570 | | | $ | 0.91 | |
| | 2025 | | | 2024 | | | | | | | Weighted | | | | | | Weighted | | | | | | | Average | | | | | | Average | | OUTSTANDING AND EXERCISABLE OPTIONS | | Shares | | | Exercise Price | | | Shares | | | Exercise Price | | | | | | | | | | | | | | | Options outstanding, January 1, | | | 288,570 | | | $ | 2.04 | | | | 288,570 | | | $ | 2.04 | | Granted (+) | | | 120,000 | | | | 4.84 | | | | - | | | | - | | Cancelled (-) | | | - | | | | - | | | | - | | | | - | | Expired (-) | | | - | | | | - | | | | - | | | | - | | Exercised (-) | | | 65,000 | | | | 2.09 | | | | - | | | | - | | Options, December 31, | | | 343,570 | | | $ | 3.01 | | | | 288,570 | | | $ | 2.04 | | | | | | | | | | | | | | | | | | | Options vested and expected to vest, | | | | | | | | | | | | | | | | | December 31, | | | 342,640 | | | $ | 3.01 | | | | 285,923 | | | $ | 2.04 | | | | | | | | | | | | | | | | | | | Options outstanding and exercisable, | | | | | | | | | | | | | | | | | December 31, | | | 175,000 | | | $ | 2.09 | | | | - | | | | - | |
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| Schedule of weighted-average remaining contractual life and the aggregate intrinsic value |
| | | | | | | | Outstanding | | | | | | | Expected to | | | and | | | | Outstanding | | | Vest | | | Exercisable | | | | | | | | | | | | Weighted-average remaining contractual life (in years) | | | 3.22 | | | | 3.22 | | | | 2.75 | | Aggregate intrinsic value | | $ | 810,024 | | | $ | 808,185 | | | $ | 574,000 | |
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| Schedule of restricted stock awards |
| | 2025 | | | 2024 | | | | | | | Aggregate | | | | | | Aggregate | | VESTED AND NON-VESTED AWARDS | | Shares | | | Intrinsic Value | | | Shares | | | Intrinsic Value | | | | | | | | | | | | | | | Non-vested awards outstanding, January 1, | | | 323,020 | | | $ | 1,563,417 | | | | 615,992 | | | $ | 1,429,101 | | Granted (+) | | | 71,291 | | | | 374,991 | | | | 399,496 | | | | 1,203,110 | | Cancelled (-) | | | 1,761 | | | | 11,270 | | | | - | | | | - | | Vested (-) | | | 197,933 | | | | 790,146 | | | | 692,468 | | | | 1,833,635 | | Non-vested awards outstanding, December 31, | | | 194,617 | | | $ | 1,045,093 | | | | 323,020 | | | $ | 1,563,417 | | | | | | | | | | | | | | | | | | | Weighted-average remaining contractual life (in years) | | | 0.7 | | | | | | | | 1.1 | | | | | | | | | | | | | | | | | | | | | | | Unamortized RSA compensation expense | | $ | 304,323 | | | | | | | $ | 558,518 | | | | | |
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| Schedule of share-based compensation expense |
| | YEAR ENDED DECEMBER 31, 2025 | | | YEAR ENDED DECEMBER 31, 2024 | | | | Shared-Based Compensation Expense | | | Shared-Based Compensation Expense | | | | Employees | | | Directors | | | Total | | | Employees | | | Directors | | | Total | | | | | | | | | | | | | | | | | | | | | Restricted share-based compensation expense | | $ | 388,672 | | | $ | 237,308 | | | $ | 625,980 | | | $ | 852,168 | | | $ | 244,894 | | | $ | 1,097,062 | | Non-qualified option share-based compensation expense | | | 144,239 | | | | - | | | | 144,239 | | | | 114,185 | | | | - | | | | 114,185 | | | | | | | | | | | | | | | | | | | | | | | | | | | Total share-based compensation before taxes | | $ | 532,911 | | | $ | 237,308 | | | $ | 770,219 | | | $ | 966,353 | | | $ | 244,894 | | | $ | 1,211,247 | |
At December 31, 2025, the Company had approximately $0.7 million of total unrecognized share-based compensation expense, net of estimated forfeitures, related to share-based compensation that will be recognized over the weighted average remaining period of 1.2 years.
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