v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Stock Based Compensation

 

   2025   2024 
         
Cost of revenue  $99   $152 
Research and development   157    188 
Selling   73    107 
General and administrative   613    616 
           
Total stock-based compensation expense  $942   $1,063 
Schedule of Weighted Average Assumptions

 

Stock price  $4.75 
Exercise price  $4.75 
Dividend yield   0%
Expected volatility   77%
Risk-free interest rate   4.12%
Expected life (in years)   6.00 
Schedule of Stock Options Awards

The following table summarizes stock options awards for the years ended December 31, 2025 and 2024:

 

       Weighted 
   Awards
(in Shares)
   Average
Exercise Price
 
Outstanding at December 31, 2023   846,875   $8.20 
Granted   5,000    4.75 
Expired / cancelled   (28,750)   7.94 
Exercised   -    - 
Outstanding at December 31, 2024   823,125    8.20 
Granted   -    - 
Expired / cancelled   (19,250)   11.09 
Exercised   -    - 
Outstanding at December 31, 2025   803,875    8.17 
Schedule of Outstanding and Exercisable Options Ranges of Exercise Prices

The following table summarizes information about the outstanding and exercisable options at December 31, 2025:

 

   Options Outstanding   Options Exercisable 
       Weighted   Weighted           Weighted     
       Average   Average           Average     
Exercise  Number   Remaining   Exercise   Intrinsic   Number   Exercise   Intrinsic 
Price Range  Outstanding   Contractual   Price   Value   Exercisable   Price   Value 
$ 4.00-7.00    440,875    6.0   $4.54   $-    392,625   $4.48   $- 
$ 7.01-10.00    20,000    2.3   $8.07   $      -    20,000   $8.07   $- 
$ 10.01-13.00    120,000    1.2   $10.52   $-    120,000   $10.52   $- 
$ 13.01-16.00    223,000    7.2   $14.11   $-    112,750   $14.11   $- 
Schedule of Restricted Stock Awards

The following table summarizes restricted stock awards for the years ended December 31, 2025 and 2024:

 

       Weighted 
       Average Grant 
   Shares of   Date Fair 
   Restricted Stock   Value 
Unvested outstanding at January 1, 2024   17,133   $6.53 
Granted   57,327    3.55 
Vested   (46,210)   4.63 
Forfeited or cancelled   -    - 
Unvested outstanding at December 31, 2024   28,250    3.54 
           
Granted   55,500    3.61 
Vested   (56,000)   3.57 
Forfeited or cancelled   -    - 
Unvested outstanding at December 31, 2025   27,750   $3.61